Tyvor Capital LLC Raises Holdings in Brinker International (EAT)

Tyvor Capital LLC grew its position in Brinker International (NYSE:EAT) by 131.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 301,474 shares of the restaurant operator’s stock after purchasing an additional 171,474 shares during the quarter. Brinker International makes up 2.1% of Tyvor Capital LLC’s portfolio, making the stock its 15th biggest position. Tyvor Capital LLC’s holdings in Brinker International were worth $10,883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EAT. Nisa Investment Advisors LLC lifted its stake in shares of Brinker International by 8.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 44,850 shares of the restaurant operator’s stock worth $1,742,000 after purchasing an additional 3,650 shares during the last quarter. Creative Planning lifted its stake in shares of Brinker International by 25.1% during the 4th quarter. Creative Planning now owns 8,750 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 1,755 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Brinker International by 42.0% during the 4th quarter. SG Americas Securities LLC now owns 50,852 shares of the restaurant operator’s stock worth $1,975,000 after purchasing an additional 15,038 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Brinker International by 22.6% during the 4th quarter. Jennison Associates LLC now owns 27,428 shares of the restaurant operator’s stock worth $1,065,000 after purchasing an additional 5,059 shares during the last quarter. Finally, Foundry Partners LLC lifted its stake in shares of Brinker International by 42.9% during the 4th quarter. Foundry Partners LLC now owns 10,220 shares of the restaurant operator’s stock worth $397,000 after purchasing an additional 3,070 shares during the last quarter.

Shares of Brinker International opened at $43.44 on Monday, MarketBeat.com reports. Brinker International has a 1 year low of $29.50 and a 1 year high of $47.04. The stock has a market cap of $1.91 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 1.13 and a beta of 0.02. The company has a current ratio of 0.32, a quick ratio of 0.27 and a debt-to-equity ratio of -2.24.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Tuesday, May 1st. The restaurant operator reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $812.53 million for the quarter, compared to analyst estimates of $806.72 million. Brinker International had a negative return on equity of 30.02% and a net margin of 4.24%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 earnings per share. research analysts expect that Brinker International will post 3.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Friday, June 8th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, June 7th. Brinker International’s dividend payout ratio is presently 47.50%.

EAT has been the topic of several recent analyst reports. TheStreet raised Brinker International from a “c” rating to a “b-” rating in a research report on Wednesday, May 16th. Citigroup upped their target price on Brinker International from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research raised Brinker International from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, April 3rd. Maxim Group reaffirmed a “buy” rating and set a $52.00 target price (up from $49.00) on shares of Brinker International in a research report on Thursday, January 25th. Finally, Barclays reduced their target price on Brinker International from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. Brinker International has an average rating of “Hold” and a consensus target price of $44.92.

Brinker International Profile

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name.

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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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