Brinker International, Inc. (NYSE:EAT) Stock Holdings Lessened by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,806 shares of the restaurant operator's stock after selling 3,406 shares during the period. Janney Montgomery Scott LLC owned about 0.05% of Brinker International worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC purchased a new stake in shares of Brinker International during the 4th quarter worth about $26,000. Farther Finance Advisors LLC grew its stake in shares of Brinker International by 575.0% in the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock valued at $29,000 after buying an additional 161 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in Brinker International in the first quarter worth approximately $30,000. Quarry LP bought a new position in Brinker International during the fourth quarter valued at approximately $48,000. Finally, Kapitalo Investimentos Ltda bought a new position in Brinker International during the fourth quarter valued at approximately $105,000.

Brinker International Trading Down 0.0%

Shares of NYSE:EAT opened at $178.61 on Tuesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.23 and a current ratio of 0.28. The stock's 50-day moving average is $157.71 and its 200-day moving average is $151.25. The company has a market cap of $7.94 billion, a P/E ratio of 24.64, a P/E/G ratio of 0.51 and a beta of 1.71. Brinker International, Inc. has a 52-week low of $56.27 and a 52-week high of $192.22.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results 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 firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.38 billion. Brinker International had a return on equity of 333.03% and a net margin of 6.50%. The firm's revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 EPS. Equities research analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on EAT. Wells Fargo & Company decreased their target price on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Citigroup reduced 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 note on Thursday, April 10th. Barclays decreased their price objective on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, Stifel Nicolaus increased their target price on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $143.64.

Insider Transactions at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 2,350 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $135.91, for a total value of $319,388.50. Following the completion of the sale, the chief operating officer now owns 20,591 shares in the company, valued at approximately $2,798,522.81. This trade represents a 10.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ramona Hood sold 777 shares of Brinker International 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 sale, the director now directly owns 8,568 shares in the company, valued at $1,158,650.64. The trade was a 8.31% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,127 shares of company stock worth $2,128,062. Insiders own 1.72% of the company's stock.

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.

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