Shares of Brinker International, Inc. (NYSE:EAT) have been given a consensus rating of “Hold” by the seventeen analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $45.58.
Several brokerages have weighed in on EAT. Zacks Investment Research downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Maxim Group reiterated a “buy” rating on shares of Brinker International in a research report on Wednesday, April 24th. UBS Group began coverage on Brinker International in a research report on Friday, April 26th. They set a “sell” rating and a $39.00 price target on the stock. ValuEngine cut Brinker International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $53.00 price target on shares of Brinker International in a report on Wednesday, January 30th.
Brinker International stock traded down $2.44 during mid-day trading on Thursday, hitting $38.88. 1,067,715 shares of the company’s stock traded hands, compared to its average volume of 1,101,221. The company has a market capitalization of $1.59 billion, a P/E ratio of 11.11, a PEG ratio of 1.33 and a beta of 0.11. Brinker International has a one year low of $40.29 and a one year high of $54.14.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 7th will be paid a $0.38 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.52 annualized dividend and a dividend yield of 3.91%. Brinker International’s dividend payout ratio is currently 43.43%.
In related news, EVP Kelly C. Baltes acquired 800 shares of the stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $42.05 per share, for a total transaction of $33,640.00. Following the purchase, the executive vice president now owns 13,134 shares in the company, valued at approximately $552,284.70. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.72% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in shares of Brinker International by 5.0% in the 4th quarter. IFP Advisors Inc now owns 6,076 shares of the restaurant operator’s stock valued at $265,000 after purchasing an additional 288 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Brinker International by 0.9% in the 4th quarter. Macquarie Group Ltd. now owns 33,600 shares of the restaurant operator’s stock worth $1,478,000 after acquiring an additional 300 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Brinker International by 0.8% in the 1st quarter. Royce & Associates LP now owns 37,433 shares of the restaurant operator’s stock worth $1,661,000 after acquiring an additional 313 shares in the last quarter. AI Financial Services LLC boosted its holdings in shares of 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 acquiring an additional 472 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of 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 acquiring an additional 478 shares in the last quarter.
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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