Sei Investments Co. lifted its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 913.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,597 shares of the restaurant operator’s stock after purchasing an additional 3,242 shares during the period. Sei Investments Co.’s holdings in Brinker International were worth $171,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Brinker International during the second quarter worth $563,000. Jennison Associates LLC bought a new position in Brinker International during the second quarter worth $1,500,000. IndexIQ Advisors LLC raised its stake in Brinker International by 8.5% during the second quarter. IndexIQ Advisors LLC now owns 60,593 shares of the restaurant operator’s stock worth $2,884,000 after buying an additional 4,726 shares during the last quarter. First Trust Advisors LP raised its stake in Brinker International by 46.0% during the second quarter. First Trust Advisors LP now owns 87,093 shares of the restaurant operator’s stock worth $4,146,000 after buying an additional 27,434 shares during the last quarter. Finally, Ifrah Financial Services Inc. bought a new position in Brinker International during the second quarter worth $215,000.

EAT opened at $48.95 on Thursday. Brinker International, Inc. has a 1-year low of $29.94 and a 1-year high of $54.14. The company has a quick ratio of 0.30, a current ratio of 0.36 and a debt-to-equity ratio of -2.09. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.48 and a beta of -0.04.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Tuesday, August 14th. The restaurant operator reported $1.19 earnings per share for the quarter, meeting the consensus estimate of $1.19. Brinker International had a net margin of 4.01% and a negative return on equity of 26.82%. The firm had revenue of $817.10 million during the quarter, compared to the consensus estimate of $817.93 million. During the same period in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. equities analysts predict that Brinker International, Inc. will post 3.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Friday, September 7th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, September 6th. Brinker International’s dividend payout ratio (DPR) is currently 43.43%.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Co lifted their target price on shares of Brinker International from $42.00 to $43.00 and gave the stock a “market perform” rating in a research note on Monday, August 13th. Zacks Investment Research raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Tuesday, July 3rd. Telsey Advisory Group lifted their target price on shares of Brinker International from $49.00 to $52.00 and gave the stock a “market perform” rating in a research note on Friday, June 15th. Canaccord Genuity lowered their target price on shares of Brinker International from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, August 15th. Finally, Barclays lifted their target price on shares of Brinker International from $46.00 to $50.00 and gave the stock a “$49.71” rating in a research note on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Brinker International currently has a consensus rating of “Hold” and an average target price of $45.33.

In other Brinker International news, EVP Kelli Valade sold 4,905 shares of Brinker International stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $43.37, for a total value of $212,729.85. Following the completion of the sale, the executive vice president now directly owns 74,068 shares of the company’s stock, valued at $3,212,329.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.91% of the company’s stock.

About Brinker International

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name.

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

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