Tabor Asset Management LP Has $1.68 Million Stock Holdings in Brinker International, Inc. (NYSE:EAT)

Tabor Asset Management LP cut its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 53.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,691 shares of the restaurant operator's stock after selling 14,328 shares during the quarter. Tabor Asset Management LP's holdings in Brinker International were worth $1,679,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC bought a new position in Brinker International in the fourth quarter valued at approximately $26,000. Quarry LP bought a new position in Brinker International in the fourth quarter valued at approximately $48,000. R Squared Ltd bought a new position in Brinker International in the fourth quarter valued at approximately $83,000. Kapitalo Investimentos Ltda bought a new position in shares of Brinker International during the fourth quarter worth $105,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Brinker International during the fourth quarter worth $126,000.

Insider Transactions at Brinker International

In other news, 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 transaction 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 represents a 8.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Douglas N. Comings sold 2,350 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $135.91, for a total transaction of $319,388.50. Following 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 trading on Friday, reaching $154.64. The company's stock had a trading volume of 1,457,710 shares, compared to its average volume of 1,492,417. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 0.49 and a beta of 1.66. Brinker International, Inc. has a 12 month low of $56.27 and a 12 month high of $192.22. The firm has a 50 day moving average price of $146.20 and a 200 day moving average price of $143.80.

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 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 company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. The firm's quarterly revenue was up 27.2% on a year-over-year basis. As a group, equities analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EAT shares. Barclays reduced their price target on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen upgraded shares of Brinker International from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. 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 research note on Monday, January 27th. Wedbush boosted their price objective on shares of Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Brinker International from $140.00 to $160.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Brinker International has an average rating of "Hold" and an average price target of $141.14.

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.