Stifel Financial Corp Trims Stake in Brinker International, Inc. (EAT)

Stifel Financial Corp cut its position in shares of Brinker International, Inc. (NYSE:EAT) by 83.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,246 shares of the restaurant operator’s stock after selling 25,642 shares during the quarter. Stifel Financial Corp’s holdings in Brinker International were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EAT. Enlightenment Research LLC purchased a new stake in Brinker International during the fourth quarter valued at about $31,000. Clarus Wealth Advisors purchased a new stake in Brinker International during the fourth quarter valued at about $36,000. First Hawaiian Bank lifted its stake in Brinker International by 164.2% during the fourth quarter. First Hawaiian Bank now owns 1,770 shares of the restaurant operator’s stock valued at $78,000 after buying an additional 1,100 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Brinker International during the fourth quarter valued at about $97,000. Finally, LS Investment Advisors LLC lifted its stake in Brinker International by 55.3% during the fourth quarter. LS Investment Advisors LLC now owns 3,837 shares of the restaurant operator’s stock valued at $169,000 after buying an additional 1,366 shares in the last quarter.

A number of analysts have commented on EAT shares. Zacks Investment Research lowered shares of Brinker International from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Stifel Nicolaus raised shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Raymond James raised shares of Brinker International from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. ValuEngine raised shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $53.00 price objective (up from $49.00) on shares of Brinker International in a research note on Wednesday, January 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Brinker International presently has an average rating of “Hold” and a consensus target price of $46.40.

NYSE EAT opened at $42.75 on Friday. The company has a market capitalization of $1.60 billion, a PE ratio of 12.21, a P/E/G ratio of 1.24 and a beta of 0.14. Brinker International, Inc. has a 52-week low of $39.22 and a 52-week high of $54.14.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Tuesday, January 29th. The restaurant operator reported $0.89 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.89. The business had revenue of $790.70 million during the quarter, compared to analyst estimates of $779.19 million. Brinker International had a net margin of 4.70% and a negative return on equity of 20.64%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. As a group, research analysts anticipate that Brinker International, Inc. will post 3.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Thursday, March 7th. Brinker International’s dividend payout ratio (DPR) is 43.43%.

In related news, EVP Kelly C. Baltes purchased 800 shares of Brinker International stock in a transaction dated Wednesday, January 30th. The stock was acquired at an average cost of $41.75 per share, with a total value of $33,400.00. Following the completion of the transaction, the executive vice president now directly owns 800 shares of the company’s stock, valued at $33,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles A. Lousignont purchased 2,590 shares of Brinker International stock in a transaction dated Wednesday, February 6th. The stock was bought at an average cost of $43.00 per share, with a total value of $111,370.00. Following the completion of the transaction, the senior vice president now directly owns 14,836 shares of the company’s stock, valued at $637,948. The disclosure for this purchase can be found here. 2.72% of the stock is owned by corporate insiders.

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Brinker International 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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