Dimensional Fund Advisors LP Has $42.16 Million Stake in Brinker International, Inc. (EAT)

Dimensional Fund Advisors LP lifted its stake in shares of Brinker International, Inc. (NYSE:EAT) by 10.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,323,378 shares of the restaurant operator’s stock after buying an additional 125,326 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Brinker International were worth $42,164,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EAT. BlackRock Inc. raised its holdings in shares of Brinker International by 27.8% during the 2nd quarter. BlackRock Inc. now owns 5,080,271 shares of the restaurant operator’s stock worth $193,557,000 after acquiring an additional 1,104,999 shares during the period. Balyasny Asset Management LLC increased its position in shares of Brinker International by 3,244.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 899,246 shares of the restaurant operator’s stock worth $34,261,000 after purchasing an additional 872,358 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Brinker International by 16.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,154,891 shares of the restaurant operator’s stock worth $168,822,000 after purchasing an additional 726,427 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Brinker International by 97.9% during the 3rd quarter. Bessemer Group Inc. now owns 1,303,134 shares of the restaurant operator’s stock worth $41,518,000 after purchasing an additional 644,700 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of Brinker International during the 2nd quarter worth about $533,000.

Brinker International, Inc. (EAT) opened at $37.06 on Wednesday. The firm has a market capitalization of $1,740.00, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.23 and a beta of 0.24. The company has a debt-to-equity ratio of -2.51, a current ratio of 0.34 and a quick ratio of 0.28. Brinker International, Inc. has a 52-week low of $29.50 and a 52-week high of $48.03.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $739.40 million during the quarter, compared to analyst estimates of $749.05 million. Brinker International had a net margin of 4.39% and a negative return on equity of 30.36%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. equities research analysts anticipate that Brinker International, Inc. will post 3.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 8th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.10%. The ex-dividend date was Thursday, December 7th. Brinker International’s dividend payout ratio is currently 54.87%.

A number of analysts recently issued reports on EAT shares. Telsey Advisory Group cut their price objective on Brinker International from $40.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, September 19th. Zacks Investment Research downgraded Brinker International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Stephens cut their price objective on Brinker International from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. Maxim Group reissued a “buy” rating and set a $49.00 price objective on shares of Brinker International in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus started coverage on Brinker International in a research report on Monday, October 2nd. They set a “hold” rating and a $36.00 price objective for the company. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. Brinker International currently has a consensus rating of “Hold” and a consensus target price of $40.50.

In other Brinker International news, insider Wyman Roberts sold 33,683 shares of Brinker International stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $37.88, for a total value of $1,275,912.04. Following the completion of the transaction, the insider now directly owns 137,572 shares of the company’s stock, valued at approximately $5,211,227.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Charles A. Lousignont sold 3,364 shares of Brinker International stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $33.00, for a total value of $111,012.00. Following the completion of the transaction, the senior vice president now directly owns 15,074 shares of the company’s stock, valued at $497,442. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

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About Brinker International

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.

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

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