BlackRock Inc. lessened its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,996,635 shares of the restaurant operator’s stock after selling 233,452 shares during the period. BlackRock Inc. owned approximately 10.78% of Brinker International worth $194,067,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in EAT. Nationwide Fund Advisors lifted its holdings in shares of Brinker International by 5.2% during the 3rd quarter. Nationwide Fund Advisors now owns 136,913 shares of the restaurant operator’s stock valued at $4,362,000 after purchasing an additional 6,749 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Brinker International by 55.6% during the 3rd quarter. Victory Capital Management Inc. now owns 22,865 shares of the restaurant operator’s stock valued at $728,000 after purchasing an additional 8,168 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Brinker International by 626.6% during the 3rd quarter. Prudential Financial Inc. now owns 498,154 shares of the restaurant operator’s stock valued at $15,872,000 after purchasing an additional 429,590 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Brinker International during the 3rd quarter valued at about $713,000. Finally, BNP Paribas Arbitrage SA raised its position in Brinker International by 48.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 163,600 shares of the restaurant operator’s stock valued at $5,212,000 after buying an additional 53,717 shares during the last quarter.
Brinker International, Inc. (NYSE EAT) opened at $37.56 on Friday. The firm has a market capitalization of $1,725.97, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 0.99 and a beta of 0.17. Brinker International, Inc. has a 1 year low of $29.50 and a 1 year high of $45.81. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.38 and a current ratio of 0.43.
Brinker International (NYSE:EAT) last posted its quarterly earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.15. The firm had revenue of $766.40 million for the quarter, compared to analyst estimates of $773.84 million. Brinker International had a negative return on equity of 30.98% and a net margin of 4.10%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. sell-side analysts forecast that Brinker International, Inc. will post 3.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 9th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Thursday, March 8th. Brinker International’s dividend payout ratio (DPR) is 58.02%.
In other Brinker International news, Director Andres Tinajero sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $0.57, for a total transaction of $114,000.00. Also, VP Michaela M. Ware sold 830 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $34.08, for a total value of $28,286.40. Following the transaction, the vice president now directly owns 8,181 shares in the company, valued at approximately $278,808.48. The disclosure for this sale can be found here. 1.91% of the stock is owned by insiders.
A number of brokerages recently issued reports on EAT. Zacks Investment Research lowered Brinker International from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. BMO Capital Markets reissued a “hold” rating on shares of Brinker International in a research report on Wednesday, January 31st. Telsey Advisory Group reissued a “market perform” rating and issued a $39.00 target price (up previously from $37.00) on shares of Brinker International in a research report on Wednesday, January 31st. Royal Bank of Canada reissued a “hold” rating and issued a $40.00 target price on shares of Brinker International in a research report on Wednesday, January 31st. Finally, Barclays lifted their target price on Brinker International from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average 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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