CarsonAllaria Wealth Management Ltd. Lowers Holdings in Brinker International, Inc. (NYSE:EAT)

CarsonAllaria Wealth Management Ltd. cut its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 80.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 494 shares of the restaurant operator's stock after selling 1,990 shares during the quarter. CarsonAllaria Wealth Management Ltd.'s holdings in Brinker International were worth $74,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Brinker International by 3,277.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 987,334 shares of the restaurant operator's stock valued at $130,615,000 after acquiring an additional 958,101 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Brinker International in the fourth quarter worth $82,408,000. Fuller & Thaler Asset Management Inc. bought a new stake in Brinker International in the fourth quarter valued at $61,929,000. American Century Companies Inc. raised its holdings in shares of Brinker International by 4,710.3% during the fourth quarter. American Century Companies Inc. now owns 280,824 shares of the restaurant operator's stock valued at $37,150,000 after purchasing an additional 274,986 shares during the period. Finally, Man Group plc boosted its position in shares of Brinker International by 293.6% during the 4th quarter. Man Group plc now owns 239,306 shares of the restaurant operator's stock worth $31,658,000 after purchasing an additional 178,503 shares in the last quarter.

Insider Transactions at Brinker International

In related news, COO Douglas N. Comings sold 2,350 shares of the business's 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 sale, the chief operating officer directly owned 20,591 shares in the company, valued at approximately $2,798,522.81. The trade was a 10.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph Michael Depinto sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the completion of the transaction, the director directly owned 99,297 shares of the company's stock, valued at approximately $16,916,236.92. This trade represents a 9.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,127 shares of company stock worth $2,128,062. 1.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EAT has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Barclays reduced their price objective on Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Citigroup lowered their target price on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company cut their target price 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. Finally, Stifel Nicolaus boosted their price target on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Thirteen investment 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, the company has an average rating of "Hold" and a consensus price target of $144.75.

Brinker International Stock Up 0.4%

NYSE:EAT traded up $0.67 on Friday, hitting $182.40. The stock had a trading volume of 456,118 shares, compared to its average volume of 1,483,355. The stock has a market cap of $8.11 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 0.47 and a beta of 1.70. 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 firm's fifty day simple moving average is $162.04 and its two-hundred day simple moving average is $153.86. Brinker International, Inc. has a 1 year low of $56.27 and a 1 year 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 (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.18. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.38 billion. Brinker International had a net margin of 6.50% and a return on equity of 333.03%. The firm's quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 earnings per share. Analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current year.

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.