Edgestream Partners L.P. Sells 1,905 Shares of Brinker International, Inc. (NYSE:EAT)

Edgestream Partners L.P. reduced its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,684 shares of the restaurant operator's stock after selling 1,905 shares during the period. Edgestream Partners L.P. owned about 0.06% of Brinker International worth $3,828,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of Brinker International by 575.0% during 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 during the period. Coppell Advisory Solutions LLC purchased a new position in shares of Brinker International during the fourth quarter valued at approximately $26,000. Financial Management Professionals Inc. purchased a new position in shares of Brinker International during the first quarter valued at approximately $30,000. Continuum Advisory LLC increased its position in Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 240 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Brinker International in the fourth quarter worth $48,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on EAT. Bank of America increased their price objective on shares of Brinker International from $185.00 to $186.00 and gave the stock a "neutral" rating in a report on Friday. Barclays lifted their target price on shares of Brinker International from $155.00 to $166.00 and gave the company an "equal weight" rating in a research note on Thursday. Stifel Nicolaus lifted their price target on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Wells Fargo & Company boosted their target price on shares of Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $156.41.

Brinker International Trading Down 2.2%

EAT traded down $3.63 during trading on Friday, hitting $161.50. The company's stock had a trading volume of 1,528,159 shares, compared to its average volume of 1,457,513. The company has a quick ratio of 0.23, a current ratio of 0.28 and a debt-to-equity ratio of 2.00. Brinker International, Inc. has a twelve month low of $56.27 and a twelve month high of $192.22. The stock's fifty day moving average price is $168.49 and its 200-day moving average price is $156.50. The firm has a market capitalization of $7.18 billion, a P/E ratio of 22.28, a PEG ratio of 0.43 and a beta of 1.70.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.18. Brinker International had a return on equity of 333.03% and a net margin of 6.50%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The business's revenue for the quarter was up 27.2% on a year-over-year basis. Analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Buying and Selling

In related 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 transaction of $319,388.50. Following the transaction, the chief operating officer directly owned 20,591 shares in the company, valued at $2,798,522.81. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 owned 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. In the last quarter, insiders have sold 13,127 shares of company stock valued at $2,128,062. Corporate insiders own 1.72% of the company's stock.

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.