Brinker International Sees Unusually High Options Volume (EAT)

Brinker International (NYSE:EAT) was the recipient of unusually large options trading on Wednesday. Investors acquired 4,194 call options on the stock. This is an increase of 1,655% compared to the typical volume of 239 call options.

Shares of EAT stock opened at $39.51 on Friday. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.43 and a quick ratio of 0.38. The stock has a market capitalization of $1,823.30, a PE ratio of 12.35, a P/E/G ratio of 1.05 and a beta of 0.06. Brinker International has a one year low of $29.50 and a one year high of $45.81.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. Brinker International had a negative return on equity of 30.98% and a net margin of 4.10%. The company had revenue of $766.40 million during the quarter, compared to analysts’ expectations of $773.84 million. During the same period in the prior year, the business posted $0.71 EPS. Brinker International’s revenue was down .6% on a year-over-year basis. sell-side analysts expect that Brinker International will post 3.44 earnings per share for the current fiscal year.



The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 9th were given a $0.38 dividend. The ex-dividend date was Thursday, March 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.85%. Brinker International’s dividend payout ratio is presently 47.50%.

Several analysts have weighed in on EAT shares. Canaccord Genuity reissued a “hold” rating and set a $40.00 price objective on shares of Brinker International in a report on Thursday, December 21st. Barclays reissued an “equal weight” rating and set a $41.00 price objective (up from $37.00) on shares of Brinker International in a report on Tuesday, January 16th. Zacks Investment Research cut Brinker International from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. ValuEngine cut Brinker International from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $40.00 price target on shares of Brinker International in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $41.00.

In other Brinker International news, VP Michaela M. Ware sold 830 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $34.08, for a total transaction of $28,286.40. Following the completion of the sale, the vice president now directly owns 8,181 shares of the company’s stock, valued at approximately $278,808.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.91% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of EAT. Russell Investments Group Ltd. grew its position in shares of Brinker International by 235.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 72,064 shares of the restaurant operator’s stock valued at $2,297,000 after purchasing an additional 50,599 shares during the period. Legal & General Group Plc grew its position in shares of Brinker International by 11.4% in the 3rd quarter. Legal & General Group Plc now owns 66,922 shares of the restaurant operator’s stock valued at $2,137,000 after purchasing an additional 6,841 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Brinker International by 10.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,323,378 shares of the restaurant operator’s stock valued at $42,164,000 after purchasing an additional 125,326 shares during the period. Vident Investment Advisory LLC acquired a new position in shares of Brinker International in the 3rd quarter valued at approximately $221,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Brinker International in the 3rd quarter valued at approximately $422,000.

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About Brinker International

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name.

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