Brinker International, Inc. (NYSE:EAT) Stake Cut by Radnor Capital Management LLC

Radnor Capital Management LLC decreased its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 40.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,650 shares of the restaurant operator's stock after selling 1,800 shares during the quarter. Radnor Capital Management LLC's holdings in Brinker International were worth $395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC acquired a new stake in shares of Brinker International in the fourth quarter valued at approximately $26,000. Financial Management Professionals Inc. acquired a new stake in Brinker International during the 1st quarter worth $30,000. Quarry LP purchased a new position in Brinker International during the 4th quarter worth $48,000. Kapitalo Investimentos Ltda purchased a new position in Brinker International during the 4th quarter worth $105,000. Finally, SBI Securities Co. Ltd. acquired a new position in Brinker International in the fourth quarter valued at $126,000.

Brinker International Price Performance

Brinker International stock traded up $6.68 during mid-day trading on Wednesday, reaching $175.07. The company had a trading volume of 1,192,046 shares, compared to its average volume of 1,488,973. The stock's 50-day simple moving average is $150.92 and its 200-day simple moving average is $148.15. The company has a market capitalization of $7.78 billion, a P/E ratio of 30.33, a P/E/G ratio of 0.49 and a beta of 1.71. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. Brinker International, Inc. has a 1 year low of $56.27 and a 1 year 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 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.18. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned $1.24 earnings per share. Brinker International's quarterly revenue was up 27.2% compared to the same quarter last year. On average, equities analysts predict that Brinker International, Inc. will post 8.3 EPS for the current year.

Analysts Set New Price Targets

EAT has been the topic of a number of research reports. Citigroup lowered their price target on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company decreased their price objective on Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Finally, Barclays dropped their target price on Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Brinker International presently has a consensus rating of "Hold" and a consensus price target of $141.14.

Insider Buying and Selling at Brinker International

In other news, Director Joseph Michael Depinto sold 10,000 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total value of $1,703,600.00. Following the completion of the transaction, the director now directly owns 99,297 shares of the company's stock, valued at $16,916,236.92. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction 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 trade represents a 10.24% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,127 shares of company stock worth $2,128,062. 1.72% of the stock is owned by corporate 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.