Clark Estates Inc. NY purchased a new stake in Brinker International, Inc. (NYSE:EAT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 66,000 shares of the restaurant operator’s stock, valued at approximately $2,515,000. Clark Estates Inc. NY owned 0.13% of Brinker International as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Brinker International by 15.4% in the first quarter. Vanguard Group Inc. now owns 5,544,617 shares of the restaurant operator’s stock valued at $243,741,000 after buying an additional 738,302 shares during the period. BlackRock Inc. increased its stake in shares of Brinker International by 10,393.8% in the first quarter. BlackRock Inc. now owns 3,975,272 shares of the restaurant operator’s stock valued at $174,753,000 after buying an additional 3,937,390 shares during the period. Alliancebernstein L.P. increased its stake in shares of Brinker International by 33.8% in the first quarter. Alliancebernstein L.P. now owns 2,236,357 shares of the restaurant operator’s stock valued at $98,310,000 after buying an additional 565,294 shares during the period. Cooke & Bieler LP increased its stake in shares of Brinker International by 8.7% in the first quarter. Cooke & Bieler LP now owns 1,458,153 shares of the restaurant operator’s stock valued at $64,100,000 after buying an additional 116,533 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Brinker International by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,188,323 shares of the restaurant operator’s stock valued at $52,239,000 after buying an additional 14,401 shares during the period.

Shares of Brinker International, Inc. (NYSE EAT) opened at 35.32 on Friday. Brinker International, Inc. has a 52-week low of $33.41 and a 52-week high of $55.84. The firm has a market capitalization of $1.73 billion, a PE ratio of 11.53 and a beta of 0.25. The firm’s 50-day moving average price is $36.42 and its 200-day moving average price is $41.04.

Brinker International (NYSE:EAT) last issued its earnings results on Thursday, August 10th. The restaurant operator reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.05. Brinker International had a negative return on equity of 31.46% and a net margin of 4.79%. The company had revenue of $810.66 million during the quarter, compared to the consensus estimate of $809.94 million. During the same period in the previous year, the firm posted $1.24 earnings per share. Brinker International’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts predict that Brinker International, Inc. will post $3.22 earnings per share for the current fiscal year.

Brinker International declared that its Board of Directors has approved a share buyback plan on Thursday, August 10th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the restaurant operator to purchase up to 14.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Friday, September 8th will be paid a $0.38 dividend. This is an increase from Brinker International’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Thursday, September 7th. Brinker International’s payout ratio is presently 45.48%.

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EAT has been the topic of several recent research reports. Raymond James Financial, Inc. restated a “market perform” rating on shares of Brinker International in a report on Monday, July 24th. Oppenheimer Holdings, Inc. restated an “outperform” rating on shares of Brinker International in a report on Friday, April 21st. CIBC restated an “outperform” rating on shares of Brinker International in a report on Friday, April 21st. BMO Capital Markets restated a “sell” rating on shares of Brinker International in a report on Wednesday, April 26th. Finally, Zacks Investment Research downgraded Brinker International from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Brinker International presently has an average rating of “Hold” and an average price target of $46.31.

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.

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

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