Brinker International, Inc. (NYSE:EAT) Shares Sold by Millennium Management LLC

Millennium Management LLC reduced its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 78.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,609 shares of the restaurant operator's stock after selling 479,640 shares during the period. Millennium Management LLC owned 0.29% of Brinker International worth $17,278,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EAT. Entropy Technologies LP acquired a new stake in Brinker International in the 4th quarter worth approximately $410,000. Stephens Inc. AR acquired a new stake in Brinker International in the 4th quarter worth approximately $661,000. Ifrah Financial Services Inc. acquired a new stake in Brinker International in the 4th quarter worth approximately $280,000. Principal Financial Group Inc. boosted its stake in Brinker International by 5.4% in the 4th quarter. Principal Financial Group Inc. now owns 287,456 shares of the restaurant operator's stock worth $38,028,000 after purchasing an additional 14,634 shares in the last quarter. Finally, LMG Wealth Partners LLC acquired a new stake in Brinker International in the 4th quarter worth approximately $400,000.

Wall Street Analyst Weigh In

A number of research firms recently commented on EAT. JPMorgan Chase & Co. lifted their target price on shares of Brinker International from $140.00 to $160.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Brinker International from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Wedbush raised their price target on shares of Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus raised their price target on shares of Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Brinker International has an average rating of "Hold" and an average target price of $141.14.

Brinker International Stock Performance

Shares of NYSE:EAT traded up $10.56 during trading on Tuesday, hitting $165.09. 1,918,127 shares of the stock traded hands, compared to its average volume of 1,495,112. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 0.49 and a beta of 1.66. The company has a fifty day moving average price of $146.85 and a two-hundred day moving average price of $144.65. 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 posted its 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. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.38 billion. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. The business's quarterly revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS. As a group, equities analysts predict that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Buying and Selling

In related news, 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 value of $105,073.71. Following the completion of the sale, the director now owns 8,568 shares of the company's stock, valued at approximately $1,158,650.64. The trade was a 8.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Douglas N. Comings sold 2,350 shares of the business's stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 20,591 shares of the company's stock, valued at approximately $2,798,522.81. The trade was a 10.24% decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is owned by insiders.

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.