Jefferies Group LLC purchased a new position in Brinker International, Inc. (NYSE:EAT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 65,172 shares of the restaurant operator’s stock, valued at approximately $2,531,000.
Several other institutional investors also recently bought and sold shares of the company. Caxton Associates LP boosted its stake in Brinker International by 14.7% during the fourth quarter. Caxton Associates LP now owns 15,026 shares of the restaurant operator’s stock valued at $584,000 after buying an additional 1,926 shares during the period. ArrowMark Colorado Holdings LLC bought a new stake in Brinker International during the fourth quarter valued at $9,907,000. Advisor Group Inc. boosted its stake in Brinker International by 92.0% during the fourth quarter. Advisor Group Inc. now owns 21,028 shares of the restaurant operator’s stock valued at $817,000 after buying an additional 10,078 shares during the period. AMP Capital Investors Ltd boosted its stake in Brinker International by 105.4% during the fourth quarter. AMP Capital Investors Ltd now owns 28,245 shares of the restaurant operator’s stock valued at $1,097,000 after buying an additional 14,496 shares during the period. Finally, North Fourth Asset Management LP bought a new stake in Brinker International during the fourth quarter valued at $818,000.
Several equities research analysts recently issued reports on EAT shares. Zacks Investment Research raised Brinker International from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Friday, January 12th. Maxim Group reissued a “buy” rating and set a $52.00 price objective (up previously from $49.00) on shares of Brinker International in a research note on Thursday, January 25th. Citigroup lifted their price objective on Brinker International from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Barclays dropped their price objective on Brinker International from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reissued a “hold” rating and set a $39.00 price objective on shares of Brinker International in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $41.08.
Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $766.40 million during the quarter, compared to analyst estimates of $773.84 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. sell-side analysts forecast that Brinker International, Inc. will post 3.43 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, March 8th. Brinker International’s dividend payout ratio (DPR) is currently 58.02%.
In other Brinker International news, VP Michaela M. Ware sold 830 shares of Brinker International 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 owns 8,181 shares of the company’s stock, valued at $278,808.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andres Tinajero sold 200,000 shares of Brinker International stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $0.57, for a total value of $114,000.00. Insiders own 1.91% of the company’s stock.
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About Brinker International
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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