Brinker International, Inc. (EAT) Position Raised by Vident Investment Advisory LLC

Vident Investment Advisory LLC boosted its position in shares of Brinker International, Inc. (NYSE:EAT) by 78.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,391 shares of the restaurant operator’s stock after buying an additional 5,460 shares during the quarter. Vident Investment Advisory LLC’s holdings in Brinker International were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in Brinker International by 16.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,154,891 shares of the restaurant operator’s stock valued at $168,822,000 after buying an additional 726,427 shares during the last quarter. Franklin Resources Inc. raised its holdings in Brinker International by 2,316.6% during the 4th quarter. Franklin Resources Inc. now owns 2,544,700 shares of the restaurant operator’s stock valued at $98,836,000 after buying an additional 2,439,400 shares during the last quarter. Millennium Management LLC raised its holdings in Brinker International by 47.3% during the 4th quarter. Millennium Management LLC now owns 1,832,718 shares of the restaurant operator’s stock valued at $71,183,000 after buying an additional 588,896 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Brinker International by 6.2% during the 4th quarter. Alliancebernstein L.P. now owns 1,425,167 shares of the restaurant operator’s stock valued at $55,353,000 after buying an additional 83,269 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Brinker International by 10.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,323,378 shares of the restaurant operator’s stock valued at $42,164,000 after buying an additional 125,326 shares during the last quarter.

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A number of equities research analysts recently commented on the stock. ValuEngine lowered shares of Brinker International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays lowered their price target on shares of Brinker International from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. BMO Capital Markets reiterated a “hold” rating on shares of Brinker International in a report on Wednesday, January 31st. Telsey Advisory Group reiterated a “market perform” rating and set a $39.00 price target (up from $37.00) on shares of Brinker International in a report on Wednesday, January 31st. Finally, Zacks Investment Research lowered shares of Brinker International from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.08.

Brinker International, Inc. (NYSE:EAT) opened at $34.07 on Monday. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.43 and a quick ratio of 0.38. Brinker International, Inc. has a 1-year low of $29.50 and a 1-year high of $45.81. The company has a market cap of $1,579.05, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 0.91 and a beta of 0.17.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, January 30th. The restaurant operator reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.15. Brinker International had a net margin of 4.10% and a negative return on equity of 30.98%. The business had revenue of $766.40 million during the quarter, compared to analyst estimates of $773.84 million. During the same period in the prior year, the business earned $0.71 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. sell-side analysts predict that Brinker International, Inc. will post 3.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 9th will be issued a $0.38 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.52 annualized dividend and a yield of 4.46%. Brinker International’s dividend payout ratio (DPR) is presently 58.02%.

In other news, Director Andres Tinajero sold 200,000 shares of the company’s 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, VP Michaela M. Ware sold 830 shares of the company’s 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 directly owns 8,181 shares in the company, valued at $278,808.48. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by corporate insiders.

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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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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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