Brinker International Inc. (NYSE:EAT) shot up 2.2% during mid-day trading on Monday . The company traded as high as $49.41 and last traded at $49.34, with a volume of 1,016,792 shares traded. The stock had previously closed at $48.30.

A number of brokerages have issued reports on EAT. Telsey Advisory Group upped their target price on Brinker International from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Brinker International in a research report on Sunday, June 12th. Barclays PLC reaffirmed a “hold” rating on shares of Brinker International in a research report on Sunday, June 12th. Zacks Investment Research raised Brinker International from a “sell” rating to a “hold” rating in a research report on Monday, June 13th. Finally, Sterne Agee CRT reaffirmed a “buy” rating and set a $51.00 target price on shares of Brinker International in a research report on Monday, June 13th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $52.76.

The firm’s 50 day moving average price is $46.65 and its 200 day moving average price is $46.94. The firm has a market capitalization of $2.75 billion and a P/E ratio of 15.17.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 10th were issued a $0.32 dividend. The ex-dividend date was Wednesday, June 8th. This represents a $1.28 annualized dividend and a dividend yield of 2.59%.

In other news, VP Joseph G. Taylor sold 2,500 shares of Brinker International stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $46.87, for a total value of $117,175.00. Following the transaction, the vice president now owns 2,492 shares in the company, valued at $116,800.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Thomas Jr. Edwards acquired 5,500 shares of the firm’s stock in a transaction dated Wednesday, April 27th. The stock was bought at an average price of $45.50 per share, for a total transaction of $250,250.00. Following the acquisition, the chief financial officer now owns 20,056 shares of the company’s stock, valued at approximately $912,548. The disclosure for this purchase can be found here.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Schroder Investment Management Group increased its position in Brinker International by 75.4% in the fourth quarter. Schroder Investment Management Group now owns 531,002 shares of the company’s stock valued at $25,462,000 after buying an additional 228,202 shares in the last quarter. Matarin Capital Management LLC bought a new position in Brinker International during the fourth quarter valued at approximately $4,842,000. Dean Investment Associates LLC bought a new position in Brinker International during the fourth quarter valued at approximately $2,950,000. Wells Fargo & Company MN increased its position in Brinker International by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,041,203 shares of the company’s stock valued at $49,925,000 after buying an additional 36,363 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its position in Brinker International by 37.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 131,984 shares of the company’s stock valued at $6,329,000 after buying an additional 35,627 shares in the last quarter.

Brinker International, Inc (Brinker) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. At September 24, 2014, the Company owned, operated or franchised 1,622 restaurants in the United States and 29 countries and two territories outside of the United States.

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