Mason Street Advisors LLC purchased a new stake in Brinker International Inc. (NYSE:EAT) during the second quarter, Holdings Channel reports. The institutional investor purchased 25,407 shares of the company’s stock, valued at approximately $1,157,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its position in shares of Brinker International by 4.1% in the first quarter. State Street Corp now owns 1,711,631 shares of the company’s stock valued at $78,653,000 after buying an additional 67,579 shares in the last quarter. Denver Investment Advisors LLC acquired a new position in shares of Brinker International during the second quarter valued at approximately $12,272,000. Springbok Capital Management LLC increased its position in shares of Brinker International by 601.0% in the first quarter. Springbok Capital Management LLC now owns 14,616 shares of the company’s stock valued at $672,000 after buying an additional 12,531 shares in the last quarter. First Quadrant L P CA increased its position in shares of Brinker International by 79,449.6% in the second quarter. First Quadrant L P CA now owns 97,846 shares of the company’s stock valued at $4,455,000 after buying an additional 97,723 shares in the last quarter. Finally, Hillcrest Asset Management LLC acquired a new position in shares of Brinker International during the first quarter valued at approximately $7,162,000.
Shares of Brinker International Inc. (NYSE:EAT) opened at 52.54 on Monday. The company has a 50-day moving average price of $52.20 and a 200-day moving average price of $47.74. Brinker International Inc. has a 12-month low of $43.20 and a 12-month high of $55.16. The company has a market cap of $2.89 billion, a P/E ratio of 15.36 and a beta of 0.32.
Brinker International (NYSE:EAT) last posted its quarterly earnings data on Thursday, August 11th. The company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.01. Brinker International had a negative return on equity of 114.14% and a net margin of 6.16%. The firm had revenue of $881.70 million for the quarter, compared to analyst estimates of $881.43 million. During the same quarter last year, the company earned $0.94 EPS. The company’s revenue was up 15.4% on a year-over-year basis. On average, analysts predict that Brinker International Inc. will post $3.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Wednesday, September 7th. This is a positive change from Brinker International’s previous quarterly dividend of $0.32. Brinker International’s dividend payout ratio (DPR) is 39.42%.
Several research analysts have commented on EAT shares. Canaccord Genuity started coverage on Brinker International in a research report on Monday, August 22nd. They issued a “hold” rating and a $56.00 price target on the stock. TheStreet downgraded Brinker International from a “buy” rating to a “hold” rating in a research report on Thursday, June 9th. Argus reissued a “hold” rating on shares of Brinker International in a report on Thursday, August 18th. BMO Capital Markets reissued a “hold” rating and set a $47.00 price objective on shares of Brinker International in a report on Thursday, September 1st. Finally, Topeka Capital Markets initiated coverage on Brinker International in a report on Monday, June 6th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $53.74.
In other Brinker International news, insider Steve Provost sold 11,000 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $54.56, for a total value of $600,160.00. Following the sale, the insider now owns 23,100 shares of the company’s stock, valued at approximately $1,260,336. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Joseph G. Taylor sold 672 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $53.44, for a total value of $35,911.68. Following the completion of the sale, the vice president now directly owns 1,000 shares in the company, valued at approximately $53,440. The disclosure for this sale can be found here. Company insiders own 2.27% of the company’s stock.
Brinker International Company Profile
Brinker International, Inc (Brinker) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. At September 24, 2014, the Company owned, operated or franchised 1,622 restaurants in the United States and 29 countries and two territories outside of the United States.
Want to see what other hedge funds are holding EAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brinker International Inc. (NYSE:EAT).
Receive News & Ratings for Brinker International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.