New York State Common Retirement Fund lessened its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 12.0% during the first quarter, HoldingsChannel.com reports. The fund owned 43,264 shares of the restaurant operator’s stock after selling 5,900 shares during the period. New York State Common Retirement Fund’s holdings in Brinker International were worth $1,920,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Macquarie Group Ltd. grew its holdings in Brinker International by 0.9% during the fourth quarter. Macquarie Group Ltd. now owns 33,600 shares of the restaurant operator’s stock worth $1,478,000 after acquiring an additional 300 shares during the period. Great West Life Assurance Co. Can grew its holdings in Brinker International by 2.0% during the fourth quarter. Great West Life Assurance Co. Can now owns 24,408 shares of the restaurant operator’s stock worth $996,000 after acquiring an additional 478 shares during the period. Stone Ridge Asset Management LLC grew its holdings in Brinker International by 3.3% during the fourth quarter. Stone Ridge Asset Management LLC now owns 16,015 shares of the restaurant operator’s stock worth $704,000 after acquiring an additional 515 shares during the period. Alpha Windward LLC grew its holdings in Brinker International by 6.1% during the first quarter. Alpha Windward LLC now owns 10,440 shares of the restaurant operator’s stock worth $463,000 after acquiring an additional 600 shares during the period. Finally, Dupont Capital Management Corp grew its holdings in Brinker International by 2.0% during the first quarter. Dupont Capital Management Corp now owns 34,343 shares of the restaurant operator’s stock worth $1,524,000 after acquiring an additional 676 shares during the period.
EAT opened at $40.15 on Friday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.27 and a beta of 0.24. Brinker International, Inc. has a one year low of $36.82 and a one year high of $54.14.
Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.06. The company had revenue of $839.30 million for the quarter, compared to the consensus estimate of $831.16 million. Brinker International had a negative return on equity of 19.10% and a net margin of 4.75%. Brinker International’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 earnings per share. As a group, equities analysts predict that Brinker International, Inc. will post 3.93 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 7th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.52 annualized dividend and a dividend yield of 3.79%. Brinker International’s dividend payout ratio is currently 43.43%.
In related news, EVP Kelly C. Baltes acquired 800 shares of Brinker International stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $42.05 per share, for a total transaction of $33,640.00. Following the completion of the transaction, the executive vice president now directly owns 13,134 shares of the company’s stock, valued at $552,284.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.72% of the stock is owned by corporate insiders.
A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine raised Brinker International from a “sell” rating to a “hold” rating in a report on Wednesday, May 22nd. Evercore ISI started coverage on Brinker International in a report on Tuesday. They set an “in-line” rating and a $40.00 price objective on the stock. UBS Group upgraded Brinker International from a “sell” rating to a “neutral” rating and set a $39.00 target price on the stock in a research report on Monday, June 3rd. Finally, Telsey Advisory Group upgraded Brinker International from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $44.86.
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Brinker International Company 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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