Janney Montgomery Scott LLC Sells 3,406 Shares of Brinker International, Inc. (NYSE:EAT)

Janney Montgomery Scott LLC lessened its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 12.5% during the first quarter, according to the company in its most recent 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 0.05% of Brinker International worth $3,548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EAT. Horrell Capital Management Inc. lifted its holdings in shares of Brinker International by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the restaurant operator's stock valued at $3,526,000 after purchasing an additional 76 shares during the last quarter. AdvisorShares Investments LLC increased its position in Brinker International by 4.4% during the 4th quarter. AdvisorShares Investments LLC now owns 2,131 shares of the restaurant operator's stock valued at $282,000 after buying an additional 89 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in Brinker International by 3.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,509 shares of the restaurant operator's stock valued at $596,000 after buying an additional 148 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Brinker International by 575.0% in the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 161 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Brinker International by 1.4% in the fourth quarter. Arizona State Retirement System now owns 12,989 shares of the restaurant operator's stock worth $1,718,000 after acquiring an additional 178 shares during the last quarter.

Brinker International Price Performance

Shares of EAT traded down $2.00 during trading hours on Friday, reaching $179.78. 1,802,394 shares of the stock traded hands, compared to its average volume of 1,482,406. The company has a market cap of $7.99 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 0.50 and a beta of 1.71. The company has a current ratio of 0.28, a quick ratio of 0.23 and a debt-to-equity ratio of 2.00. The company's 50-day moving average price is $159.37 and its two-hundred day moving average price is $152.03. 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 quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, beating the consensus estimate of $2.48 by $0.18. The business had revenue of $1.43 billion for 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 business's revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 earnings per share. On average, analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analyst Weigh In

EAT has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on 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. JPMorgan Chase & Co. upped their price target on Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday. Barclays decreased their target price on Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Citigroup dropped their price target on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, Stifel Nicolaus boosted their price objective on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Brinker International has an average rating of "Hold" and an average price target of $144.75.

Insiders Place Their Bets

In other Brinker International news, COO Douglas N. Comings sold 2,350 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $135.91, for a total value of $319,388.50. Following the sale, the chief operating officer now owns 20,591 shares in the company, valued at $2,798,522.81. The trade was a 10.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Michael Depinto sold 10,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the transaction, the director now directly owns 99,297 shares of the company's stock, valued at $16,916,236.92. This trade represents a 9.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,127 shares of company stock worth $2,128,062 in the last three months. 1.72% of the stock is owned by company 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.