Brinker International, Inc. (NYSE:EAT) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 69.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,834 shares of the restaurant operator’s stock after selling 6,298 shares during the period. US Bancorp DE’s holdings in Brinker International were worth $422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Coppell Advisory Solutions LLC acquired a new position in shares of Brinker International during the fourth quarter worth $26,000. Farther Finance Advisors LLC lifted its position in shares of Brinker International by 575.0% during the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 161 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Brinker International during the first quarter worth $30,000. Continuum Advisory LLC lifted its position in shares of Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 240 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Brinker International during the fourth quarter worth $48,000.

Insider Transactions at Brinker International

In related news, Director Joseph Michael Depinto sold 10,000 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the completion of the sale, the director owned 99,297 shares in the company, valued at approximately $16,916,236.92. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.72% of the company’s stock.

Brinker International Trading Up 2.4%

NYSE EAT opened at $155.77 on Wednesday. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 0.36 and a beta of 1.68. Brinker International, Inc. has a 52 week low of $58.85 and a 52 week high of $192.21. The business has a 50 day moving average price of $168.80 and a 200-day moving average price of $158.36. The company has a quick ratio of 0.23, a current ratio of 0.28 and a debt-to-equity ratio of 2.00.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EAT. Barclays upped their price target on shares of Brinker International from $155.00 to $166.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Wells Fargo & Company upped their price target on shares of Brinker International from $150.00 to $165.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Bank of America upped their price target on shares of Brinker International from $185.00 to $186.00 and gave the company a “neutral” rating in a report on Friday, July 18th. JPMorgan Chase & Co. upped their price target on shares of Brinker International from $160.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, June 25th. Finally, Morgan Stanley upped their price target on shares of Brinker International from $144.00 to $149.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Brinker International currently has an average rating of “Hold” and a consensus price target of $156.41.

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.