Brinker International Target of Unusually High Options Trading (EAT)
Brinker International, Inc. (NYSE:EAT) saw some unusual options trading activity on Tuesday. Stock investors purchased 3,218 put options on the company. This is an increase of 1,718% compared to the typical volume of 177 put options.
A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Brinker International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BMO Capital Markets reissued a “hold” rating on shares of Brinker International in a research report on Monday, November 6th. Barclays lowered their price target on shares of Brinker International from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Canaccord Genuity reissued a “hold” rating on shares of Brinker International in a research report on Wednesday, November 1st. Finally, ValuEngine cut shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $41.08.
In related news, insider Wyman Roberts sold 33,683 shares of Brinker International 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 completion of the transaction, the insider now directly owns 137,572 shares of the company’s stock, valued at approximately $5,211,227.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Charles A. Lousignont sold 3,364 shares of Brinker International stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $33.00, for a total transaction of $111,012.00. Following the transaction, the senior vice president now directly owns 15,074 shares of the company’s stock, valued at $497,442. The disclosure for this sale can be found here. Company insiders own 1.91% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Bruderman Asset Management LLC purchased a new position in Brinker International in the second quarter worth about $123,000. Vident Investment Advisory LLC bought a new stake in shares of Brinker International in the third quarter worth approximately $221,000. Profund Advisors LLC grew its stake in shares of Brinker International by 0.8% in the second quarter. Profund Advisors LLC now owns 6,849 shares of the restaurant operator’s stock worth $261,000 after acquiring an additional 57 shares during the period. Nomura Holdings Inc. bought a new stake in shares of Brinker International in the second quarter worth approximately $262,000. Finally, Petrus Trust Company LTA grew its stake in shares of Brinker International by 27.0% in the second quarter. Petrus Trust Company LTA now owns 6,949 shares of the restaurant operator’s stock worth $265,000 after acquiring an additional 1,476 shares during the period.
Brinker International (EAT) opened at $37.98 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of -2.51. The stock has a market cap of $1,760.00, a PE ratio of 13.71, a price-to-earnings-growth ratio of 0.84 and a beta of 0.24. Brinker International has a twelve month low of $29.50 and a twelve month high of $48.02.
Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $739.40 million during the quarter, compared to analysts’ expectations of $749.05 million. Brinker International had a negative return on equity of 30.36% and a net margin of 4.39%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. sell-side analysts predict that Brinker International will post 3.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 8th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.52 annualized dividend and a yield of 4.00%. Brinker International’s dividend payout ratio (DPR) is presently 54.87%.
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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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