Brinker International, Inc. (NYSE:EAT) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. decreased its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 95.7% during the 4th quarter, according to the company in 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 quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Brinker International were worth $31,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Entropy Technologies LP acquired a new stake in Brinker International in the fourth quarter valued at approximately $410,000. Stephens Inc. AR acquired a new stake in Brinker International during the fourth quarter worth approximately $661,000. Ifrah Financial Services Inc. acquired a new stake in Brinker International during the fourth quarter worth approximately $280,000. Principal Financial Group Inc. raised its holdings in Brinker International by 5.4% during the fourth 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 during the fourth quarter worth approximately $400,000.

Insider Activity at Brinker International

In other Brinker International news, Director Ramona Hood sold 777 shares of the firm's stock in a transaction 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of the firm's 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 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. This trade represents a 10.24% decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by insiders.

Brinker International Stock Performance

NYSE:EAT traded up $5.64 during midday trading on Friday, reaching $154.64. The stock had a trading volume of 1,457,710 shares, compared to its average volume of 1,493,404. The firm has a fifty day simple moving average of $146.20 and a two-hundred day simple moving average of $144.23. Brinker International, Inc. has a 12-month low of $56.27 and a 12-month high of $192.22. 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 stock has a market cap of $6.87 billion, a P/E ratio of 26.80, a P/E/G ratio of 0.49 and a beta of 1.66.

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen 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 objective 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. Northcoast Research raised shares of Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a report on Thursday, January 30th. Citigroup cut 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. Finally, Stifel Nicolaus raised their target price 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 assigned a buy rating to the stock. According to data from MarketBeat, Brinker International has a consensus rating of "Hold" and a consensus target price of $141.14.

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.