Parametrica Management Ltd Has $234,000 Position in Brinker International, Inc. (NYSE:EAT)

Parametrica Management Ltd lessened its position in Brinker International, Inc. (NYSE:EAT) by 35.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,768 shares of the restaurant operator’s stock after selling 965 shares during the period. Parametrica Management Ltd’s holdings in Brinker International were worth $234,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of EAT. Wolff Wiese Magana LLC raised its stake in Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock worth $26,000 after buying an additional 100 shares during the period. GAMMA Investing LLC raised its position 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 worth $41,000 after purchasing an additional 171 shares during the period. R Squared Ltd bought a new position in shares of Brinker International during the 4th quarter valued at about $83,000. SBI Securities Co. Ltd. acquired a new position in shares of Brinker International in the 4th quarter valued at approximately $126,000. Finally, Daiwa Securities Group Inc. bought a new stake in Brinker International during the 4th quarter worth approximately $146,000.

Insider Activity at Brinker International

In other news, COO Douglas N. Comings sold 7,500 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief operating officer now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $1,089,963.72. Following the completion of the sale, the director now owns 11,107 shares of the company’s stock, valued at $2,086,561.02. This trade represents a 34.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,802 shares of company stock worth $3,752,464 in the last ninety days. 1.72% of the stock is owned by company insiders.

Brinker International Trading Up 2.5 %

EAT stock opened at $157.93 on Wednesday. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 0.49 and a beta of 2.56. The company has a fifty day moving average price of $156.18 and a two-hundred day moving average price of $125.74. Brinker International, Inc. has a one year low of $43.37 and a one year high of $192.22. 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 announced its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. Equities analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EAT shares. The Goldman Sachs Group lifted their price target on shares of Brinker International from $162.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. UBS Group upped their target price on shares of Brinker International from $108.00 to $146.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Morgan Stanley upgraded Brinker International from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $70.00 to $115.00 in a report on Friday, December 20th. Argus upgraded Brinker International from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Tuesday, December 24th. Finally, JPMorgan Chase & Co. increased their price objective on Brinker International from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $140.18.

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.