Jump Financial LLC Cuts Stock Position in Brinker International, Inc. (NYSE:EAT)

Jump Financial LLC lowered its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 65.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,203 shares of the restaurant operator's stock after selling 8,087 shares during the quarter. Jump Financial LLC's holdings in Brinker International were worth $556,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Optimist Retirement Group LLC lifted its stake in Brinker International by 6.1% in the third quarter. Optimist Retirement Group LLC now owns 3,256 shares of the restaurant operator's stock worth $249,000 after acquiring an additional 187 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Brinker International by 23.5% during the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock valued at $20,879,000 after purchasing an additional 51,927 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Brinker International by 123.9% during the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock valued at $41,000 after buying an additional 171 shares during the period. Harbor Capital Advisors Inc. raised its stake in Brinker International by 136.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 49,031 shares of the restaurant operator's stock worth $6,486,000 after buying an additional 28,322 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Brinker International by 2,612.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator's stock worth $77,865,000 after buying an additional 566,894 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. KeyCorp lowered Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 target price for the company. in a research report on Friday, January 24th. The Goldman Sachs Group raised their price objective on Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Wedbush upped their target price on shares of Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. StockNews.com raised shares of Brinker International from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Finally, Barclays cut their price objective on shares of Brinker International from $190.00 to $165.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Brinker International presently has an average rating of "Hold" and a consensus target price of $142.53.

Insider Buying and Selling at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $187.90, for a total value of $1,409,250.00. Following the completion of the sale, the chief operating officer now owns 34,252 shares in the company, valued at $6,435,950.80. This represents a 17.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $187.86, for a total value of $1,089,963.72. Following the transaction, the director now directly owns 11,107 shares in the company, valued at approximately $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,802 shares of company stock valued at $3,752,464. Insiders own 1.72% of the company's stock.

Brinker International Stock Performance

EAT traded down $21.98 during mid-day trading on Tuesday, reaching $138.69. 3,879,306 shares of the company traded hands, compared to its average volume of 1,477,970. The company's fifty day moving average price is $148.25 and its 200-day moving average price is $138.40. The stock has a market capitalization of $6.16 billion, a P/E ratio of 23.94, a P/E/G ratio of 0.49 and a beta of 2.21. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. Brinker International, Inc. has a 52-week low of $48.37 and a 52-week high of $192.22.

Brinker International (NYSE:EAT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.23. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. The business's quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 EPS. On average, sell-side analysts expect that Brinker International, Inc. will post 8.3 EPS for the current year.

Brinker International 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.