California Public Employees Retirement System boosted its stake in Brinker International, Inc. (NYSE:EAT) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,780 shares of the restaurant operator’s stock after acquiring an additional 15,726 shares during the quarter. California Public Employees Retirement System owned 0.40% of Brinker International worth $5,919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Profund Advisors LLC lifted its position in Brinker International by 0.8% in the 2nd quarter. Profund Advisors LLC now owns 6,849 shares of the restaurant operator’s stock valued at $261,000 after acquiring an additional 57 shares in the last quarter. D.A. Davidson & CO. lifted its position in Brinker International by 2.2% in the 2nd quarter. D.A. Davidson & CO. now owns 7,832 shares of the restaurant operator’s stock valued at $298,000 after acquiring an additional 166 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in Brinker International by 7.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 9,925 shares of the restaurant operator’s stock valued at $378,000 after acquiring an additional 680 shares in the last quarter. Royal Bank of Canada lifted its position in Brinker International by 10.4% in the 2nd quarter. Royal Bank of Canada now owns 9,573 shares of the restaurant operator’s stock valued at $364,000 after acquiring an additional 899 shares in the last quarter. Finally, Caxton Associates LP increased its stake in Brinker International by 10.0% in the 2nd quarter. Caxton Associates LP now owns 11,000 shares of the restaurant operator’s stock valued at $419,000 after buying an additional 1,000 shares during the last quarter.

Several equities research analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Brinker International in a research note on Monday, October 2nd. They issued a “hold” rating and a $36.00 price target on the stock. ValuEngine lowered shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Canaccord Genuity reiterated a “hold” rating and issued a $40.00 price target on shares of Brinker International in a research note on Thursday, December 21st. Zacks Investment Research lowered shares of Brinker International from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Brinker International in a research note on Monday, November 6th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $40.50.

In other news, insider Wyman Roberts sold 33,683 shares of the business’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 directly owns 137,572 shares in the company, valued at approximately $5,211,227.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles A. Lousignont sold 3,364 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $33.00, for a total transaction of $111,012.00. Following the transaction, the senior vice president now owns 15,074 shares in the company, valued at $497,442. The disclosure for this sale can be found here. 1.91% of the stock is owned by insiders.

Brinker International, Inc. (NYSE:EAT) opened at $39.75 on Friday. The firm has a market cap of $1,840.00, a PE ratio of 14.35, a PEG ratio of 1.24 and a beta of 0.24. Brinker International, Inc. has a 52 week low of $29.50 and a 52 week high of $48.19. The company has a debt-to-equity ratio of -2.51, a quick ratio of 0.28 and a current ratio of 0.34.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $739.40 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. research analysts predict that Brinker International, Inc. will post 3.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 8th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.82%. Brinker International’s dividend payout ratio 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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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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