Brinker International, Inc. (EAT) Stake Cut by Teachers Advisors LLC

Teachers Advisors LLC lowered its position in Brinker International, Inc. (NYSE:EAT) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,357 shares of the company’s stock after selling 10,001 shares during the period. Teachers Advisors LLC owned approximately 0.36% of Brinker International worth $9,953,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. BlackRock Advisors LLC increased its position 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 period. First Citizens Bank & Trust Co. increased its position 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 period. Charter Trust Co. increased its position 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 period. CenturyLink Investment Management Co increased its position in Brinker International by 1.2% in the third quarter. CenturyLink Investment Management Co now owns 30,866 shares of the company’s stock valued at $1,557,000 after buying an additional 355 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Brinker International by 5.3% in the third quarter. State of Alaska Department of Revenue now owns 7,103 shares of the company’s stock valued at $358,000 after buying an additional 358 shares during the period.

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

Brinker International, Inc. (NYSE:EAT) traded down 0.51% during mid-day trading on Wednesday, hitting $47.28. The stock had a trading volume of 157,909 shares. Brinker International, Inc. has a 12-month low of $43.30 and a 12-month high of $55.84. The company has a 50-day moving average of $51.55 and a 200-day moving average of $50.60. The firm has a market cap of $2.35 billion, a PE ratio of 14.18 and a beta of 0.21.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by $0.06. The firm had revenue of $758.50 million for the quarter, compared to analyst estimates of $773.19 million. Brinker International had a negative return on equity of 68.57% and a net margin of 5.86%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.56 earnings per share. Analysts expect that Brinker International, Inc. will post $3.40 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Friday, December 9th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, December 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.86%. Brinker International’s payout ratio is 40.84%.

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Several equities research analysts recently commented on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $54.00 price target on shares of Brinker International in a report on Wednesday, December 7th. BMO Capital Markets cut Brinker International from a “market perform” rating to an “underperform” rating and cut their price target for the company from $46.00 to $45.00 in a report on Thursday, December 15th. They noted that the move was a valuation call. Canaccord Genuity reaffirmed a “hold” rating and issued a $45.00 price target on shares of Brinker International in a report on Thursday, December 15th. J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $56.00 price target on shares of Brinker International in a report on Wednesday, September 28th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $50.00 price target on shares of Brinker International in a report on Sunday, October 23rd. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $52.96.

In related news, VP Joseph G. Taylor sold 1,500 shares of the stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $51.69, for a total value of $77,535.00. Following the completion of the sale, the vice president now directly owns 2,000 shares in the company, valued at approximately $103,380. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steve Provost sold 9,728 shares of the stock in a transaction on Friday, November 18th. The shares were sold at an average price of $53.91, for a total value of $524,436.48. Following the completion of the sale, the insider now owns 13,372 shares of the company’s stock, valued at $720,884.52. The disclosure for this sale can be found here. 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

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