Metropolitan Life Insurance Co. NY lifted its stake in Brinker International, Inc. (NYSE:EAT) by 61.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,318 shares of the restaurant operator’s stock after purchasing an additional 8,492 shares during the period. Metropolitan Life Insurance Co. NY owned 0.06% of Brinker International worth $982,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in Brinker International by 5.0% in the 4th quarter. IFP Advisors Inc now owns 6,076 shares of the restaurant operator’s stock worth $265,000 after buying an additional 288 shares in the last quarter. AI Financial Services LLC increased its stake in Brinker International by 1.0% in the 4th quarter. AI Financial Services LLC now owns 49,422 shares of the restaurant operator’s stock worth $2,174,000 after buying an additional 472 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Brinker International by 2.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 24,408 shares of the restaurant operator’s stock worth $996,000 after buying an additional 478 shares in the last quarter. Stone Ridge Asset Management LLC increased its stake in Brinker International by 3.3% in the 4th quarter. Stone Ridge Asset Management LLC now owns 16,015 shares of the restaurant operator’s stock worth $704,000 after buying an additional 515 shares in the last quarter. Finally, Enlightenment Research LLC purchased a new stake in Brinker International in the 4th quarter worth $31,000.
A number of equities research analysts have issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $53.00 price target (up previously from $49.00) on shares of Brinker International in a research note on Wednesday, January 9th. ValuEngine upgraded Brinker International from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Zacks Investment Research lowered Brinker International from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Raymond James upgraded Brinker International from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Finally, Maxim Group restated a “buy” rating and set a $58.00 price objective (up previously from $55.00) on shares of Brinker International in a research report on Wednesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $46.40.
Shares of NYSE:EAT traded up $1.06 during trading on Friday, reaching $42.75. The company’s stock had a trading volume of 864,382 shares, compared to its average volume of 788,490. Brinker International, Inc. has a 12 month low of $39.22 and a 12 month high of $54.14. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.25 and a beta of 0.14.
Brinker International (NYSE:EAT) last announced its quarterly earnings results on Tuesday, January 29th. The restaurant operator reported $0.89 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.89. Brinker International had a net margin of 4.70% and a negative return on equity of 20.64%. The firm had revenue of $790.70 million during the quarter, compared to the consensus estimate of $779.19 million. During the same quarter last year, the firm earned $0.87 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, equities research analysts predict that Brinker International, Inc. will post 3.86 earnings per share for the current fiscal year.
The company also recently disclosed 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 annualized dividend and a yield of 3.56%. The ex-dividend date was Thursday, March 7th. Brinker International’s payout ratio is currently 43.43%.
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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