Teza Capital Management LLC Has $1.09 Million Stake in Brinker International, Inc. (NYSE:EAT)

Teza Capital Management LLC lessened its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 75.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,228 shares of the restaurant operator's stock after selling 25,057 shares during the period. Teza Capital Management LLC's holdings in Brinker International were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Ritholtz Wealth Management raised its holdings in shares of Brinker International by 64.5% in the fourth quarter. Ritholtz Wealth Management now owns 13,583 shares of the restaurant operator's stock valued at $1,797,000 after buying an additional 5,325 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Brinker International in the fourth quarter valued at about $304,000. DGS Capital Management LLC purchased a new stake in shares of Brinker International in the fourth quarter valued at about $242,000. KBC Group NV raised its holdings in shares of Brinker International by 46.9% in the fourth quarter. KBC Group NV now owns 1,844 shares of the restaurant operator's stock valued at $244,000 after buying an additional 589 shares during the last quarter. Finally, Nilsine Partners LLC raised its holdings in shares of Brinker International by 13.1% in the fourth quarter. Nilsine Partners LLC now owns 2,966 shares of the restaurant operator's stock valued at $392,000 after buying an additional 344 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EAT. JPMorgan Chase & Co. upped their target price on shares of Brinker International from $140.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Citigroup reduced their target price on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Barclays cut their price target 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. Wedbush increased their price target on shares of Brinker International from $140.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Finally, Northcoast Research raised shares of Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a report on Thursday, January 30th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $141.14.

Brinker International Price Performance

EAT traded up $5.64 on Friday, hitting $154.64. 1,457,710 shares of the company were exchanged, compared to its average volume of 1,493,404. The business's fifty day moving average is $146.20 and its 200 day moving average is $144.00. The firm has a market capitalization of $6.87 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 0.49 and a beta of 1.66. Brinker International, Inc. has a fifty-two week low of $56.27 and a fifty-two week high of $192.22. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33.

Brinker International (NYSE:EAT - Get Free Report) last posted 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. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. Brinker International's revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 earnings per share. As a group, sell-side analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Activity at Brinker International

In related news, Director Ramona Hood sold 777 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Douglas N. Comings sold 2,350 shares of the business's stock in a transaction 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 owns 20,591 shares of the company's stock, valued at $2,798,522.81. This trade represents a 10.24% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.72% of the company's stock.

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.