SG Americas Securities LLC boosted its position in shares of Brinker International, Inc. (NYSE:EAT) by 83.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,636 shares of the restaurant operator’s stock after buying an additional 12,108 shares during the quarter. SG Americas Securities LLC’s holdings in Brinker International were worth $1,245,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in EAT. James Investment Research Inc. lifted its holdings in shares of Brinker International by 2.5% during the third quarter. James Investment Research Inc. now owns 61,169 shares of the restaurant operator’s stock valued at $2,858,000 after purchasing an additional 1,519 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of Brinker International by 1.0% during the second quarter. Martingale Asset Management L P now owns 156,960 shares of the restaurant operator’s stock valued at $7,472,000 after purchasing an additional 1,595 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Brinker International by 11.2% during the third quarter. Victory Capital Management Inc. now owns 21,392 shares of the restaurant operator’s stock valued at $1,000,000 after purchasing an additional 2,147 shares during the last quarter. FMR LLC lifted its holdings in shares of Brinker International by 0.6% during the second quarter. FMR LLC now owns 401,477 shares of the restaurant operator’s stock valued at $19,110,000 after purchasing an additional 2,544 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Brinker International during the third quarter valued at $138,000.
In other news, SVP Wade Allen sold 1,998 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $45.13, for a total transaction of $90,169.74. Following the completion of the sale, the senior vice president now directly owns 8,479 shares of the company’s stock, valued at approximately $382,657.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wyman Roberts sold 35,478 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $47.55, for a total value of $1,686,978.90. Following the sale, the insider now directly owns 149,991 shares of the company’s stock, valued at $7,132,072.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,539 shares of company stock valued at $2,692,195. Company insiders own 2.72% of the company’s stock.
Shares of Brinker International stock opened at $49.51 on Friday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 1.51 and a beta of 0.02. Brinker International, Inc. has a 1 year low of $32.03 and a 1 year high of $54.14.
Brinker International (NYSE:EAT) last announced its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The firm had revenue of $753.80 million during the quarter, compared to the consensus estimate of $756.40 million. Brinker International had a negative return on equity of 23.89% and a net margin of 4.52%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. As a group, analysts predict that Brinker International, Inc. will post 3.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Friday, December 7th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.07%. The ex-dividend date is Thursday, December 6th. Brinker International’s dividend payout ratio is currently 43.43%.
Several equities research analysts have recently commented on the company. Wells Fargo & Co upped their target price on Brinker International from $42.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, August 13th. ValuEngine raised Brinker International from a “hold” rating to a “buy” rating in a report on Wednesday, November 28th. Telsey Advisory Group reduced their target price on Brinker International from $52.00 to $49.00 and set a “market perform” rating for the company in a report on Friday, August 10th. Canaccord Genuity reduced their target price on Brinker International from $49.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, August 15th. Finally, Barclays reduced their target price on Brinker International from $50.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, November 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $46.06.
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Brinker International Profile
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.
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