Voya Investment Management LLC Sells 2,276 Shares of Brinker International, Inc. (NYSE:EAT)

Voya Investment Management LLC reduced its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,557 shares of the restaurant operator's stock after selling 2,276 shares during the quarter. Voya Investment Management LLC's holdings in Brinker International were worth $1,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of EAT. Entropy Technologies LP bought a new position in Brinker International during the 4th quarter valued at about $410,000. Principal Financial Group Inc. lifted its position in Brinker International by 23.5% during the third quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator's stock valued at $20,879,000 after purchasing an additional 51,927 shares during the period. Stephens Inc. AR bought a new position in Brinker International during the fourth quarter valued at approximately $661,000. Ifrah Financial Services Inc. purchased a new stake in Brinker International in the fourth quarter worth approximately $280,000. Finally, LMG Wealth Partners LLC bought a new stake in Brinker International in the 4th quarter worth approximately $400,000.

Insiders Place Their Bets

In other news, Director Cindy L. Davis sold 5,802 shares of Brinker International stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value of $1,089,963.72. Following the sale, the director now directly owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $167.10, for a total value of $1,253,250.00. Following the transaction, the chief operating officer now directly owns 26,752 shares of the company's stock, valued at approximately $4,470,259.20. The trade was a 21.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,802 shares of company stock worth $3,752,464 in the last 90 days. 1.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EAT has been the topic of several research analyst reports. Wedbush increased their price target on Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Citigroup dropped their target price on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company reduced their price target on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Brinker International from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Finally, UBS Group upped their target price on shares of Brinker International from $108.00 to $146.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $141.14.

Brinker International Stock Performance

NYSE:EAT opened at $133.13 on Friday. The stock has a 50-day moving average price of $146.79 and a 200 day moving average price of $139.29. The stock has a market capitalization of $5.92 billion, a P/E ratio of 23.07, a P/E/G ratio of 0.49 and a beta of 1.66. Brinker International, Inc. has a 12-month low of $55.43 and a 12-month high of $192.22. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings data 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 net margin of 5.45% and a return on equity of 879.47%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter last year, the business posted $1.24 earnings per share. The company's revenue for the quarter was up 27.2% compared to the same quarter last year. Equities research 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.

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