Jackson Creek Investment Advisors LLC Has $1.31 Million Stock Holdings in Brinker International, Inc. (NYSE:EAT)

Jackson Creek Investment Advisors LLC cut its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 39.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,762 shares of the restaurant operator's stock after selling 5,636 shares during the period. Jackson Creek Investment Advisors LLC's holdings in Brinker International were worth $1,306,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Horrell Capital Management Inc. raised 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 worth $3,526,000 after purchasing an additional 76 shares during the period. AdvisorShares Investments LLC boosted its position in shares of 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 purchasing an additional 89 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Brinker International by 3.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,509 shares of the restaurant operator's stock valued at $596,000 after purchasing an additional 148 shares in the last quarter. Farther Finance Advisors LLC raised its position 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 purchasing an additional 161 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Brinker International during the fourth quarter worth $26,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on EAT shares. Citigroup decreased their target price on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Bank of America lifted their target price on shares of Brinker International from $185.00 to $186.00 and gave the company a "neutral" rating in a research note on Friday. Stifel Nicolaus lifted their target price 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. JPMorgan Chase & Co. lifted their price target on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Finally, Morgan Stanley increased their target price on Brinker International from $144.00 to $149.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Brinker International currently has an average rating of "Hold" and an average price target of $156.41.

Brinker International Price Performance

NYSE:EAT traded up $0.66 during mid-day trading on Monday, reaching $162.46. 278,335 shares of the company were exchanged, compared to its average volume of 1,452,937. Brinker International, Inc. has a 12 month low of $56.27 and a 12 month high of $192.22. The company has a fifty day moving average of $168.49 and a 200 day moving average of $156.80. The company has a quick ratio of 0.23, a current ratio of 0.28 and a debt-to-equity ratio of 2.00. The stock has a market cap of $7.22 billion, a PE ratio of 22.41, a PEG ratio of 0.42 and a beta of 1.70.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.18. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. Brinker International had a net margin of 6.50% and a return on equity of 333.03%. The company's revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. On average, research analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Insider Buying and Selling at Brinker International

In other news, COO Douglas N. Comings sold 2,350 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $135.91, for a total value of $319,388.50. Following the transaction, the chief operating officer owned 20,591 shares of the company's stock, valued at approximately $2,798,522.81. This trade represents a 10.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ramona Hood sold 777 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total transaction of $105,073.71. Following the completion of the transaction, the director directly owned 8,568 shares in the company, valued at $1,158,650.64. This trade represents a 8.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, 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.