Point72 Asia Singapore Pte. Ltd. Sells 5,172 Shares of Brinker International, Inc. (NYSE:EAT)

Point72 Asia Singapore Pte. Ltd. decreased its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 95.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233 shares of the restaurant operator's stock after selling 5,172 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Brinker International were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Atomi Financial Group Inc. purchased a new position in Brinker International in the fourth quarter worth $304,000. DGS Capital Management LLC purchased a new position in Brinker International in the fourth quarter worth $242,000. KBC Group NV grew its holdings in Brinker International by 46.9% in the fourth quarter. KBC Group NV now owns 1,844 shares of the restaurant operator's stock worth $244,000 after purchasing an additional 589 shares during the last quarter. Nilsine Partners LLC grew its holdings in Brinker International by 13.1% in the fourth quarter. Nilsine Partners LLC now owns 2,966 shares of the restaurant operator's stock worth $392,000 after purchasing an additional 344 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Brinker International in the fourth quarter worth $83,000.

Analysts Set New Price Targets

EAT has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on shares of Brinker International from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, January 27th. The Goldman Sachs Group lifted their price target on shares of Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. StockNews.com raised shares of Brinker International from a "hold" rating to a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company cut their price target on shares of 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, Citigroup dropped their price objective on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Brinker International has a consensus rating of "Hold" and an average target price of $141.14.

Insider Buying and Selling at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 2,350 shares of the company'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 completion of the transaction, the chief operating officer now owns 20,591 shares in the company, valued at approximately $2,798,522.81. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ramona Hood sold 777 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total transaction of $105,073.71. Following the completion of the transaction, the director now owns 8,568 shares of the company's stock, valued at approximately $1,158,650.64. This trade represents a 8.31% decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is owned by corporate insiders.

Brinker International Price Performance

NYSE:EAT opened at $148.92 on Tuesday. Brinker International, Inc. has a one year low of $56.27 and a one year high of $192.22. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 0.49 and a beta of 1.66. The firm's fifty day moving average is $145.22 and its two-hundred day moving average is $143.16.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, beating the consensus estimate of $2.48 by $0.18. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The firm's revenue was up 27.2% on a year-over-year basis. Research analysts expect that Brinker International, Inc. will post 8.3 EPS 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.

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