10,100 Shares in Brinker International, Inc. (NYSE:EAT) Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP bought a new position in Brinker International, Inc. (NYSE:EAT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,100 shares of the restaurant operator's stock, valued at approximately $1,336,000.

Several other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in shares of Brinker International by 3,277.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 987,334 shares of the restaurant operator's stock worth $130,615,000 after buying an additional 958,101 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Brinker International in the fourth quarter worth $82,408,000. Northern Trust Corp lifted its holdings in shares of Brinker International by 10.2% during the 4th quarter. Northern Trust Corp now owns 512,613 shares of the restaurant operator's stock valued at $67,814,000 after purchasing an additional 47,378 shares during the last quarter. Invesco Ltd. boosted its position in shares of Brinker International by 14.6% in the 4th quarter. Invesco Ltd. now owns 489,723 shares of the restaurant operator's stock worth $64,785,000 after purchasing an additional 62,265 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Brinker International during the 4th quarter worth $61,929,000.

Insider Buying and Selling

In related news, COO Douglas N. Comings sold 2,350 shares of the company's stock in a transaction dated 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 sale, the chief operating officer now owns 20,591 shares of the company's stock, valued at approximately $2,798,522.81. This represents a 10.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ramona Hood sold 777 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total value of $105,073.71. Following the transaction, the director now owns 8,568 shares in the company, valued at approximately $1,158,650.64. This represents a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.72% of the stock is owned by company insiders.

Brinker International Stock Performance

Shares of EAT traded down $1.51 during mid-day trading on Tuesday, reaching $174.41. The company had a trading volume of 803,939 shares, compared to its average volume of 1,491,446. The stock has a market capitalization of $7.75 billion, a P/E ratio of 30.23, a PEG ratio of 0.49 and a beta of 1.66. Brinker International, Inc. has a 52-week low of $56.27 and a 52-week high of $192.22. The stock has a 50 day moving average of $148.26 and a two-hundred day moving average of $146.31. 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 announced its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.18. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $1.24 EPS. Brinker International's revenue for the quarter was up 27.2% compared to the same quarter last year. On average, analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EAT shares. 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 report on Wednesday, April 30th. Citigroup cut their price target on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, Barclays lowered their price objective on shares of 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. Thirteen investment 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, Brinker International currently has an average rating of "Hold" and a consensus price target of $141.14.

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.