Greenhouse Funds LLLP bought a new stake in Brinker International, Inc. (NYSE:EAT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 191,000 shares of the restaurant operator’s stock, valued at approximately $7,418,000. Brinker International comprises 2.1% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 17th biggest position. Greenhouse Funds LLLP owned 0.41% of Brinker International at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Hodges Capital Management Inc. purchased a new position in shares of Brinker International in the 4th quarter valued at approximately $206,000. Investors Research Corp purchased a new position in shares of Brinker International in the 4th quarter valued at approximately $218,000. Vident Investment Advisory LLC purchased a new position in shares of Brinker International in the 3rd quarter valued at approximately $221,000. Eqis Capital Management Inc. purchased a new position in shares of Brinker International in the 4th quarter valued at approximately $227,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Brinker International in the 4th quarter valued at approximately $240,000.
Several research analysts have weighed in on the company. Barclays lifted their target price on Brinker International from $41.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Zacks Investment Research downgraded Brinker International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Canaccord Genuity reiterated a “hold” rating and issued a $40.00 target price on shares of Brinker International in a research note on Thursday, December 21st. Maxim Group reiterated a “buy” rating and issued a $52.00 target price (up from $49.00) on shares of Brinker International in a research note on Thursday, January 25th. Finally, ValuEngine downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $41.08.
Shares of Brinker International, Inc. (NYSE:EAT) opened at $37.92 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.43 and a debt-to-equity ratio of -2.47. Brinker International, Inc. has a 12 month low of $29.50 and a 12 month high of $45.81. The firm has a market capitalization of $1,720.41, a P/E ratio of 11.18, a P/E/G ratio of 0.99 and a beta of 0.17.
Brinker International (NYSE:EAT) last posted its quarterly earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. The firm had revenue of $766.40 million for the quarter, compared to the consensus estimate of $773.84 million. Brinker International had a negative return on equity of 30.98% and a net margin of 4.10%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. research analysts anticipate that Brinker International, Inc. will post 3.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 9th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.52 annualized dividend and a yield of 4.01%. Brinker International’s dividend payout ratio is presently 58.02%.
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Brinker International 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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