Schonfeld Strategic Advisors LLC Cuts Stock Position in Brinker International, Inc. (NYSE:EAT)

Schonfeld Strategic Advisors LLC reduced its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 82.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,540 shares of the restaurant operator's stock after selling 153,648 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.08% of Brinker International worth $4,437,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in Brinker International by 3,277.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 987,334 shares of the restaurant operator's stock valued at $130,615,000 after buying an additional 958,101 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Brinker International during the 4th quarter worth approximately $81,888,000. Assenagon Asset Management S.A. lifted its position in shares of Brinker International by 2,612.4% during the 4th 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 during the last quarter. Northern Trust Corp raised its stake in Brinker International by 10.2% during the 4th quarter. Northern Trust Corp now owns 512,613 shares of the restaurant operator's stock valued at $67,814,000 after acquiring an additional 47,378 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Brinker International by 14.6% in the 4th quarter. Invesco Ltd. now owns 489,723 shares of the restaurant operator's stock valued at $64,785,000 after purchasing an additional 62,265 shares in the last quarter.

Brinker International Price Performance

Shares of EAT stock traded down $0.94 during midday trading on Thursday, reaching $137.94. 546,898 shares of the company were exchanged, compared to its average volume of 1,489,700. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The company has a market cap of $6.13 billion, a P/E ratio of 23.82, a PEG ratio of 0.49 and a beta of 1.66. The company's 50 day moving average price is $145.22 and its two-hundred day moving average price is $139.85. Brinker International, Inc. has a 12 month low of $56.27 and a 12 month high of $192.22.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.18. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.38 billion. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. Brinker International's revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. On average, sell-side analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EAT shares. Citigroup cut their price objective on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company dropped their price objective on Brinker International from $165.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Wedbush raised their target price on 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 Brinker International from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Finally, BMO Capital Markets boosted their price target on Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a report on Monday, January 27th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $141.14.

Insider Activity

In other Brinker International news, COO Douglas N. Comings sold 7,500 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the completion of the transaction, the chief operating officer now owns 26,752 shares of the company's stock, valued at approximately $4,470,259.20. The trade was a 21.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.72% of the stock is owned by insiders.

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.