ING Groep NV Purchases New Position in Brinker International, Inc. (EAT)

ING Groep NV purchased a new position in shares of Brinker International, Inc. (NYSE:EAT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 6,985 shares of the restaurant operator’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Brinker International by 10.4% during the second quarter. Royal Bank of Canada now owns 9,573 shares of the restaurant operator’s stock worth $364,000 after buying an additional 899 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Brinker International by 6.5% during the fourth quarter. Victory Capital Management Inc. now owns 24,341 shares of the restaurant operator’s stock worth $945,000 after buying an additional 1,476 shares in the last quarter. Edmp Inc. increased its holdings in shares of Brinker International by 16.8% during the fourth quarter. Edmp Inc. now owns 11,155 shares of the restaurant operator’s stock worth $424,000 after buying an additional 1,605 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Brinker International by 2.7% during the third quarter. TD Asset Management Inc. now owns 61,372 shares of the restaurant operator’s stock worth $1,955,000 after buying an additional 1,638 shares in the last quarter. Finally, Commonwealth Equity Services Inc increased its holdings in shares of Brinker International by 2.6% during the third quarter. Commonwealth Equity Services Inc now owns 66,965 shares of the restaurant operator’s stock worth $2,133,000 after buying an additional 1,698 shares in the last quarter.

Shares of Brinker International, Inc. (NYSE EAT) opened at $32.67 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of -2.47. Brinker International, Inc. has a fifty-two week low of $29.50 and a fifty-two week high of $45.81. The company has a market cap of $1,523.89, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 0.71 and a beta of 0.12.

Brinker International (NYSE:EAT) last released its earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. Brinker International had a net margin of 4.10% and a negative return on equity of 30.98%. The firm had revenue of $766.40 million during the quarter, compared to analyst estimates of $773.84 million. During the same quarter in the previous year, the business earned $0.71 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. equities analysts forecast that Brinker International, Inc. will post 3.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Thursday, March 8th. Brinker International’s dividend payout ratio is presently 58.02%.

In other Brinker International news, insider Wyman Roberts sold 33,683 shares of Brinker International stock in a transaction on 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 completion of the sale, the insider now owns 137,572 shares of the company’s stock, valued at approximately $5,211,227.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michaela M. Ware sold 830 shares of Brinker International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.08, for a total transaction of $28,286.40. Following the sale, the vice president now directly owns 8,181 shares of the company’s stock, valued at approximately $278,808.48. The disclosure for this sale can be found here. Insiders have sold a total of 234,513 shares of company stock valued at $1,418,198 in the last ninety days. Company insiders own 1.91% of the company’s stock.

Several analysts have recently weighed in on EAT shares. Zacks Investment Research lowered shares of Brinker International from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Maxim Group reaffirmed a “buy” rating and set a $49.00 price objective on shares of Brinker International in a report on Thursday, November 2nd. ValuEngine lowered shares of Brinker International from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Canaccord Genuity reissued a “hold” rating and issued a $40.00 price target on shares of Brinker International in a report on Thursday, December 21st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $39.00 price target on shares of Brinker International in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.08.

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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.

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).

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

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