Wellington Management Group LLP Has $6.34 Million Stake in Brinker International, Inc. (NYSE:EAT)

Wellington Management Group LLP lowered its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 92.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,950 shares of the restaurant operator's stock after selling 570,778 shares during the period. Wellington Management Group LLP owned approximately 0.11% of Brinker International worth $6,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Coppell Advisory Solutions LLC bought a new stake in shares of Brinker International in the fourth quarter worth about $26,000. Quarry LP bought a new stake in Brinker International during the 4th quarter worth approximately $48,000. Kapitalo Investimentos Ltda acquired a new stake in Brinker International during the 4th quarter worth approximately $105,000. SBI Securities Co. Ltd. acquired a new position in shares of Brinker International in the fourth quarter valued at approximately $126,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Brinker International during the fourth quarter worth $146,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays cut their price objective 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. Citigroup reduced their price objective on Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, Wells Fargo & Company dropped their target price on Brinker International from $165.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Brinker International presently has an average rating of "Hold" and an average price target of $141.14.

Brinker International Stock Performance

NYSE:EAT traded down $4.30 during mid-day trading on Thursday, reaching $169.20. 1,739,390 shares of the company's stock were exchanged, compared to its average volume of 1,495,612. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The firm has a market capitalization of $7.52 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 0.49 and a beta of 1.66. Brinker International, Inc. has a one year low of $56.27 and a one year high of $192.22. The business's fifty day simple moving average is $149.16 and its two-hundred day simple moving average is $146.69.

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 (EPS) 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 business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the previous year, the company posted $1.24 earnings per share. The firm's revenue for the quarter was up 27.2% compared to the same quarter last year. Analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Insider Transactions at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 2,350 shares of the 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. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ramona Hood sold 777 shares of the stock in a transaction that occurred 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 sale, the director now owns 8,568 shares in the company, valued at $1,158,650.64. This represents a 8.31% decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by insiders.

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.