Caxton Associates LP lifted its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 14.7% during the fourth quarter, Holdings Channel reports. The fund owned 15,026 shares of the restaurant operator’s stock after purchasing an additional 1,926 shares during the quarter. Caxton Associates LP’s holdings in Brinker International were worth $584,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in EAT. Hodges Capital Management Inc. purchased a new stake in shares of Brinker International during the fourth quarter worth about $206,000. Investors Research Corp bought a new stake in Brinker International in the fourth quarter valued at about $218,000. Vident Investment Advisory LLC bought a new stake in Brinker International in the third quarter valued at about $221,000. Eqis Capital Management Inc. bought a new stake in Brinker International in the fourth quarter valued at about $227,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Brinker International in the fourth quarter valued at about $240,000.
EAT has been the subject of several research analyst reports. 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 report on Friday, January 12th. Telsey Advisory Group reissued a “market perform” rating and issued a $39.00 price objective (up from $37.00) on shares of Brinker International in a report on Wednesday, January 31st. BMO Capital Markets reissued a “hold” rating on shares of Brinker International in a report on Wednesday, January 31st. Barclays boosted their price objective on Brinker International from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $39.00 price objective on shares of Brinker International in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.08.
Brinker International, Inc. (EAT) opened at $37.12 on Tuesday. The company has a market capitalization of $1,711.14, a P/E ratio of 11.12, a PEG ratio of 0.99 and a beta of 0.17. Brinker International, Inc. has a fifty-two week low of $29.50 and a fifty-two week high of $45.81. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of -2.47.
Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.15. The company had revenue of $766.40 million during the quarter, compared to analyst estimates of $773.84 million. Brinker International had a negative return on equity of 30.98% and a net margin of 4.10%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. sell-side analysts predict that Brinker International, Inc. will post 3.43 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, March 8th. Brinker International’s dividend payout ratio (DPR) is presently 58.02%.
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Brinker International 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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