Victory Capital Management Inc. raised its position in shares of Brinker International Inc. (NYSE:EAT) by 17.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,236 shares of the company’s stock after buying an additional 1,382 shares during the period. Victory Capital Management Inc.’s holdings in Brinker International were worth $421,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Acrospire Investment Management LLC acquired a new position in Brinker International during the first quarter worth approximately $129,000. LS Investment Advisors LLC increased its position in Brinker International by 59.4% in the second quarter. LS Investment Advisors LLC now owns 3,402 shares of the company’s stock worth $155,000 after buying an additional 1,268 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in Brinker International during the first quarter worth approximately $230,000. Atria Investments LLC acquired a new position in Brinker International during the second quarter worth approximately $259,000. Finally, State of Alaska Department of Revenue increased its position in Brinker International by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 6,745 shares of the company’s stock worth $307,000 after buying an additional 468 shares during the last quarter.
Brinker International Inc. (NYSE:EAT) traded up 0.48% during trading on Friday, reaching $50.43. The company’s stock had a trading volume of 1,116,715 shares. The firm has a market capitalization of $2.77 billion, a P/E ratio of 14.75 and a beta of 0.32. Brinker International Inc. has a 52 week low of $43.20 and a 52 week high of $55.16. The firm has a 50-day moving average price of $52.69 and a 200-day moving average price of $47.84.
Brinker International (NYSE:EAT) last issued its quarterly earnings data on Thursday, August 11th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business earned $881.70 million during the quarter, compared to analyst estimates of $881.43 million. During the same period in the prior year, the company posted $0.94 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities analysts anticipate that Brinker International Inc. will post $3.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Friday, September 9th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.70%. This is a positive change from Brinker International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, September 7th. Brinker International’s dividend payout ratio is 39.42%.
A number of research analysts have recently commented on the company. Telsey Advisory Group increased their price objective on Brinker International from $56.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, August 12th. Royal Bank Of Canada restated a “hold” rating and set a $49.00 price target on shares of Brinker International in a research note on Tuesday, June 7th. Maxim Group restated a “buy” rating and set a $58.00 price target (up previously from $55.00) on shares of Brinker International in a research note on Friday, August 12th. BMO Capital Markets restated a “hold” rating and set a $47.00 price target on shares of Brinker International in a research note on Thursday, September 1st. Finally, Argus restated a “hold” rating on shares of Brinker International in a research note on Thursday, August 18th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have assigned a buy rating to the company. Brinker International has an average rating of “Hold” and a consensus price target of $53.83.
In other Brinker International news, insider Krista M. Gibson sold 19,000 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $53.27, for a total value of $1,012,130.00. Following the completion of the sale, the insider now directly owns 37,225 shares in the company, valued at $1,982,975.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wyman Roberts sold 41,722 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $53.00, for a total value of $2,211,266.00. Following the completion of the sale, the insider now owns 114,746 shares of the company’s stock, valued at $6,081,538. The disclosure for this sale can be found here. 2.27% of the stock is owned by corporate insiders.
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.
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