Fisher Asset Management LLC Sells 52,376 Shares of Brinker International, Inc. (NYSE:EAT)

Fisher Asset Management LLC lowered its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 665,509 shares of the restaurant operator's stock after selling 52,376 shares during the quarter. Fisher Asset Management LLC owned approximately 1.50% of Brinker International worth $28,737,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Federated Hermes Inc. purchased a new position in Brinker International during the fourth quarter worth about $3,522,000. Invesco Ltd. raised its stake in Brinker International by 20.4% in the third quarter. Invesco Ltd. now owns 332,176 shares of the restaurant operator's stock valued at $10,493,000 after purchasing an additional 56,192 shares in the last quarter. SG Americas Securities LLC lifted its position in Brinker International by 5.5% during the fourth quarter. SG Americas Securities LLC now owns 23,079 shares of the restaurant operator's stock valued at $997,000 after purchasing an additional 1,205 shares during the last quarter. New York State Common Retirement Fund grew its stake in Brinker International by 63.9% in the 3rd quarter. New York State Common Retirement Fund now owns 31,428 shares of the restaurant operator's stock worth $993,000 after buying an additional 12,251 shares in the last quarter. Finally, Barclays PLC grew its stake in Brinker International by 411.7% in the 3rd quarter. Barclays PLC now owns 170,719 shares of the restaurant operator's stock worth $5,394,000 after buying an additional 137,354 shares in the last quarter.

Analyst Ratings Changes

EAT has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price objective on shares of Brinker International from $55.00 to $65.00 and gave the stock an "outperform" rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on Brinker International from $44.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 19th. Royal Bank of Canada increased their price target on shares of Brinker International from $43.00 to $46.00 and gave the company a "sector perform" rating in a research report on Thursday, February 1st. Raymond James lifted their price target on shares of Brinker International from $45.00 to $50.00 and gave the stock a "strong-buy" rating in a research note on Thursday, February 1st. Finally, Stifel Nicolaus increased their target price on shares of Brinker International from $55.00 to $62.00 and gave the company a "buy" rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $46.06.

Brinker International Trading Up 1.2 %

Shares of EAT stock traded up $0.64 during trading hours on Friday, reaching $54.98. The company's stock had a trading volume of 1,081,489 shares, compared to its average volume of 1,496,255. Brinker International, Inc. has a one year low of $28.23 and a one year high of $56.30. The stock has a market capitalization of $2.45 billion, a P/E ratio of 16.31, a P/E/G ratio of 0.73 and a beta of 2.42. The firm's fifty day simple moving average is $47.99 and its 200 day simple moving average is $42.38.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.09. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The business had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities research analysts forecast that Brinker International, Inc. will post 3.98 earnings per share 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.