Tabor Asset Management LP Sells 14,328 Shares of Brinker International, Inc. (NYSE:EAT)

Tabor Asset Management LP decreased its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 53.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,691 shares of the restaurant operator's stock after selling 14,328 shares during the period. Tabor Asset Management LP's holdings in Brinker International were worth $1,679,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Entropy Technologies LP acquired a new position in Brinker International during the 4th quarter valued at about $410,000. Stephens Inc. AR acquired a new stake in Brinker International during the 4th quarter worth $661,000. Ifrah Financial Services Inc. acquired a new stake in Brinker International during the 4th quarter worth $280,000. Principal Financial Group Inc. raised its position in shares of Brinker International by 5.4% during the 4th quarter. Principal Financial Group Inc. now owns 287,456 shares of the restaurant operator's stock valued at $38,028,000 after acquiring an additional 14,634 shares during the last quarter. Finally, LMG Wealth Partners LLC acquired a new position in shares of Brinker International in the 4th quarter valued at $400,000.

Insider Buying and Selling

In other news, Director Ramona Hood sold 777 shares of the stock in a transaction dated Wednesday, May 7th. The shares were 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 directly owns 8,568 shares in the company, valued at $1,158,650.64. This represents a 8.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of the firm'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 of the company's stock, valued at $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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays decreased their price objective on Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company lowered their price target on 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 upgraded shares of Brinker International from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price objective on shares of Brinker International from $162.00 to $208.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets upped their target price on shares of Brinker International from $105.00 to $125.00 and gave the company a "market perform" rating in a research note on Monday, January 27th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $141.14.

Brinker International Stock Up 3.7%

Shares of NYSE:EAT traded up $5.57 during mid-day trading on Friday, reaching $154.57. 881,994 shares of the stock were exchanged, compared to its average volume of 1,551,014. The stock's 50 day simple moving average is $145.78 and its 200-day simple moving average is $143.49. Brinker International, Inc. has a one year low of $56.27 and a one year high of $192.21. The company has a market cap of $6.87 billion, a P/E ratio of 26.79, a P/E/G ratio of 0.49 and a beta of 1.66. The company has a quick ratio of 0.27, a current ratio of 0.33 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 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the business earned $1.24 EPS. The business's quarterly revenue was up 27.2% on a year-over-year basis. As a group, equities research analysts predict that Brinker International, Inc. will post 8.3 EPS for the current year.

Brinker International Company 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.