32,200 Shares in Brinker International, Inc. (EAT) Acquired by Mackay Shields LLC
Mackay Shields LLC acquired a new position in Brinker International, Inc. (NYSE:EAT) during the 4th quarter, Holdings Channel reports. The firm acquired 32,200 shares of the restaurant operator’s stock, valued at approximately $1,416,000.
Other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in shares of Brinker International by 2.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 43,560 shares of the restaurant operator’s stock worth $1,916,000 after purchasing an additional 1,000 shares in the last quarter. Enlightenment Research LLC bought a new position in Brinker International in the 4th quarter worth $31,000. Mackenzie Financial Corp bought a new position in Brinker International in the 4th quarter worth $3,890,000. Deutsche Bank AG boosted its holdings in Brinker International by 120.3% in the 3rd quarter. Deutsche Bank AG now owns 624,185 shares of the restaurant operator’s stock worth $29,163,000 after buying an additional 340,790 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Brinker International by 1,919.7% in the 3rd quarter. Renaissance Technologies LLC now owns 513,000 shares of the restaurant operator’s stock worth $23,972,000 after buying an additional 487,600 shares during the period.
EAT has been the subject of several recent analyst reports. Stifel Nicolaus raised shares of Brinker International from a “hold” rating to a “buy” rating in a report on Monday, January 7th. Raymond James raised shares of Brinker International from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $53.00 price target on shares of Brinker International in a report on Wednesday, January 30th. Barclays lowered their price target on shares of Brinker International from $50.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, November 29th. Finally, ValuEngine raised shares of Brinker International from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Brinker International presently has a consensus rating of “Hold” and an average price target of $46.40.
Brinker International stock opened at $43.48 on Tuesday. Brinker International, Inc. has a 1-year low of $34.57 and a 1-year high of $54.14. The stock has a market capitalization of $1.61 billion, a P/E ratio of 12.42, a PEG ratio of 1.26 and a beta of 0.14.
Brinker International (NYSE:EAT) last posted its quarterly earnings data on Tuesday, January 29th. The restaurant operator reported $0.89 earnings per share for the quarter, hitting 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 company had revenue of $790.70 million for the quarter, compared to analyst estimates of $779.19 million. During the same period in the prior year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities research analysts predict that Brinker International, Inc. will post 3.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 8th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, March 7th. Brinker International’s dividend payout ratio (DPR) is currently 43.43%.
About Brinker International
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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