Jackson Creek Investment Advisors LLC Trims Holdings in Brinker International, Inc. (NYSE:EAT)

Jackson Creek Investment Advisors LLC decreased its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 39.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new stake in Brinker International during the first quarter valued at approximately $206,000. Range Financial Group LLC purchased a new stake in Brinker International during the first quarter valued at approximately $1,036,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Brinker International during the first quarter valued at approximately $492,000. Robeco Institutional Asset Management B.V. purchased a new stake in Brinker International during the first quarter valued at approximately $565,000. Finally, Two Sigma Advisers LP purchased a new stake in Brinker International during the fourth quarter valued at approximately $1,336,000.

Insider Buying and Selling

In other news, COO Douglas N. Comings sold 2,350 shares of Brinker International 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 transaction, the chief operating officer directly owned 20,591 shares of the company's stock, valued at $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 available through this link. Also, Director Ramona Hood sold 777 shares of the business's stock in a transaction on 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 represents a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,127 shares of company stock worth $2,128,062. Company insiders own 1.72% of the company's stock.

Brinker International Price Performance

Shares of Brinker International stock traded down $3.63 during trading hours on Friday, reaching $161.50. 1,528,159 shares of the company's stock were exchanged, compared to its average volume of 1,457,513. Brinker International, Inc. has a 1 year low of $56.27 and a 1 year high of $192.22. The company has a market capitalization of $7.18 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 0.43 and a beta of 1.70. 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 business has a fifty day moving average of $168.49 and a two-hundred day moving average of $156.50.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EAT shares. JPMorgan Chase & Co. increased their price objective on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. 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 increased their price objective on shares of Brinker International from $155.00 to $166.00 and gave the stock an "equal weight" rating in a research note on Thursday. Stifel Nicolaus increased their price objective on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Thursday. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Brinker International presently has a consensus rating of "Hold" and a consensus target price of $156.41.

Brinker International 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.