Brinker International, Inc. (NYSE:EAT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in Brinker International, Inc. (NYSE:EAT) by 32.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,816 shares of the restaurant operator’s stock after selling 879 shares during the quarter. SG Americas Securities LLC’s holdings in Brinker International were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Atomi Financial Group Inc. purchased a new position in Brinker International in the fourth quarter valued at approximately $304,000. Wedge Capital Management L L P NC raised its position in shares of Brinker International by 1,145.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 416,044 shares of the restaurant operator’s stock valued at $55,038,000 after acquiring an additional 382,633 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Brinker International in the 4th quarter valued at about $81,888,000. Ritholtz Wealth Management raised its position in shares of Brinker International by 64.5% during the 4th quarter. Ritholtz Wealth Management now owns 13,583 shares of the restaurant operator’s stock worth $1,797,000 after purchasing an additional 5,325 shares during the period. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of Brinker International by 100.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 100 shares during the period.

Analysts Set New Price Targets

A number of research analysts have issued reports on EAT shares. Citigroup boosted their price target on Brinker International from $166.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. upped their target price on Brinker International from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Northcoast Research raised Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Thursday, January 30th. Finally, KeyCorp lowered Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 target price on the stock. in a report on Friday, January 24th. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Brinker International has an average rating of “Hold” and a consensus price target of $140.18.

Brinker International Trading Down 3.1 %

Shares of Brinker International stock opened at $182.21 on Friday. The firm has a market capitalization of $8.09 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 0.58 and a beta of 2.54. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. Brinker International, Inc. has a 52-week low of $42.99 and a 52-week high of $192.21. The company’s fifty day moving average price is $143.77 and its two-hundred day moving average price is $105.41.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. On average, analysts expect that Brinker International, Inc. will post 8.33 EPS for the current year.

Insider Activity

In other Brinker International news, Director Cindy L. Davis sold 5,802 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the completion of the sale, the director now owns 11,107 shares in the company, valued at approximately $2,086,561.02. The trade was a 34.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.72% of the stock is owned by insiders.

Brinker International Company Profile

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.