Brinker International, Inc. (NYSE:EAT) Holdings Reduced by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lowered its position in Brinker International, Inc. (NYSE:EAT) by 45.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,700 shares of the restaurant operator’s stock after selling 3,100 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Brinker International were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Brevan Howard Capital Management LP raised its stake in Brinker International by 97.5% during the 4th quarter. Brevan Howard Capital Management LP now owns 36,335 shares of the restaurant operator’s stock valued at $4,807,000 after acquiring an additional 17,936 shares in the last quarter. Captrust Financial Advisors acquired a new position in Brinker International during the 4th quarter valued at about $255,000. Caxton Associates LP raised its position in shares of Brinker International by 372.2% during the 4th quarter. Caxton Associates LP now owns 18,477 shares of the restaurant operator’s stock worth $2,444,000 after buying an additional 14,564 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Brinker International in the 4th quarter worth approximately $82,408,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Brinker International by 214.8% in the fourth quarter. BNP Paribas Financial Markets now owns 138,676 shares of the restaurant operator’s stock valued at $18,345,000 after acquiring an additional 94,629 shares in the last quarter.

Insider Transactions at Brinker International

In related news, Director Ramona Hood sold 777 shares of Brinker International stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total transaction of $105,073.71. Following the completion of the sale, the director now owns 8,568 shares of the company’s stock, valued at approximately $1,158,650.64. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.72% of the stock is owned by insiders.

Brinker International Trading Up 0.3%

Brinker International stock opened at $137.09 on Monday. Brinker International, Inc. has a 52 week low of $56.27 and a 52 week high of $192.22. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 0.49 and a beta of 1.66. The company has a 50 day moving average price of $144.50 and a 200 day moving average price of $141.10.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.18. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. Brinker International’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 earnings per share. Research analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EAT shares. StockNews.com raised Brinker International from a “hold” rating to a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group boosted 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. Wells Fargo & Company decreased their target price on Brinker International from $165.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus lifted their target price on Brinker International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Citigroup cut their price target on shares of Brinker International from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Brinker International currently has a consensus rating of “Hold” and a consensus price target of $141.14.

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.