GSA Capital Partners LLP decreased its position in shares of Brinker International Inc. (NYSE:EAT) by 25.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,830 shares of the company’s stock after selling 2,943 shares during the period. GSA Capital Partners LLP’s holdings in Brinker International were worth $402,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in EAT. Ladenburg Thalmann Financial Services Inc. raised its position in Brinker International by 4.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,032 shares of the company’s stock worth $139,000 after buying an additional 140 shares during the last quarter. Charter Trust Co. raised its position in Brinker International by 2.9% in the second quarter. Charter Trust Co. now owns 7,932 shares of the company’s stock worth $361,000 after buying an additional 221 shares during the last quarter. Commonwealth Equity Services Inc raised its position in Brinker International by 2.1% in the first quarter. Commonwealth Equity Services Inc now owns 12,584 shares of the company’s stock worth $578,000 after buying an additional 263 shares during the last quarter. State of Alaska Department of Revenue raised its position in Brinker International by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 6,745 shares of the company’s stock worth $307,000 after buying an additional 468 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in Brinker International by 6.8% in the second quarter. First Citizens Bank & Trust Co. now owns 7,727 shares of the company’s stock worth $352,000 after buying an additional 490 shares during the last quarter.

Shares of Brinker International Inc. (NYSE:EAT) traded up 0.69% during mid-day trading on Wednesday, reaching $51.07. The company’s stock had a trading volume of 876,747 shares. Brinker International Inc. has a 1-year low of $43.20 and a 1-year high of $55.16. The firm’s 50 day moving average price is $51.63 and its 200-day moving average price is $47.67. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 14.93 and a beta of 0.32.

Brinker International (NYSE:EAT) last released its earnings results on Thursday, August 11th. The company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.01. The company earned $881.70 million during the quarter, compared to the consensus estimate of $881.43 million. Brinker International had a net margin of 6.16% and a negative return on equity of 114.14%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS. On average, analysts predict that Brinker International Inc. will post $3.45 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, September 9th will be given a $0.34 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $1.36 annualized dividend and a dividend yield of 2.66%. This is an increase from Brinker International’s previous quarterly dividend of $0.32. Brinker International’s payout ratio is presently 39.42%.

A number of research firms have weighed in on EAT. Barclays PLC reiterated a “hold” rating on shares of Brinker International in a research note on Sunday, June 12th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Brinker International in a research note on Sunday, June 12th. BTIG Research restated a “neutral” rating on shares of Brinker International in a research note on Thursday, June 9th. Sterne Agee CRT restated a “buy” rating and issued a $51.00 price target on shares of Brinker International in a research note on Monday, June 13th. Finally, Piper Jaffray Cos. lifted their price target on Brinker International from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, August 12th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $53.74.

In other news, insider Krista M. Gibson sold 19,000 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $53.27, for a total value of $1,012,130.00. Following the completion of the sale, the insider now owns 37,225 shares of the company’s stock, valued at approximately $1,982,975.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph G. Taylor sold 672 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $53.44, for a total transaction of $35,911.68. Following the completion of the sale, the vice president now directly owns 1,000 shares of the company’s stock, valued at approximately $53,440. The disclosure for this sale can be found here. 2.27% of the stock is currently owned by insiders.

About Brinker International

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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