Centiva Capital LP Sells 11,938 Shares of Brinker International, Inc. (NYSE:EAT)

Centiva Capital LP decreased its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 71.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,705 shares of the restaurant operator's stock after selling 11,938 shares during the period. Centiva Capital LP's holdings in Brinker International were worth $622,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of EAT. Wolff Wiese Magana LLC increased its stake in shares of Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new stake in Brinker International in the fourth quarter worth $26,000. GAMMA Investing LLC increased its position in Brinker International by 123.9% in the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator's stock worth $41,000 after buying an additional 171 shares during the last quarter. Quarry LP bought a new stake in shares of Brinker International in the fourth quarter valued at $48,000. Finally, R Squared Ltd purchased a new position in shares of Brinker International during the 4th quarter valued at $83,000.

Brinker International Price Performance

NYSE:EAT traded down $1.69 during midday trading on Wednesday, hitting $150.12. The company had a trading volume of 1,258,687 shares, compared to its average volume of 1,493,811. The company has a market capitalization of $6.67 billion, a PE ratio of 26.02, a P/E/G ratio of 0.49 and a beta of 1.66. 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 $56.27 and a 52-week high of $192.22. The stock's fifty day moving average price is $144.65 and its 200-day moving average price is $141.52.

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

Insider Activity at Brinker International

In other news, COO Douglas N. Comings sold 2,350 shares of Brinker International stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $135.91, for a total value of $319,388.50. Following the transaction, the chief operating officer now owns 20,591 shares in the company, valued at approximately $2,798,522.81. The trade was a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ramona Hood sold 777 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total value of $105,073.71. Following the transaction, the director now owns 8,568 shares in the company, valued at approximately $1,158,650.64. The trade was a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.72% of the stock is owned by insiders.

Analysts Set New Price Targets

EAT has been the subject of several recent research reports. Stifel Nicolaus lifted their price objective on Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Barclays lowered their price target on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company reduced their price objective on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group increased their target price on Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised their price target on Brinker International from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Brinker International has a consensus rating of "Hold" and a consensus price target of $141.14.

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.