Atria Investments LLC grew its position in Brinker International, Inc. (NYSE:EAT) by 161.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,746 shares of the restaurant operator’s stock after buying an additional 19,601 shares during the period. Atria Investments LLC’s holdings in Brinker International were worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Brinker International by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,198,052 shares of the restaurant operator’s stock valued at $45,647,000 after acquiring an additional 9,729 shares during the period. Gotham Asset Management LLC grew its position in shares of Brinker International by 348.9% in the 2nd quarter. Gotham Asset Management LLC now owns 421,534 shares of the restaurant operator’s stock valued at $16,060,000 after acquiring an additional 327,637 shares during the period. BlackRock Inc. grew its position in shares of Brinker International by 27.8% in the 2nd quarter. BlackRock Inc. now owns 5,080,271 shares of the restaurant operator’s stock valued at $193,557,000 after acquiring an additional 1,104,999 shares during the period. Bank of Nova Scotia bought a new position in shares of Brinker International in the 2nd quarter valued at about $4,243,000. Finally, Koch Industries Inc. bought a new position in shares of Brinker International in the 2nd quarter valued at about $533,000.
A number of brokerages have recently commented on EAT. Zacks Investment Research downgraded shares of Brinker International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BMO Capital Markets reissued a “hold” rating on shares of Brinker International in a research report on Monday, November 6th. Barclays decreased their price objective on shares of Brinker International from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Canaccord Genuity restated a “hold” rating on shares of Brinker International in a research note on Wednesday, November 1st. Finally, ValuEngine cut shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $40.82.
Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Brinker International had a negative return on equity of 30.36% and a net margin of 4.39%. The business had revenue of $739.40 million during the quarter, compared to analyst estimates of $749.05 million. During the same quarter last year, the firm earned $0.49 EPS. Brinker International’s revenue for the quarter was down 2.5% compared to the same quarter last year. equities analysts expect that Brinker International, Inc. will post 3.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 8th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Thursday, December 7th. Brinker International’s dividend payout ratio (DPR) is 54.87%.
In other Brinker International news, Director Andres Tinajero sold 200,000 shares of Brinker International stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $0.57, for a total value of $114,000.00. Also, SVP Charles A. Lousignont sold 3,364 shares of Brinker International stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $33.00, for a total transaction of $111,012.00. Following the completion of the sale, the senior vice president now owns 15,074 shares of the company’s stock, valued at approximately $497,442. The disclosure for this sale can be found here. Insiders sold a total of 237,047 shares of company stock valued at $1,500,924 in the last quarter. Corporate insiders own 1.91% of the company’s stock.
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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