Systematic Financial Management LP Lowers Holdings in Brinker International, Inc. (NYSE:EAT)

Systematic Financial Management LP trimmed its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 95.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 900 shares of the restaurant operator's stock after selling 17,986 shares during the quarter. Systematic Financial Management LP's holdings in Brinker International were worth $119,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC bought a new position in Brinker International during the 4th quarter worth $26,000. Quarry LP acquired a new stake in shares of Brinker International in the fourth quarter valued at approximately $48,000. R Squared Ltd bought a new stake in shares of Brinker International in the fourth quarter valued at approximately $83,000. Kapitalo Investimentos Ltda bought 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 4th quarter valued at $126,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EAT shares. Citigroup decreased their price target on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Barclays dropped their target price on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus lifted their price target on shares of Brinker International from $155.00 to $170.00 and gave the company a "buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of Brinker International from $140.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group upped their price objective on Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $141.14.

Insider Activity at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 2,350 shares of Brinker International stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $135.91, for a total value of $319,388.50. Following the transaction, the chief operating officer now directly owns 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ramona Hood sold 777 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 8,568 shares of the company's stock, valued at $1,158,650.64. The trade was a 8.31% decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is owned by company insiders.

Brinker International Stock Up 3.6%

Shares of EAT traded up $5.37 during trading hours on Friday, reaching $154.37. 495,856 shares of the stock traded hands, compared to its average volume of 1,487,043. Brinker International, Inc. has a 52 week low of $56.27 and a 52 week high of $192.22. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 0.49 and a beta of 1.66. The stock has a fifty day simple moving average of $145.78 and a 200 day simple moving average of $143.49. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $1.24 earnings per share. Brinker International's revenue was up 27.2% on a year-over-year basis. On average, equities analysts forecast 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.