Brinker International, Inc. (NYSE:EAT) VP Michaela M. Ware sold 830 shares of Brinker International stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $34.08, for a total value of $28,286.40. Following the completion of the sale, the vice president now owns 8,181 shares of the company’s stock, valued at $278,808.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Brinker International, Inc. (EAT) traded down $1.17 on Friday, reaching $32.88. The company’s stock had a trading volume of 1,356,210 shares, compared to its average volume of 1,890,000. Brinker International, Inc. has a 52 week low of $29.50 and a 52 week high of $45.81. 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 $1,520.00, a price-to-earnings ratio of 11.70, a PEG ratio of 0.73 and a beta of 0.12.
Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $766.40 million for the quarter, compared to analyst estimates of $773.84 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company’s revenue was down .6% on a year-over-year basis. research analysts predict that Brinker International, Inc. will post 3.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.62%. Brinker International’s payout ratio is 54.09%.
Several hedge funds have recently modified their holdings of EAT. Franklin Resources Inc. grew its stake in shares of Brinker International by 2,316.6% during the fourth quarter. Franklin Resources Inc. now owns 2,544,700 shares of the restaurant operator’s stock worth $98,836,000 after acquiring an additional 2,439,400 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Brinker International by 16.4% during the third quarter. JPMorgan Chase & Co. now owns 5,154,891 shares of the restaurant operator’s stock worth $168,822,000 after acquiring an additional 726,427 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Brinker International by 189.5% during the fourth quarter. Schroder Investment Management Group now owns 1,017,687 shares of the restaurant operator’s stock worth $39,527,000 after acquiring an additional 666,156 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Brinker International during the fourth quarter worth about $25,492,000. Finally, Bessemer Group Inc. grew its stake in shares of Brinker International by 97.9% during the third quarter. Bessemer Group Inc. now owns 1,303,134 shares of the restaurant operator’s stock worth $41,518,000 after acquiring an additional 644,700 shares during the last quarter.
Several analysts recently weighed in on EAT shares. Canaccord Genuity restated a “hold” rating and issued a $40.00 price objective on shares of Brinker International in a report on Thursday, December 21st. BMO Capital Markets reiterated a “hold” rating on shares of Brinker International in a research note on Monday, November 6th. Barclays reiterated an “equal weight” rating and issued a $41.00 target price (up previously from $37.00) on shares of Brinker International in a research note on Tuesday, January 16th. Zacks Investment Research upgraded Brinker International from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Friday, January 12th. Finally, Maxim Group reiterated a “buy” rating and issued a $49.00 target price on shares of Brinker International in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.08.
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Brinker International Company 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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