Alambic Investment Management L.P. Sells 125,000 Shares of Brinker International, Inc. (EAT)

Alambic Investment Management L.P. cut its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 94.2% during the 4th quarter, Holdings Channel reports. The firm owned 7,700 shares of the restaurant operator’s stock after selling 125,000 shares during the quarter. Alambic Investment Management L.P.’s holdings in Brinker International were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Brinker International by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,198,052 shares of the restaurant operator’s stock worth $45,647,000 after buying an additional 9,729 shares in the last quarter. Bank of Nova Scotia bought a new position in Brinker International during the second quarter valued at approximately $4,243,000. Legal & General Group Plc grew its position in Brinker International by 11.4% during the third quarter. Legal & General Group Plc now owns 66,922 shares of the restaurant operator’s stock valued at $2,137,000 after acquiring an additional 6,841 shares during the last quarter. Koch Industries Inc. bought a new position in Brinker International during the second quarter valued at approximately $533,000. Finally, Epoch Investment Partners Inc. grew its position in Brinker International by 25.2% during the third quarter. Epoch Investment Partners Inc. now owns 425,265 shares of the restaurant operator’s stock valued at $13,549,000 after acquiring an additional 85,557 shares during the last quarter.

In related news, insider Wyman Roberts sold 33,683 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 137,572 shares of the company’s stock, valued at $5,211,227.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andres Tinajero sold 200,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $0.57, for a total value of $114,000.00. Company insiders own 1.91% of the company’s stock.

A number of brokerages have commented on EAT. Citigroup increased their price target on shares of Brinker International from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Brinker International from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Friday, February 2nd. ValuEngine cut shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada reissued a “hold” rating and set a $40.00 price objective on shares of Brinker International in a research note on Wednesday, January 31st. Finally, Barclays dropped their price objective on Brinker International from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $41.08.

Shares of Brinker International, Inc. (NYSE EAT) opened at $33.47 on Friday. The firm has a market capitalization of $1,550.00, a P/E ratio of 12.77, a PEG ratio of 0.75 and a beta of 0.12. Brinker International, Inc. has a 52 week low of $29.50 and a 52 week high of $46.16. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.28 and a current ratio of 0.43.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 9th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Thursday, March 8th. Brinker International’s payout ratio is 58.02%.

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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.

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

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