Teachers Advisors LLC cut its position in Brinker International, Inc. (NYSE:EAT) by 4.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 197,357 shares of the company’s stock after selling 10,001 shares during the period. Teachers Advisors LLC’s holdings in Brinker International were worth $9,953,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Brinker International by 0.9% in the second quarter. Vanguard Group Inc. now owns 4,600,662 shares of the company’s stock valued at $209,468,000 after buying an additional 42,116 shares during the last quarter. BlackRock Fund Advisors raised its position in Brinker International by 2.7% in the third quarter. BlackRock Fund Advisors now owns 2,029,429 shares of the company’s stock worth $102,344,000 after buying an additional 53,958 shares in the last quarter. Capital Research Global Investors raised its position in Brinker International by 35.0% in the second quarter. Capital Research Global Investors now owns 2,007,500 shares of the company’s stock worth $91,401,000 after buying an additional 520,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Brinker International by 1.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,797,046 shares of the company’s stock worth $81,820,000 after buying an additional 26,493 shares in the last quarter. Finally, Cooke & Bieler LP raised its position in Brinker International by 25.5% in the second quarter. Cooke & Bieler LP now owns 1,350,420 shares of the company’s stock worth $61,485,000 after buying an additional 274,438 shares in the last quarter.
Brinker International, Inc. (NYSE:EAT) traded down 0.51% during midday trading on Wednesday, hitting $47.28. 157,909 shares of the company traded hands. The stock’s 50-day moving average is $51.55 and its 200-day moving average is $50.60. The firm has a market capitalization of $2.35 billion, a PE ratio of 14.18 and a beta of 0.21. Brinker International, Inc. has a 12-month low of $43.30 and a 12-month high of $55.84.
Brinker International (NYSE:EAT) last issued its earnings results on Tuesday, October 25th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.06. Brinker International had a net margin of 5.86% and a negative return on equity of 68.57%. The firm earned $758.50 million during the quarter, compared to the consensus estimate of $773.19 million. During the same period in the previous year, the company posted $0.56 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Analysts anticipate that Brinker International, Inc. will post $3.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Friday, December 9th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Wednesday, December 7th. Brinker International’s payout ratio is presently 40.84%.
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A number of research analysts recently commented on EAT shares. Zacks Investment Research lowered shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Friday, October 7th. BMO Capital Markets lowered shares of Brinker International from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $46.00 to $45.00 in a research note on Thursday, December 15th. They noted that the move was a valuation call. J P Morgan Chase & Co reiterated a “buy” rating and set a $56.00 price objective on shares of Brinker International in a research note on Wednesday, September 28th. Sanford C. Bernstein reiterated a “market perform” rating and set a $54.00 price objective on shares of Brinker International in a research note on Wednesday, December 7th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $45.00 price objective on shares of Brinker International in a research note on Thursday, December 15th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $52.96.
In other Brinker International news, insider Steve Provost sold 9,728 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $53.91, for a total value of $524,436.48. Following the completion of the sale, the insider now owns 13,372 shares of the company’s stock, valued at $720,884.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph G. Taylor sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $51.69, for a total transaction of $77,535.00. Following the completion of the sale, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $103,380. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by company insiders.
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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