Quantitative Systematic Strategies LLC bought a new position in Brinker International, Inc. (NYSE:EAT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 6,184 shares of the restaurant operator’s stock, valued at approximately $240,000.
A number of other institutional investors also recently made changes to their positions in the stock. Vident Investment Advisory LLC bought a new stake in Brinker International during the third quarter valued at about $221,000. Eqis Capital Management Inc. bought a new stake in Brinker International during the fourth quarter valued at about $227,000. Nomura Holdings Inc. bought a new stake in Brinker International during the second quarter valued at about $262,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Brinker International by 28.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,994 shares of the restaurant operator’s stock valued at $286,000 after acquiring an additional 1,988 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in Brinker International during the third quarter valued at about $296,000.
A number of equities research analysts have commented on EAT shares. Zacks Investment Research raised Brinker International from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Friday, January 12th. Telsey Advisory Group reissued a “market perform” rating and set a $39.00 price target (up from $37.00) on shares of Brinker International in a report on Wednesday, January 31st. BMO Capital Markets reissued a “hold” rating on shares of Brinker International in a report on Wednesday, January 31st. Maxim Group reissued a “buy” rating and set a $49.00 price target on shares of Brinker International in a report on Thursday, November 2nd. Finally, Barclays raised their price target on Brinker International from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $41.08.
Brinker International, Inc. (NYSE EAT) opened at $33.47 on Friday. The firm has a market capitalization of $1,551.23, a PE ratio of 12.77, a PEG ratio of 0.72 and a beta of 0.12. The company has a current ratio of 0.43, a quick ratio of 0.28 and a debt-to-equity ratio of -2.47. Brinker International, Inc. has a 12-month low of $29.50 and a 12-month high of $46.16.
Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, January 30th. The restaurant operator reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. The firm had revenue of $766.40 million during the quarter, compared to analyst estimates of $773.84 million. Brinker International had a negative return on equity of 30.98% and a net margin of 4.10%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. sell-side analysts forecast that Brinker International, Inc. will post 3.43 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 9th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.52 annualized dividend and a yield of 4.54%. Brinker International’s dividend payout ratio is currently 58.02%.
Brinker International Profile
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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