Brinker International, Inc. (NYSE:EAT) Stake Trimmed by AMJ Financial Wealth Management

AMJ Financial Wealth Management lessened its holdings in Brinker International, Inc. (NYSE:EAT) by 25.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,066 shares of the restaurant operator’s stock after selling 34,693 shares during the period. Brinker International makes up approximately 3.7% of AMJ Financial Wealth Management’s portfolio, making the stock its largest position. AMJ Financial Wealth Management’s holdings in Brinker International were worth $13,370,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EAT. US Bancorp DE raised its stake in shares of Brinker International by 494.7% in the third quarter. US Bancorp DE now owns 8,682 shares of the restaurant operator’s stock valued at $664,000 after acquiring an additional 7,222 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Brinker International in the 3rd quarter valued at about $2,273,000. Radnor Capital Management LLC purchased a new position in shares of Brinker International in the 3rd quarter valued at about $341,000. Principal Financial Group Inc. lifted its stake in Brinker International by 23.5% in the third quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator’s stock worth $20,879,000 after acquiring an additional 51,927 shares during the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in shares of Brinker International during the third quarter worth $1,749,000.

Analyst Ratings Changes

EAT has been the topic of several recent analyst reports. UBS Group increased their price target on shares of Brinker International from $108.00 to $146.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Barclays lifted their price target on Brinker International from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. KeyCorp downgraded Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price objective for the company. in a report on Friday, January 24th. Stifel Nicolaus lifted their target price on shares of Brinker International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, BMO Capital Markets increased their price target on shares of Brinker International from $105.00 to $125.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Fourteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $140.18.

Insiders Place Their Bets

In related news, Director Cindy L. Davis sold 5,802 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $187.86, for a total value of $1,089,963.72. Following the completion of the sale, the director now owns 11,107 shares in the company, valued at $2,086,561.02. This trade represents a 34.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Douglas N. Comings sold 7,500 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the sale, the chief operating officer now directly owns 34,252 shares in the company, valued at approximately $6,435,950.80. This represents a 17.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,802 shares of company stock worth $3,752,464. Corporate insiders own 1.72% of the company’s stock.

Brinker International Price Performance

Shares of NYSE:EAT opened at $157.49 on Tuesday. Brinker International, Inc. has a 52 week low of $43.37 and a 52 week high of $192.21. The company has a 50-day moving average price of $154.00 and a 200 day moving average price of $117.38. The company has a market cap of $6.99 billion, a P/E ratio of 27.29, a PEG ratio of 0.49 and a beta of 2.54. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96.

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

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.