Brinker International, Inc. (EAT) Shares Bought by Cortina Asset Management LLC

Cortina Asset Management LLC raised its stake in Brinker International, Inc. (NYSE:EAT) by 30.7% during the fourth quarter, Holdings Channel reports. The fund owned 262,931 shares of the company’s stock after buying an additional 61,821 shares during the period. Cortina Asset Management LLC’s holdings in Brinker International were worth $13,023,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Bruderman Asset Management LLC increased its stake in Brinker International by 0.5% in the third quarter. Bruderman Asset Management LLC now owns 2,565 shares of the company’s stock valued at $129,000 after buying an additional 14 shares during the last quarter. BlackRock Advisors LLC increased its stake in Brinker International by 0.3% in the third quarter. BlackRock Advisors LLC now owns 32,052 shares of the company’s stock valued at $1,616,000 after buying an additional 82 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in Brinker International by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 7,833 shares of the company’s stock valued at $395,000 after buying an additional 106 shares during the last quarter. LS Investment Advisors LLC increased its stake in Brinker International by 5.2% in the third quarter. LS Investment Advisors LLC now owns 3,580 shares of the company’s stock valued at $181,000 after buying an additional 178 shares during the last quarter. Finally, Charter Trust Co. increased its stake in Brinker International by 4.0% in the third quarter. Charter Trust Co. now owns 8,253 shares of the company’s stock valued at $416,000 after buying an additional 321 shares during the last quarter.

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

Shares of Brinker International, Inc. (NYSE:EAT) traded up 0.055% during mid-day trading on Tuesday, hitting $45.575. The stock had a trading volume of 643,886 shares. Brinker International, Inc. has a one year low of $43.18 and a one year high of $55.84. The stock has a market cap of $2.23 billion, a P/E ratio of 14.114 and a beta of 0.23. The firm has a 50 day moving average of $46.46 and a 200-day moving average of $50.29.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by $0.03. Brinker International had a negative return on equity of 49.35% and a net margin of 5.49%. The business had revenue of $771 million for the quarter, compared to analysts’ expectations of $792.60 million. During the same period in the prior year, the company earned $0.78 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts expect that Brinker International, Inc. will post $3.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Friday, March 10th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, March 8th. Brinker International’s dividend payout ratio is presently 42.24%.

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A number of equities research analysts have issued reports on the company. BMO Capital Markets set a $42.00 price target on Brinker International and gave the company a “sell” rating in a research note on Saturday, January 21st. Maxim Group cut their price target on Brinker International from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, January 26th. RBC Capital Markets cut their price target on Brinker International from $52.00 to $49.00 and set a “sector perform” rating for the company in a research note on Thursday, January 26th. Telsey Advisory Group cut their price target on Brinker International from $52.00 to $49.00 and set a “market perform” rating for the company in a research note on Thursday, January 26th. Finally, Zacks Investment Research downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $52.27.

In other Brinker International news, EVP Kelli Valade sold 10,500 shares of the stock in a transaction on Friday, February 10th. The stock was sold at an average price of $45.81, for a total transaction of $481,005.00. Following the transaction, the executive vice president now owns 65,919 shares of the company’s stock, valued at approximately $3,019,749.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steve Provost sold 9,728 shares of the stock in a transaction on Friday, November 18th. The stock was sold at an average price of $53.91, for a total value of $524,436.48. Following the transaction, the insider now directly owns 13,372 shares in the company, valued at approximately $720,884.52. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Brinker International Company Profile

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.

5 Day Chart for NYSE:EAT

Want to see what other hedge funds are holding EAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brinker International, Inc. (NYSE:EAT).

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