First National Bank of Omaha continued to hold its stake in Brinker International, Inc. (NYSE:EAT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,680 shares of the restaurant operator’s stock at the end of the second quarter. First National Bank of Omaha’s holdings in Brinker International were worth $2,079,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the company. LS Investment Advisors LLC increased its stake in Brinker International by 14.2% in the second quarter. LS Investment Advisors LLC now owns 4,689 shares of the restaurant operator’s stock valued at $179,000 after buying an additional 582 shares in the last quarter. Kernodle & Katon Asset Management Group LLC increased its stake in Brinker International by 0.4% in the first quarter. Kernodle & Katon Asset Management Group LLC now owns 4,864 shares of the restaurant operator’s stock valued at $214,000 after buying an additional 17 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Brinker International by 0.3% in the first quarter. Eqis Capital Management Inc. now owns 6,393 shares of the restaurant operator’s stock valued at $281,000 after buying an additional 18 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in Brinker International during the first quarter valued at about $286,000. Finally, Creative Planning increased its stake in Brinker International by 2.7% in the first quarter. Creative Planning now owns 6,843 shares of the restaurant operator’s stock valued at $301,000 after buying an additional 180 shares in the last quarter.
Shares of Brinker International, Inc. (NYSE:EAT) traded down 0.11% during trading on Friday, reaching $36.13. 127,957 shares of the company were exchanged. The stock has a 50-day moving average of $38.38 and a 200 day moving average of $42.35. Brinker International, Inc. has a 52-week low of $35.61 and a 52-week high of $55.84. The stock has a market capitalization of $1.77 billion, a P/E ratio of 11.80 and a beta of 0.27.
Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.09. The company had revenue of $810.60 million during the quarter, compared to analysts’ expectations of $817.50 million. Brinker International had a negative return on equity of 39.89% and a net margin of 5.05%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. On average, equities analysts anticipate that Brinker International, Inc. will post $3.14 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Monday, June 12th were issued a $0.34 dividend. The ex-dividend date was Thursday, June 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.76%. Brinker International’s dividend payout ratio is 44.16%.
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Several research analysts have recently weighed in on EAT shares. Barclays PLC decreased their target price on shares of Brinker International from $47.00 to $44.00 and set an “equal weight” rating for the company in a research note on Wednesday. ValuEngine downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Brinker International from a “hold” rating to a “strong sell” rating in a research note on Friday. Telsey Advisory Group decreased their target price on shares of Brinker International from $49.00 to $40.00 and set a “market perform” rating for the company in a research note on Monday. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $49.00 target price on shares of Brinker International in a research note on Thursday, April 20th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $47.92.
In related news, EVP Steve Provost sold 2,750 shares of Brinker International stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $44.06, for a total value of $121,165.00. Following the completion of the transaction, the executive vice president now directly owns 29,780 shares of the company’s stock, valued at $1,312,106.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Roy Doyle sold 7,182 shares of Brinker International stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $44.41, for a total value of $318,952.62. Following the completion of the transaction, the senior vice president now directly owns 54,074 shares of the company’s stock, valued at $2,401,426.34. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.
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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