AI Financial Services LLC bought a new position in Brinker International, Inc. (NYSE:EAT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 57,053 shares of the restaurant operator’s stock, valued at approximately $2,216,000. Brinker International accounts for about 4.4% of AI Financial Services LLC’s holdings, making the stock its 11th biggest holding.
Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Brinker International by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,198,052 shares of the restaurant operator’s stock worth $45,647,000 after buying an additional 9,729 shares during the period. Legal & General Group Plc grew its position in Brinker International by 11.4% during the 3rd quarter. Legal & General Group Plc now owns 66,922 shares of the restaurant operator’s stock valued at $2,137,000 after purchasing an additional 6,841 shares during the last quarter. Epoch Investment Partners Inc. grew its position in Brinker International by 25.2% during the 3rd quarter. Epoch Investment Partners Inc. now owns 425,265 shares of the restaurant operator’s stock valued at $13,549,000 after purchasing an additional 85,557 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Brinker International during the 3rd quarter valued at about $1,299,000. Finally, Jennison Associates LLC purchased a new stake in Brinker International during the 3rd quarter valued at about $713,000.
Brinker International, Inc. (NYSE:EAT) opened at $32.88 on Tuesday. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.38 and a current ratio of 0.43. The stock has a market cap of $1,520.00, a PE ratio of 11.70, a price-to-earnings-growth ratio of 0.71 and a beta of 0.12. Brinker International, Inc. has a one year low of $29.50 and a one year high of $45.81.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Thursday, March 8th. Brinker International’s dividend payout ratio is currently 54.09%.
EAT has been the topic of several recent analyst reports. Canaccord Genuity reissued a “hold” rating and set a $40.00 price objective on shares of Brinker International in a research report on Thursday, December 21st. BMO Capital Markets reissued a “hold” rating on shares of Brinker International in a research report on Monday, November 6th. Barclays reissued an “equal weight” rating and set a $41.00 price objective (up from $37.00) on shares of Brinker International in a research report on Tuesday, January 16th. Zacks Investment Research raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Friday, January 12th. Finally, Maxim Group reissued a “buy” rating and set a $49.00 price objective on shares of Brinker International in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $41.08.
In other Brinker International news, Director Andres Tinajero sold 200,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $0.57, for a total transaction of $114,000.00. Also, insider Wyman Roberts sold 33,683 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $37.88, for a total transaction of $1,275,912.04. Following the transaction, the insider now owns 137,572 shares in the company, valued at approximately $5,211,227.36. The disclosure for this sale can be found here. Insiders have sold a total of 234,513 shares of company stock worth $1,418,198 in the last 90 days. Company insiders own 1.91% of the company’s stock.
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About Brinker International
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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