NumerixS Investment Technologies Inc purchased a new position in Brinker International, Inc. (NYSE:EAT) in the second quarter, HoldingsChannel reports. The firm purchased 5,381 shares of the restaurant operator’s stock, valued at approximately $265,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. LifePlan Financial Group Inc bought a new position in shares of Brinker International in the second quarter worth approximately $112,000. Stratos Wealth Partners LTD. boosted its position in shares of Brinker International by 1,000.0% in the first quarter. Stratos Wealth Partners LTD. now owns 3,300 shares of the restaurant operator’s stock worth $119,000 after purchasing an additional 3,000 shares during the period. IFP Advisors Inc boosted its position in shares of Brinker International by 512.3% in the first quarter. IFP Advisors Inc now owns 3,545 shares of the restaurant operator’s stock worth $128,000 after purchasing an additional 2,966 shares during the period. Mount Yale Investment Advisors LLC bought a new position in shares of Brinker International in the first quarter worth approximately $153,000. Finally, Sei Investments Co. boosted its position in shares of Brinker International by 913.2% in the second quarter. Sei Investments Co. now owns 3,597 shares of the restaurant operator’s stock worth $171,000 after purchasing an additional 3,242 shares during the period.
In other news, SVP David Roy Doyle sold 3,615 shares of the stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $49.86, for a total value of $180,243.90. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kelli Valade sold 4,224 shares of the stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $49.59, for a total transaction of $209,468.16. The disclosure for this sale can be found here. 1.91% of the stock is owned by corporate insiders.
EAT has been the topic of several research analyst reports. TheStreet downgraded shares of Brinker International from a “b-” rating to a “c” rating in a report on Wednesday, August 15th. Canaccord Genuity lowered their target price on shares of Brinker International from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, August 15th. Morgan Stanley boosted their target price on shares of Brinker International from $37.00 to $38.00 and gave the stock an “underweight” rating in a report on Wednesday, August 15th. BMO Capital Markets set a $43.00 target price on shares of Brinker International and gave the stock a “hold” rating in a report on Tuesday, August 14th. Finally, Piper Jaffray Companies boosted their target price on shares of Brinker International to $48.00 and gave the stock a “positive” rating in a report on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.33.
Brinker International stock opened at $45.86 on Friday. The firm has a market cap of $1.79 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 1.12 and a beta of -0.04. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of -2.09. Brinker International, Inc. has a 52-week low of $29.50 and a 52-week high of $54.14.
Brinker International (NYSE:EAT) last released its quarterly earnings results on Tuesday, August 14th. The restaurant operator reported $1.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.19. The company had revenue of $817.10 million for the quarter, compared to the consensus estimate of $817.93 million. Brinker International had a net margin of 4.01% and a negative return on equity of 26.82%. Brinker International’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 earnings per share. equities research analysts predict that Brinker International, Inc. will post 3.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Friday, September 7th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, September 6th. Brinker International’s payout ratio is 43.43%.
Brinker International Company Profile
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name.
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