A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Brinker International by 0.9% in the second quarter. Vanguard Group Inc. now owns 4,600,662 shares of the company’s stock worth $209,468,000 after buying an additional 42,116 shares during the last quarter. Capital Research Global Investors raised its position in shares of Brinker International by 1.7% in the third quarter. Capital Research Global Investors now owns 2,041,500 shares of the company’s stock worth $102,953,000 after buying an additional 34,000 shares during the period. BlackRock Fund Advisors raised its position in shares of Brinker International by 2.7% in the third quarter. BlackRock Fund Advisors now owns 2,029,429 shares of the company’s stock worth $102,344,000 after buying an additional 53,958 shares during the period. Cooke & Bieler LP raised its position in shares of Brinker International by 25.5% in the second quarter. Cooke & Bieler LP now owns 1,350,420 shares of the company’s stock worth $61,485,000 after buying an additional 274,438 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Brinker International by 88.4% in the third quarter. Schroder Investment Management Group now owns 1,144,702 shares of the company’s stock worth $57,728,000 after buying an additional 537,100 shares during the period.
Boston Private Wealth LLC increased its position in shares of Brinker International, Inc. (NYSE:EAT) by 14.7% during the third quarter, Holdings Channel reports. The fund owned 9,847 shares of the company’s stock after buying an additional 1,265 shares during the period. Boston Private Wealth LLC’s holdings in Brinker International were worth $497,000 at the end of the most recent reporting period.
Shares of Brinker International, Inc. (NYSE:EAT) traded up 2.10% on Thursday, hitting $45.27. The company had a trading volume of 1,750,114 shares. The firm has a market capitalization of $2.21 billion, a P/E ratio of 14.02 and a beta of 0.23. Brinker International, Inc. has a 12-month low of $43.18 and a 12-month high of $55.84. The firm has a 50 day moving average of $46.75 and a 200-day moving average of $50.28.
Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, January 25th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by $0.03. Brinker International had a net margin of 5.49% and a negative return on equity of 49.35%. The company earned $771 million during the quarter, compared to the consensus estimate of $792.60 million. During the same quarter in the prior year, the company posted $0.78 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities analysts predict that Brinker International, Inc. will post $3.11 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Friday, March 10th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.00%. Brinker International’s dividend payout ratio (DPR) is currently 42.24%.
A number of research analysts have recently commented on EAT shares. Zacks Investment Research lowered Brinker International from a “hold” rating to a “sell” rating in a report on Wednesday, January 18th. BMO Capital Markets lowered Brinker International from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $46.00 to $45.00 in a report on Thursday, December 15th. They noted that the move was a valuation call. Morgan Stanley lowered Brinker International from an “equal weight” rating to an “underweight” rating and set a $47.00 price target on the stock. in a report on Tuesday, January 17th. Sanford C. Bernstein reissued a “market perform” rating and set a $54.00 price target on shares of Brinker International in a report on Wednesday, December 7th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $45.00 target price on shares of Brinker International in a report on Thursday, December 15th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company. Brinker International currently has a consensus rating of “Hold” and a consensus target price of $52.27.
In other Brinker International news, insider Steve Provost sold 9,728 shares of the stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $53.91, for a total value of $524,436.48. Following the completion of the sale, the insider now directly owns 13,372 shares in the company, valued at $720,884.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.76% of the stock is owned by corporate insiders.
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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