Caxton Associates LP lifted its stake in Brinker International, Inc. (NYSE:EAT) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,026 shares of the restaurant operator’s stock after buying an additional 1,926 shares during the period. Caxton Associates LP’s holdings in Brinker International were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of Brinker International by 10.4% in the second quarter. Royal Bank of Canada now owns 9,573 shares of the restaurant operator’s stock valued at $364,000 after buying an additional 899 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Brinker International by 6.5% in the fourth quarter. Victory Capital Management Inc. now owns 24,341 shares of the restaurant operator’s stock valued at $945,000 after buying an additional 1,476 shares during the period. Edmp Inc. boosted its stake in shares of Brinker International by 16.8% in the fourth quarter. Edmp Inc. now owns 11,155 shares of the restaurant operator’s stock valued at $424,000 after buying an additional 1,605 shares during the period. TD Asset Management Inc. boosted its stake in shares of Brinker International by 2.7% in the third quarter. TD Asset Management Inc. now owns 61,372 shares of the restaurant operator’s stock valued at $1,955,000 after buying an additional 1,638 shares during the period. Finally, Commonwealth Equity Services Inc boosted its stake in shares of Brinker International by 2.6% in the third quarter. Commonwealth Equity Services Inc now owns 66,965 shares of the restaurant operator’s stock valued at $2,133,000 after buying an additional 1,698 shares during the period.
Several brokerages recently issued reports on EAT. ValuEngine cut Brinker International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Maxim Group reiterated a “buy” rating and issued a $52.00 price target (up from $49.00) on shares of Brinker International in a research note on Thursday, January 25th. Barclays cut their price target on Brinker International from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. Citigroup boosted their price target on Brinker International from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada restated a “hold” rating and set a $40.00 target price on shares of Brinker International in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. Brinker International currently has an average rating of “Hold” and a consensus target price of $41.08.
Brinker International, Inc. (NYSE:EAT) traded up $0.60 during midday trading on Tuesday, reaching $38.05. The company’s stock had a trading volume of 87,099 shares, compared to its average volume of 1,696,785. The company has a quick ratio of 0.38, a current ratio of 0.43 and a debt-to-equity ratio of -2.47. Brinker International, Inc. has a 12-month low of $29.50 and a 12-month high of $45.81. The company has a market capitalization of $1,740.80, a PE ratio of 14.29, a PEG ratio of 1.00 and a beta of 0.17.
Brinker International (NYSE:EAT) last announced its quarterly earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.15. The company had revenue of $766.40 million during the quarter, compared to the consensus estimate of $773.84 million. Brinker International had a net margin of 4.10% and a negative return on equity of 30.98%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. equities research analysts expect that Brinker International, Inc. will post 3.44 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.99%. Brinker International’s dividend payout ratio (DPR) is presently 58.02%.
In other news, VP Michaela M. Ware sold 830 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $34.08, for a total transaction of $28,286.40. Following the completion of the transaction, the vice president now directly owns 8,181 shares in the company, valued at $278,808.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andres Tinajero sold 200,000 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $0.57, for a total transaction of $114,000.00. 1.91% of the stock is currently owned by corporate insiders.
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About Brinker International
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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