Parametrica Management Ltd Sells 965 Shares of Brinker International, Inc. (NYSE:EAT)

Parametrica Management Ltd decreased its position in shares of Brinker International, Inc. (NYSE:EAT) by 35.3% during the 4th quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wolff Wiese Magana LLC lifted its stake 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 purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 worth $41,000 after buying an additional 171 shares in the last quarter. R Squared Ltd bought a new stake in shares of Brinker International during the 4th quarter worth $83,000. SBI Securities Co. Ltd. acquired a new stake in Brinker International in the fourth quarter valued at about $126,000. Finally, Daiwa Securities Group Inc. bought a new position in Brinker International in the fourth quarter valued at about $146,000.

Brinker International Trading Up 2.5 %

NYSE:EAT opened at $157.93 on Wednesday. The firm has a fifty day simple moving average of $156.18 and a two-hundred day simple moving average of $125.74. Brinker International, Inc. has a 12 month low of $43.37 and a 12 month high of $192.22. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 0.49 and a beta of 2.56. 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 issued its 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 return on equity of 879.47% and a net margin of 5.45%. Analysts expect that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EAT. JPMorgan Chase & Co. raised their price target on shares of Brinker International from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Argus upgraded Brinker International from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Tuesday, December 24th. KeyCorp lowered Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price target on the stock. in a research note on Friday, January 24th. Barclays lifted their target price on shares of Brinker International from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group upped their price target on shares of Brinker International from $162.00 to $208.00 and gave the company a “buy” rating in a research 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. According to MarketBeat.com, Brinker International has an average rating of “Hold” and a consensus price target of $140.18.

Insider Activity

In other Brinker International news, COO Douglas N. Comings sold 7,500 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $187.90, for a total transaction of $1,409,250.00. Following the completion of the sale, the chief operating officer now owns 34,252 shares in the company, valued at approximately $6,435,950.80. The trade was a 17.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Cindy L. Davis sold 5,802 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $187.86, for a total transaction of $1,089,963.72. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders sold a total of 20,802 shares of company stock worth $3,752,464 over the last quarter. 1.72% of the stock is currently owned by corporate insiders.

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.