Versor Investments LP Sells 1,958 Shares of Brinker International, Inc. (NYSE:EAT)

Versor Investments LP lessened its position in Brinker International, Inc. (NYSE:EAT) by 21.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,262 shares of the restaurant operator’s stock after selling 1,958 shares during the period. Versor Investments LP’s holdings in Brinker International were worth $961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EAT. Hennessy Advisors Inc. bought a new position in shares of Brinker International in the fourth quarter worth approximately $81,888,000. Assenagon Asset Management S.A. lifted its stake in shares of Brinker International by 2,612.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator’s stock worth $77,865,000 after buying an additional 566,894 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Brinker International by 1,145.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 416,044 shares of the restaurant operator’s stock worth $55,038,000 after buying an additional 382,633 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Brinker International by 55.1% in the third quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator’s stock worth $47,351,000 after buying an additional 219,836 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Brinker International in the third quarter worth approximately $14,611,000.

Insider Buying and Selling at Brinker International

In other news, Director Cindy L. Davis sold 5,802 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 11,107 shares of the company’s stock, valued at $2,086,561.02. This represents a 34.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Douglas N. Comings sold 7,500 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $187.90, for a total value of $1,409,250.00. Following the completion of the transaction, the chief operating officer now directly owns 34,252 shares of the company’s stock, valued at approximately $6,435,950.80. This trade represents a 17.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,802 shares of company stock valued at $3,752,464. Company insiders own 1.72% of the company’s stock.

Brinker International Stock Performance

NYSE:EAT opened at $155.78 on Friday. The stock has a 50-day simple moving average of $152.90 and a two-hundred day simple moving average of $115.38. Brinker International, Inc. has a 52-week low of $43.37 and a 52-week high of $192.21. The company has a debt-to-equity ratio of 4.96, a quick ratio of 0.27 and a current ratio of 0.33. The firm has a market capitalization of $6.92 billion, a PE ratio of 27.00, a P/E/G ratio of 0.49 and a beta of 2.54.

Brinker International (NYSE:EAT) last released its quarterly earnings results 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%. Analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EAT shares. Piper Sandler upped their target price on shares of Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wedbush boosted their price objective on shares of Brinker International from $140.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Wells Fargo & Company boosted their price objective on shares of Brinker International from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. KeyCorp cut shares of 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. Finally, Citigroup boosted their price objective on shares of Brinker International from $166.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.