Arrowstreet Capital Limited Partnership Has $122.42 Million Holdings in Brinker International, Inc. (NYSE:EAT)

Arrowstreet Capital Limited Partnership lowered its position in shares of Brinker International, Inc. (NYSE:EAT) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 925,396 shares of the restaurant operator’s stock after selling 130,519 shares during the quarter. Arrowstreet Capital Limited Partnership owned 2.08% of Brinker International worth $122,421,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC increased its position in shares of Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. 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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Brinker International from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Tuesday, December 24th. Citigroup boosted their price target on Brinker International from $166.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Wedbush increased their price objective on Brinker International from $140.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, The Goldman Sachs Group boosted their target price on Brinker International from $162.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $140.18.

Brinker International Stock Down 4.4 %

Shares of EAT stock opened at $147.58 on Monday. Brinker International, Inc. has a 52-week low of $43.37 and a 52-week high of $192.22. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 0.49 and a beta of 2.56. The firm’s 50-day moving average is $156.67 and its 200-day moving average is $127.46. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. Sell-side analysts predict that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Buying and Selling at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 7,500 shares of the 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 transaction, the chief operating officer now directly owns 34,252 shares of the company’s stock, valued at $6,435,950.80. This represents a 17.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cindy L. Davis sold 5,802 shares of the business’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 sale, the director now owns 11,107 shares of the company’s stock, valued at approximately $2,086,561.02. This 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 valued at $3,752,464 in the last quarter. 1.72% of the stock is currently owned by insiders.

Brinker International Company 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.