Two Sigma Investments LP Decreases Position in Brinker International, Inc. (NYSE:EAT)

Two Sigma Investments LP reduced its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 13.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 206,542 shares of the restaurant operator's stock after selling 31,407 shares during the period. Two Sigma Investments LP owned approximately 0.47% of Brinker International worth $27,323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC purchased a new position in Brinker International in the fourth quarter worth $26,000. Quarry LP purchased a new position in Brinker International in the fourth quarter worth $48,000. R Squared Ltd purchased a new position in Brinker International in the fourth quarter worth $83,000. Kapitalo Investimentos Ltda purchased a new position in Brinker International in the fourth quarter worth $105,000. Finally, SBI Securities Co. Ltd. purchased a new position in Brinker International in the fourth quarter worth $126,000.

Insider Activity

In other news, Director Ramona Hood sold 777 shares of Brinker International 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 sale, the director now owns 8,568 shares of the company's stock, valued at approximately $1,158,650.64. The trade was a 8.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Douglas N. Comings sold 2,350 shares of Brinker International 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 sale, the chief operating officer now directly owns 20,591 shares in the company, 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. Insiders own 1.72% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EAT. JPMorgan Chase & Co. upped their target price on shares of Brinker International from $140.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. The Goldman Sachs Group increased their target price on shares of Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a report on Thursday, January 30th. KeyCorp lowered shares of Brinker International from an "overweight" rating to a "sector weight" rating and set a $115.00 target price on the stock. in a report on Friday, January 24th. Stifel Nicolaus increased their target price 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. Finally, Wells Fargo & Company reduced their target price on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $141.14.

Brinker International Trading Up 3.8%

Brinker International stock traded up $5.64 during trading hours on Friday, reaching $154.64. The stock had a trading volume of 1,457,710 shares, compared to its average volume of 1,493,404. The stock has a market cap of $6.87 billion, a PE ratio of 26.80, 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 company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27. The company has a fifty day simple moving average of $146.20 and a 200-day simple moving average of $144.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.18. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. The company's revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 EPS. Analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal 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.