SG Americas Securities LLC boosted its position in Brinker International, Inc. (NYSE:EAT) by 42.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,852 shares of the restaurant operator’s stock after purchasing an additional 15,038 shares during the quarter. SG Americas Securities LLC owned about 0.11% of Brinker International worth $1,975,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EAT. BlackRock Inc. increased its stake in shares of Brinker International by 27.8% in the 2nd quarter. BlackRock Inc. now owns 5,080,271 shares of the restaurant operator’s stock worth $193,557,000 after acquiring an additional 1,104,999 shares during the last quarter. Profund Advisors LLC increased its stake in shares of Brinker International by 0.8% in the 2nd quarter. Profund Advisors LLC now owns 6,849 shares of the restaurant operator’s stock worth $261,000 after acquiring an additional 57 shares during the last quarter. ProShare Advisors LLC acquired a new stake in shares of Brinker International in the 2nd quarter worth $306,000. Thrivent Financial For Lutherans increased its stake in shares of Brinker International by 7.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 9,925 shares of the restaurant operator’s stock worth $378,000 after acquiring an additional 680 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Brinker International by 53.3% in the 2nd quarter. Northern Trust Corp now owns 900,009 shares of the restaurant operator’s stock worth $34,291,000 after acquiring an additional 312,928 shares during the last quarter.
Brinker International, Inc. (NYSE:EAT) traded up $0.82 during midday trading on Wednesday, hitting $33.95. The stock had a trading volume of 714,307 shares, compared to its average volume of 1,812,795. The stock has a market cap of $1,540.00, a PE ratio of 12.80, a PEG ratio of 0.72 and a beta of 0.12. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of -2.47. Brinker International, Inc. has a fifty-two week low of $29.50 and a fifty-two week high of $45.81.
Brinker International (NYSE:EAT) last announced its earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. Brinker International had a negative return on equity of 30.98% and a net margin of 4.10%. The company had revenue of $766.40 million during the quarter, compared to analysts’ expectations of $773.84 million. During the same period last year, the business posted $0.71 EPS. Brinker International’s revenue for the quarter was down .6% on a year-over-year basis. analysts expect that Brinker International, Inc. will post 3.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 9th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Thursday, March 8th. Brinker International’s dividend payout ratio (DPR) is 58.02%.
In other news, Director Andres Tinajero sold 200,000 shares of Brinker International stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $0.57, for a total value of $114,000.00. Also, insider Wyman Roberts sold 33,683 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $37.88, for a total value of $1,275,912.04. Following the sale, the insider now directly owns 137,572 shares in the company, valued at approximately $5,211,227.36. The disclosure for this sale can be found here. Company insiders own 1.91% of the company’s stock.
EAT has been the subject of a number of recent research reports. Zacks Investment Research downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Canaccord Genuity reaffirmed a “hold” rating and issued a $40.00 target price on shares of Brinker International in a research note on Thursday, December 21st. BMO Capital Markets reaffirmed a “hold” rating on shares of Brinker International in a research note on Monday, November 6th. Maxim Group reaffirmed a “buy” rating and issued a $49.00 target price on shares of Brinker International in a research note on Thursday, November 2nd. Finally, Barclays lowered their price target on Brinker International from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $41.08.
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Brinker International Profile
Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.
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