Hancock Whitney Corp Trims Stock Position in Brinker International, Inc. (NYSE:EAT)

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Hancock Whitney Corp reduced its stake in shares of Brinker International, Inc. (NYSE:EAT) by 57.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,586 shares of the restaurant operator’s stock after selling 64,784 shares during the quarter. Hancock Whitney Corp’s holdings in Brinker International were worth $1,998,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Huntington National Bank purchased a new stake in shares of Brinker International in the 4th quarter worth about $32,000. Tower Research Capital LLC TRC grew its position in shares of Brinker International by 117.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,248 shares of the restaurant operator’s stock worth $53,000 after buying an additional 674 shares during the period. CWM LLC grew its position in shares of Brinker International by 505.0% in the 4th quarter. CWM LLC now owns 1,688 shares of the restaurant operator’s stock worth $71,000 after buying an additional 1,409 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Brinker International by 48,525.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,945 shares of the restaurant operator’s stock worth $83,000 after buying an additional 1,941 shares during the period. Finally, Wealthstreet Investment Advisors LLC purchased a new stake in shares of Brinker International in the 3rd quarter worth about $228,000.

EAT opened at $41.57 on Friday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 10.40, a P/E/G ratio of 1.26 and a beta of 0.24. The company’s 50-day simple moving average is $42.85 and its two-hundred day simple moving average is $42.16. Brinker International, Inc. has a 52-week low of $36.44 and a 52-week high of $47.57.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, January 29th. The restaurant operator reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.06. The business had revenue of $869.30 million for the quarter, compared to analysts’ expectations of $876.95 million. Brinker International had a net margin of 4.21% and a negative return on equity of 22.42%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 EPS. Research analysts forecast that Brinker International, Inc. will post 4.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, March 5th. Brinker International’s dividend payout ratio is currently 38.68%.

A number of analysts have recently weighed in on EAT shares. Piper Jaffray Companies raised shares of Brinker International from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $39.00 to $54.00 in a research report on Thursday, October 31st. Morgan Stanley upped their price target on shares of Brinker International from $39.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, December 19th. Raymond James upped their price target on shares of Brinker International from $47.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. ValuEngine upgraded shares of Brinker International from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Goldman Sachs Group started coverage on shares of Brinker International in a research note on Thursday, December 12th. They issued a “buy” rating and a $50.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.95.

Brinker International Company 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.

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

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