Epoch Investment Partners Inc. Sells 15,269 Shares of Brinker International, Inc. (EAT)
Epoch Investment Partners Inc. cut its stake in shares of Brinker International, Inc. (NYSE:EAT) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,375 shares of the restaurant operator’s stock after selling 15,269 shares during the period. Epoch Investment Partners Inc. owned 0.63% of Brinker International worth $10,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Enlightenment Research LLC purchased a new stake in shares of Brinker International in the fourth quarter worth approximately $31,000. Clarus Wealth Advisors purchased a new stake in shares of Brinker International in the fourth quarter worth approximately $36,000. First Hawaiian Bank raised its holdings in shares of Brinker International by 164.2% in the fourth quarter. First Hawaiian Bank now owns 1,770 shares of the restaurant operator’s stock worth $78,000 after buying an additional 1,100 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Brinker International in the fourth quarter worth approximately $97,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Brinker International in the third quarter worth approximately $138,000.
EAT opened at $44.37 on Friday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.29 and a beta of 0.14. Brinker International, Inc. has a 52 week low of $34.07 and a 52 week high of $54.14.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 8th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.52 annualized dividend and a yield of 3.43%. Brinker International’s dividend payout ratio (DPR) is presently 43.43%.
Several equities research analysts have recently weighed in on EAT shares. Stifel Nicolaus upgraded Brinker International from a “hold” rating to a “buy” rating in a report on Monday, January 7th. Raymond James upgraded Brinker International from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Telsey Advisory Group restated a “market perform” rating and set a $53.00 price objective on shares of Brinker International in a report on Wednesday, January 30th. Barclays reduced their price objective on Brinker International from $50.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, November 29th. Finally, ValuEngine upgraded Brinker International from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.40.
In related news, SVP Charles A. Lousignont bought 2,590 shares of the company’s stock in a transaction on Wednesday, February 6th. The shares were acquired at an average price of $43.00 per share, with a total value of $111,370.00. Following the transaction, the senior vice president now owns 14,836 shares of the company’s stock, valued at $637,948. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kelly C. Baltes bought 800 shares of the company’s stock in a transaction on Wednesday, January 30th. The shares were bought at an average cost of $41.75 per share, for a total transaction of $33,400.00. Following the transaction, the executive vice president now directly owns 800 shares in the company, valued at approximately $33,400. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by company insiders.
Brinker International Company Profile
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.
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