Macquarie Group Ltd. boosted its holdings in Brinker International, Inc. (NYSE:EAT) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,600 shares of the restaurant operator’s stock after buying an additional 300 shares during the period. Macquarie Group Ltd.’s holdings in Brinker International were worth $1,478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EAT. Renaissance Technologies LLC lifted its holdings in Brinker International by 1,919.7% in the third quarter. Renaissance Technologies LLC now owns 513,000 shares of the restaurant operator’s stock valued at $23,972,000 after buying an additional 487,600 shares during the period. Vanguard Group Inc lifted its holdings in Brinker International by 8.0% in the third quarter. Vanguard Group Inc now owns 4,909,754 shares of the restaurant operator’s stock valued at $229,433,000 after buying an additional 365,235 shares during the period. Vanguard Group Inc. lifted its holdings in Brinker International by 8.0% in the third quarter. Vanguard Group Inc. now owns 4,909,754 shares of the restaurant operator’s stock valued at $229,433,000 after buying an additional 365,235 shares during the period. Deutsche Bank AG lifted its holdings in Brinker International by 120.3% in the third quarter. Deutsche Bank AG now owns 624,185 shares of the restaurant operator’s stock valued at $29,163,000 after buying an additional 340,790 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Brinker International by 26.1% in the fourth quarter. Bessemer Group Inc. now owns 973,223 shares of the restaurant operator’s stock valued at $42,802,000 after buying an additional 201,431 shares during the period.

Shares of NYSE:EAT opened at $43.11 on Thursday. Brinker International, Inc. has a 52 week low of $37.76 and a 52 week high of $54.14. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.26 and a beta of 0.14.

Brinker International (NYSE:EAT) last issued its earnings results on Tuesday, January 29th. The restaurant operator reported $0.89 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.89. Brinker International had a net margin of 4.70% and a negative return on equity of 20.64%. The firm had revenue of $790.70 million during the quarter, compared to the consensus estimate of $779.19 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that Brinker International, Inc. will post 3.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.53%. The ex-dividend date was Thursday, March 7th. Brinker International’s payout ratio is presently 43.43%.

In related news, SVP Charles A. Lousignont acquired 2,590 shares of the stock in a transaction dated Wednesday, February 6th. The stock was bought at an average price of $43.00 per share, with a total value of $111,370.00. Following the completion of the transaction, the senior vice president now directly owns 14,836 shares of the company’s stock, valued at $637,948. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelly C. Baltes acquired 800 shares of the stock in a transaction dated Wednesday, January 30th. The shares were bought at an average cost of $41.75 per share, with a total value of $33,400.00. Following the transaction, the executive vice president now directly owns 800 shares of the company’s stock, valued at $33,400. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by corporate insiders.

Several equities analysts recently weighed in on EAT shares. Telsey Advisory Group restated a “market perform” rating and issued a $53.00 price objective (up from $49.00) on shares of Brinker International in a report on Wednesday, January 9th. ValuEngine lowered shares of Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Zacks Investment Research lowered shares of Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus raised shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Brinker International in a research note on Wednesday, January 23rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Brinker International currently has a consensus rating of “Hold” and a consensus target price of $46.40.

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Brinker International 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.

Further Reading: Catch-Up Contributions

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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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