Brinker International Inc. (EAT) Position Increased by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC raised its stake in shares of Brinker International Inc. (NYSE:EAT) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,317 shares of the company’s stock after buying an additional 1,064 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of Brinker International worth $2,134,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG raised its position in shares of Brinker International by 40.3% in the first quarter. UBS Group AG now owns 14,305 shares of the company’s stock valued at $657,000 after buying an additional 4,111 shares in the last quarter. LPL Financial LLC increased its stake in Brinker International by 209.3% in the first quarter. LPL Financial LLC now owns 21,894 shares of the company’s stock valued at $1,014,000 after buying an additional 14,816 shares during the last quarter. Babson Capital Management LLC increased its stake in Brinker International by 538.7% in the first quarter. Babson Capital Management LLC now owns 39,600 shares of the company’s stock valued at $1,820,000 after buying an additional 33,400 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new stake in Brinker International during the first quarter valued at $230,000. Finally, Boothbay Fund Management LLC purchased a new stake in Brinker International during the first quarter valued at $395,000.
Brinker International Inc. (NYSE:EAT) traded down 1.50% during midday trading on Tuesday, hitting $53.31. The company had a trading volume of 2,081,096 shares. The stock has a market cap of $2.65 billion, a PE ratio of 15.99 and a beta of 0.18. The stock’s 50-day moving average price is $51.34 and its 200-day moving average price is $49.37. Brinker International Inc. has a 52-week low of $43.20 and a 52-week high of $55.84.
Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The company earned $758.50 million during the quarter, compared to analyst estimates of $773.19 million. Brinker International had a net margin of 5.86% and a negative return on equity of 68.57%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. On average, equities research analysts expect that Brinker International Inc. will post $3.42 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Friday, December 9th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, December 7th. Brinker International’s dividend payout ratio (DPR) is presently 40.84%.
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EAT has been the topic of several research analyst reports. Zacks Investment Research downgraded Brinker International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. Royal Bank Of Canada boosted their price target on Brinker International from $49.00 to $55.00 and gave the company a “sector perform” rating in a research note on Friday, August 12th. Maxim Group reiterated 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. Telsey Advisory Group boosted their price target on Brinker International from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, August 12th. Finally, Piper Jaffray Cos. boosted their price target on Brinker International from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $53.72.
In other Brinker International news, insider Krista M. Gibson sold 19,000 shares of Brinker International 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 sale, the insider now owns 37,225 shares of the company’s stock, valued at approximately $1,982,975.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph G. Taylor sold 672 shares of Brinker International stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $53.44, for a total value of $35,911.68. Following the completion of the sale, the vice president now directly owns 1,000 shares in the company, valued at approximately $53,440. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.
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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