Brinker International Inc. (NYSE:EAT)’s share price dropped 3.5% during trading on Tuesday . The stock traded as low as $47.48 and last traded at $47.60, with a volume of 831,327 shares. The stock had previously closed at $49.34.

EAT has been the topic of several recent analyst reports. Piper Jaffray Cos. upped their price objective on shares of Brinker International from $43.00 to $50.00 in a report on Monday, March 28th. Citigroup Inc. upped their price objective on shares of Brinker International from $49.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, March 28th. KeyCorp upped their price objective on shares of Brinker International from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, March 28th. Maxim Group upped their price objective on shares of Brinker International from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, April 12th. Finally, BTIG Research restated a “buy” rating and issued a $57.00 price objective on shares of Brinker International in a report on Monday, April 18th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $52.76.

The firm’s 50 day moving average is $46.65 and its 200 day moving average is $46.94. The stock has a market cap of $2.64 billion and a price-to-earnings ratio of 14.54.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 10th were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, June 8th. This represents a $1.28 annualized dividend and a yield of 2.71%.

In related news, CFO Thomas Jr. Edwards purchased 5,500 shares of the stock in a transaction on Wednesday, April 27th. The shares were bought at an average price of $45.50 per share, for a total transaction of $250,250.00. Following the completion of the acquisition, the chief financial officer now directly owns 20,056 shares in the company, valued at approximately $912,548. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Joseph G. Taylor sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The shares were 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 approximately $116,800.04. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in shares of 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 during the period. Hodges Capital Management Inc. increased its position in shares of Brinker International by 2.2% in the fourth quarter. Hodges Capital Management Inc. now owns 686,134 shares of the company’s stock valued at $32,900,000 after buying an additional 14,946 shares during the period. Schroder Investment Management Group increased its stake in shares of 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 during the last quarter. Principal Financial Group Inc. increased its stake in shares of Brinker International by 1.4% in the fourth quarter. Principal Financial Group Inc. now owns 193,680 shares of the company’s stock valued at $9,286,000 after buying an additional 2,607 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Brinker International by 2.8% in the fourth quarter. First Trust Advisors LP now owns 144,462 shares of the company’s stock valued at $6,927,000 after buying an additional 3,875 shares during 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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