Fmr LLC Sells 545,023 Shares of Brinker International, Inc. (NYSE:EAT)

Fmr LLC reduced its position in Brinker International, Inc. (NYSE:EAT) by 13.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,519,392 shares of the restaurant operator’s stock after selling 545,023 shares during the quarter. Fmr LLC owned 7.92% of Brinker International worth $269,339,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Brinker International by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,253 shares of the restaurant operator’s stock valued at $1,653,000 after purchasing an additional 1,588 shares in the last quarter. Comerica Bank lifted its holdings in Brinker International by 26.5% during the first quarter. Comerica Bank now owns 31,284 shares of the restaurant operator’s stock worth $1,554,000 after buying an additional 6,553 shares during the period. Cetera Advisors LLC purchased a new stake in Brinker International during the first quarter worth $714,000. Harbor Capital Advisors Inc. boosted its position in Brinker International by 90.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 20,751 shares of the restaurant operator’s stock valued at $1,502,000 after acquiring an additional 9,854 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 204 shares during the period.

Brinker International Trading Up 1.2 %

Brinker International stock opened at $132.27 on Monday. Brinker International, Inc. has a 52 week low of $35.60 and a 52 week high of $133.82. The stock has a 50-day moving average price of $100.93 and a 200 day moving average price of $79.72. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 1.46 and a beta of 2.46.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating the consensus estimate of $0.69 by $0.26. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. Sell-side analysts anticipate that Brinker International, Inc. will post 5.52 EPS for the current year.

Analyst Ratings Changes

EAT has been the topic of a number of recent research reports. KeyCorp raised their price objective on Brinker International from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Wedbush restated a “neutral” rating and issued a $68.00 price target on shares of Brinker International in a report on Thursday, August 15th. Barclays boosted their price objective on shares of Brinker International from $76.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. BMO Capital Markets downgraded shares of Brinker International from an “outperform” rating to a “market perform” rating and raised their target price for the company from $80.00 to $105.00 in a research note on Thursday, October 31st. Finally, Citigroup lifted their price target on shares of Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $86.45.

Insider Buying and Selling at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total value of $386,634.06. Following the completion of the transaction, the chief financial officer now directly owns 23,071 shares of the company’s stock, valued at approximately $2,376,774.42. The trade was a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.72% of the stock is owned by corporate insiders.

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.