Jackson Creek Investment Advisors LLC Sells 7,330 Shares of Brinker International, Inc. (NYSE:EAT)

Jackson Creek Investment Advisors LLC reduced its position in Brinker International, Inc. (NYSE:EAT) by 33.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,398 shares of the restaurant operator’s stock after selling 7,330 shares during the quarter. Brinker International makes up about 0.6% of Jackson Creek Investment Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Jackson Creek Investment Advisors LLC’s holdings in Brinker International were worth $1,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE lifted its stake in shares of Brinker International by 494.7% during the 3rd quarter. US Bancorp DE now owns 8,682 shares of the restaurant operator’s stock valued at $664,000 after buying an additional 7,222 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Brinker International in the third quarter valued at about $2,273,000. Radnor Capital Management LLC bought a new position in shares of Brinker International in the third quarter worth about $341,000. Principal Financial Group Inc. boosted its stake in shares of 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 period. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Brinker International during the third quarter worth about $1,749,000.

Insider Activity at Brinker International

In related news, COO Douglas N. Comings sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the completion of the sale, the chief operating officer now directly owns 26,752 shares of the company’s stock, valued at approximately $4,470,259.20. This trade represents a 21.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cindy L. Davis sold 5,802 shares of the business’s stock in a transaction on 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 transaction, the director now owns 11,107 shares of the company’s stock, valued at approximately $2,086,561.02. The trade was a 34.31 % 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. Insiders own 1.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EAT shares. KeyCorp downgraded Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price target for the company. in a research note on Friday, January 24th. Northcoast Research upgraded shares of Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Thursday, January 30th. The Goldman Sachs Group raised their target price on shares of Brinker International from $162.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. BMO Capital Markets boosted 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. Finally, Wedbush raised their price objective on Brinker International from $140.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Fourteen investment 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.com, Brinker International presently has a consensus rating of “Hold” and an average target price of $140.18.

Brinker International Stock Performance

NYSE EAT opened at $139.37 on Friday. The business’s 50 day moving average price is $154.56 and its 200-day moving average price is $118.22. Brinker International, Inc. has a fifty-two week low of $43.37 and a fifty-two week high of $192.22. The company has a market cap of $6.19 billion, a P/E ratio of 24.15, a P/E/G ratio of 0.49 and a beta of 2.56. 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 posted its quarterly earnings data 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 net margin of 5.45% and a return on equity of 879.47%. Sell-side analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current year.

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.