Tdam USA Inc. boosted its position in Brinker International, Inc. (NYSE:EAT) by 20.6% during the first quarter, Holdings Channel reports. The institutional investor owned 6,743 shares of the restaurant operator’s stock after acquiring an additional 1,153 shares during the quarter. Tdam USA Inc.’s holdings in Brinker International were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in Brinker International by 9.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,585,170 shares of the restaurant operator’s stock valued at $114,731,000 after buying an additional 228,830 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Brinker International by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,326,114 shares of the restaurant operator’s stock valued at $58,322,000 after purchasing an additional 16,133 shares during the period. Bessemer Group Inc. boosted its holdings in Brinker International by 26.1% in the 4th quarter. Bessemer Group Inc. now owns 973,223 shares of the restaurant operator’s stock valued at $42,802,000 after purchasing an additional 201,431 shares during the period. Norges Bank bought a new stake in Brinker International in the 4th quarter valued at $28,030,000. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in Brinker International by 13.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 494,923 shares of the restaurant operator’s stock valued at $21,767,000 after purchasing an additional 57,138 shares during the period.
A number of brokerages have weighed in on EAT. ValuEngine raised shares of Brinker International from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Maxim Group reissued a “buy” rating on shares of Brinker International in a report on Wednesday, April 24th. UBS Group began coverage on shares of Brinker International in a report on Friday, April 26th. They issued a “sell” rating and a $39.00 price target for the company. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $53.00 price target on shares of Brinker International in a report on Wednesday, January 30th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $45.69.
In other Brinker International news, EVP Kelly C. Baltes acquired 800 shares of Brinker International stock in a transaction dated Wednesday, May 8th. The stock was bought at an average cost of $42.05 per share, with a total value of $33,640.00. Following the acquisition, the executive vice president now owns 13,134 shares of the company’s stock, valued at $552,284.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.72% of the stock is currently owned by company insiders.
Shares of NYSE:EAT traded down $0.76 during midday trading on Wednesday, reaching $41.77. 3,418 shares of the company’s stock were exchanged, compared to its average volume of 1,089,066. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.28 and a beta of 0.11. Brinker International, Inc. has a 12 month low of $40.29 and a 12 month high of $54.14.
Brinker International (NYSE:EAT) last released its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.06. The company had revenue of $839.30 million during the quarter, compared to the consensus estimate of $831.16 million. Brinker International had a net margin of 4.75% and a negative return on equity of 19.10%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.08 EPS. As a group, equities research analysts predict that Brinker International, Inc. will post 3.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Thursday, June 6th. Brinker International’s payout ratio is 43.43%.
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About Brinker International
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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