Brinker International, Inc. (NYSE:EAT) Shares Sold by Wellington Management Group LLP

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

Several other hedge funds have also made changes to their positions in the company. Coppell Advisory Solutions LLC purchased a new position in Brinker International during the 4th quarter valued at about $26,000. Quarry LP purchased a new position in Brinker International during the 4th quarter valued at about $48,000. Kapitalo Investimentos Ltda purchased a new position in Brinker International during the 4th quarter valued at about $105,000. SBI Securities Co. Ltd. purchased a new position in Brinker International during the 4th quarter valued at about $126,000. Finally, Daiwa Securities Group Inc. purchased a new position in Brinker International during the 4th quarter valued at about $146,000.

Analysts Set New Price Targets

EAT has been the topic of a number of analyst reports. 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. Wells Fargo & Company cut their price objective on shares of 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. Finally, Citigroup cut their price objective on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Brinker International currently has an average rating of "Hold" and a consensus price target of $141.14.

Brinker International Price Performance

EAT traded up $2.34 during trading on Friday, hitting $171.67. The company's stock had a trading volume of 951,794 shares, compared to its average volume of 1,494,591. 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 $7.63 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 0.49 and a beta of 1.71. The business's fifty day simple moving average is $149.97 and its 200 day simple moving average is $147.35. Brinker International, Inc. has a twelve month low of $56.27 and a twelve month high of $192.22.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.18. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.38 billion. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. Brinker International's revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 EPS. On average, equities research analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Insider Activity at Brinker International

In other Brinker International 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of the company'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 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 position. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by insiders.

Brinker International Company 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.