Brinker International, Inc. (NYSE:EAT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in Brinker International, Inc. (NYSE:EAT) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,365 shares of the restaurant operator’s stock after selling 197 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Brinker International were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in EAT. Principal Financial Group Inc. lifted its position in shares of Brinker International by 23.5% during the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator’s stock valued at $20,879,000 after acquiring an additional 51,927 shares during the period. GAMMA Investing LLC raised its stake in shares of Brinker International by 123.9% during the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 171 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Brinker International by 136.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 49,031 shares of the restaurant operator’s stock worth $6,486,000 after acquiring an additional 28,322 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Brinker International by 2,612.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator’s stock worth $77,865,000 after acquiring an additional 566,894 shares during the period. Finally, Wolff Wiese Magana LLC grew its position in shares of Brinker International by 100.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter.

Analyst Ratings Changes

EAT has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of Brinker International from $108.00 to $146.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Stifel Nicolaus boosted their price objective on Brinker International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group increased their price objective on Brinker International from $162.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Wedbush lifted their price objective on Brinker International from $140.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company decreased their price target on Brinker International from $165.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Brinker International currently has an average rating of “Hold” and a consensus price target of $141.14.

Insider Buying and Selling at Brinker International

In related news, COO Douglas N. Comings sold 7,500 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $187.90, for a total value of $1,409,250.00. Following the sale, the chief operating officer now directly owns 34,252 shares of the company’s stock, valued at approximately $6,435,950.80. The trade was a 17.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 11,107 shares of the company’s stock, valued at approximately $2,086,561.02. This trade represents a 34.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,802 shares of company stock valued at $3,752,464. 1.72% of the stock is currently owned by company insiders.

Brinker International Price Performance

Brinker International stock opened at $130.00 on Friday. Brinker International, Inc. has a one year low of $54.29 and a one year high of $192.22. The company has a market capitalization of $5.77 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 0.49 and a beta of 2.21. The business has a 50 day simple moving average of $147.24 and a 200 day simple moving average of $138.65. The company has a debt-to-equity ratio of 4.96, a current ratio of 0.33 and a quick ratio of 0.27.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company posted $1.24 EPS. Brinker International’s revenue was up 27.2% on a year-over-year basis. On average, sell-side analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Brinker International 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.