Brinker International, Inc. (NYSE:EAT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Brinker International, Inc. (NYSE:EAT) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,308 shares of the restaurant operator’s stock after selling 835 shares during the period. Victory Capital Management Inc.’s holdings in Brinker International were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new position in shares of Brinker International during the 1st quarter valued at about $714,000. Vanguard Group Inc. raised its position in Brinker International by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock valued at $275,004,000 after acquiring an additional 135,580 shares in the last quarter. Boston Partners lifted its holdings in Brinker International by 231.8% in the first quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock valued at $78,602,000 after acquiring an additional 1,106,046 shares during the period. Principal Financial Group Inc. boosted its position in Brinker International by 23.5% in the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator’s stock worth $20,879,000 after purchasing an additional 51,927 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Brinker International by 1,686.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 192,972 shares of the restaurant operator’s stock worth $13,969,000 after purchasing an additional 182,172 shares during the period.

Insider Activity at Brinker International

In other news, CFO Michaela M. Ware sold 3,753 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the completion of the transaction, the chief financial officer now directly owns 23,071 shares in the company, valued at approximately $2,376,774.42. The trade was a 13.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.72% of the stock is owned by company insiders.

Brinker International Trading Down 0.3 %

Shares of NYSE:EAT opened at $130.62 on Wednesday. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32. The stock’s 50-day moving average is $96.52 and its 200-day moving average is $77.87. The company has a market cap of $5.80 billion, a P/E ratio of 31.86, a P/E/G ratio of 1.39 and a beta of 2.46. Brinker International, Inc. has a 52-week low of $34.77 and a 52-week high of $131.46.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities research analysts predict that Brinker International, Inc. will post 5.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EAT shares. KeyCorp increased their target price on shares of Brinker International from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Argus downgraded Brinker International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Bank of America raised their price objective on Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Wells Fargo & Company upped their target price on Brinker International from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price target on shares of Brinker International from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Brinker International presently has a consensus rating of “Hold” and a consensus target price of $86.45.

About Brinker International

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.