Greenhouse Funds LLLP bought a new position in shares of Brinker International, Inc. (NYSE:EAT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 191,000 shares of the restaurant operator’s stock, valued at approximately $7,418,000. Brinker International comprises approximately 2.1% of Greenhouse Funds LLLP’s portfolio, making the stock its 17th biggest position. Greenhouse Funds LLLP owned approximately 0.41% of Brinker International at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in EAT. Royal Bank of Canada boosted its position in Brinker International by 10.4% during the second quarter. Royal Bank of Canada now owns 9,573 shares of the restaurant operator’s stock valued at $364,000 after buying an additional 899 shares during the period. Nationwide Fund Advisors raised its holdings in Brinker International by 5.2% during the third quarter. Nationwide Fund Advisors now owns 136,913 shares of the restaurant operator’s stock worth $4,362,000 after purchasing an additional 6,749 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Brinker International by 55.6% during the third quarter. Victory Capital Management Inc. now owns 22,865 shares of the restaurant operator’s stock worth $728,000 after purchasing an additional 8,168 shares in the last quarter. Prudential Financial Inc. raised its holdings in Brinker International by 626.6% during the third quarter. Prudential Financial Inc. now owns 498,154 shares of the restaurant operator’s stock worth $15,872,000 after purchasing an additional 429,590 shares in the last quarter. Finally, Keybank National Association OH acquired a new stake in Brinker International during the third quarter worth approximately $478,000.
Shares of EAT stock traded down $0.09 during mid-day trading on Wednesday, reaching $37.62. The company had a trading volume of 223,247 shares, compared to its average volume of 1,683,383. Brinker International, Inc. has a fifty-two week low of $29.50 and a fifty-two week high of $45.81. The company has a market capitalization of $1,735.70, a PE ratio of 14.37, a P/E/G ratio of 1.00 and a beta of 0.17. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.43 and a quick ratio of 0.38.
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. 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 the consensus estimate of $773.84 million. During the same period last year, the business earned $0.71 EPS. The firm’s revenue was down .6% compared to the same quarter last year. sell-side analysts expect that Brinker International, Inc. will post 3.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 9th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Thursday, March 8th. Brinker International’s payout ratio is 58.02%.
In related news, Director Andres Tinajero sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $0.57, for a total value of $114,000.00. Also, VP Michaela M. Ware sold 830 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 8,181 shares in the company, valued at $278,808.48. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by company insiders.
EAT has been the topic of a number of research analyst reports. 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 restated an “equal weight” rating and issued a $41.00 price target (up previously 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 reiterated a “hold” rating and set a $40.00 target price on shares of Brinker International in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. Brinker International currently has an average rating of “Hold” and an average price target of $41.08.
COPYRIGHT VIOLATION NOTICE: “Greenhouse Funds LLLP Invests $7.42 Million in Brinker International, Inc. (EAT)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2018/03/21/greenhouse-funds-lllp-invests-7-42-million-in-brinker-international-inc-eat.html.
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.
Receive News & Ratings for Brinker International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International and related companies with MarketBeat.com's FREE daily email newsletter.