Brinker International, Inc. (NYSE:EAT) Shares Sold by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP lessened its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 47.7% in the 4th quarter, Holdings Channel reports. The fund owned 8,223 shares of the restaurant operator’s stock after selling 7,489 shares during the quarter. Wakefield Asset Management LLLP’s holdings in Brinker International were worth $1,088,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EAT. Wolff Wiese Magana LLC lifted its position in Brinker International by 100.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock worth $26,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Brinker International by 123.9% during the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 171 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Brinker International in the fourth quarter valued at about $83,000. Truist Financial Corp purchased a new stake in shares of Brinker International in the fourth quarter valued at about $206,000. Finally, Parametrica Management Ltd purchased a new position in Brinker International during the third quarter worth about $209,000.

Brinker International Price Performance

Shares of EAT opened at $155.78 on Friday. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 0.49 and a beta of 2.54. The firm’s fifty day simple moving average is $152.90 and its 200-day simple moving average is $115.38. Brinker International, Inc. has a twelve month low of $43.37 and a twelve month high of $192.21. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96.

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 the consensus estimate 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 forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Insider Buying and Selling at Brinker International

In related news, COO Douglas N. Comings sold 7,500 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $167.10, for a total value of $1,253,250.00. Following the transaction, the chief operating officer now owns 26,752 shares in the company, valued at $4,470,259.20. The trade was a 21.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Cindy L. Davis sold 5,802 shares of the 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 directly owns 11,107 shares of the company’s stock, valued at $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,802 shares of company stock worth $3,752,464. 1.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EAT shares. Wedbush raised their price target on shares of Brinker International from $140.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Citigroup upped their price target on Brinker International from $166.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Northcoast Research upgraded shares of Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a report on Thursday, January 30th. StockNews.com raised shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Finally, Piper Sandler boosted their price target on shares of Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Brinker International has an average rating of “Hold” and an average target price of $140.18.

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.