Raymond James Financial Services Advisors Inc. Sells 1,267 Shares of Brinker International, Inc. (NYSE:EAT)

Raymond James Financial Services Advisors Inc. decreased its position in shares of Brinker International, Inc. (NYSE:EAT) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,401 shares of the restaurant operator’s stock after selling 1,267 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Brinker International were worth $457,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board boosted its position in Brinker International by 4.4% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 120,878 shares of the restaurant operator’s stock valued at $5,316,000 after buying an additional 5,078 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Brinker International by 2.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 259,234 shares of the restaurant operator’s stock worth $11,401,000 after buying an additional 5,058 shares during the last quarter. Truehand Inc acquired a new position in Brinker International in the fourth quarter worth approximately $2,805,000. Massachusetts Financial Services Co. MA grew its position in Brinker International by 6.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,180 shares of the restaurant operator’s stock worth $1,767,000 after buying an additional 2,579 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Brinker International by 8,627.2% in the 4th quarter. Acadian Asset Management LLC now owns 188,333 shares of the restaurant operator’s stock worth $8,285,000 after purchasing an additional 186,175 shares during the period.

Shares of Brinker International stock traded up $1.06 on Friday, hitting $42.75. The company had a trading volume of 864,382 shares, compared to its average volume of 788,490. The stock has a market capitalization of $1.60 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.25 and a beta of 0.14. Brinker International, Inc. has a twelve month low of $39.22 and a twelve month high of $54.14.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Tuesday, January 29th. The restaurant operator reported $0.89 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.89. The company had revenue of $790.70 million during the quarter, compared to analysts’ expectations of $779.19 million. Brinker International had a net margin of 4.70% and a negative return on equity of 20.64%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. On average, equities research analysts forecast that Brinker International, Inc. will post 3.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Thursday, March 7th. Brinker International’s dividend payout ratio is currently 43.43%.

In other Brinker International news, EVP Kelly C. Baltes acquired 800 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The shares were bought at an average cost of $41.75 per share, with a total value of $33,400.00. Following the completion of the transaction, the executive vice president now directly owns 800 shares of the company’s stock, valued at approximately $33,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles A. Lousignont acquired 2,590 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The shares were acquired at an average cost of $43.00 per share, for a total transaction of $111,370.00. Following the completion of the transaction, the senior vice president now directly owns 14,836 shares of the company’s stock, valued at $637,948. The disclosure for this purchase can be found here. Company insiders own 2.72% of the company’s stock.

A number of research firms recently commented on EAT. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $53.00 price objective (up previously from $49.00) on shares of Brinker International in a research note on Wednesday, January 9th. ValuEngine upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Zacks Investment Research downgraded shares of Brinker International from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Raymond James upgraded shares of Brinker International from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Finally, Maxim Group reiterated a “buy” rating and set a $58.00 target price (up from $55.00) on shares of Brinker International in a research report on Wednesday, January 23rd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Brinker International currently has a consensus rating of “Hold” and an average price target of $46.40.

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

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