Dean Investment Associates LLC maintained its stake in Brinker International, Inc. (NYSE:EAT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,774 shares of the restaurant operator’s stock at the close of the 2nd quarter. Dean Investment Associates LLC owned 0.05% of Brinker International worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of EAT. BlackRock Inc. increased its holdings in Brinker International by 10,393.8% during the 1st quarter. BlackRock Inc. now owns 3,975,272 shares of the restaurant operator’s stock worth $174,753,000 after purchasing an additional 3,937,390 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Brinker International during the 2nd quarter worth approximately $42,664,000. Vanguard Group Inc. increased its holdings in Brinker International by 15.4% during the 1st quarter. Vanguard Group Inc. now owns 5,544,617 shares of the restaurant operator’s stock worth $243,741,000 after purchasing an additional 738,302 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Brinker International by 33.8% during the 1st quarter. Alliancebernstein L.P. now owns 2,236,357 shares of the restaurant operator’s stock worth $98,310,000 after purchasing an additional 565,294 shares in the last quarter. Finally, FMR LLC increased its holdings in Brinker International by 114.0% during the 1st quarter. FMR LLC now owns 495,250 shares of the restaurant operator’s stock worth $21,771,000 after purchasing an additional 263,790 shares in the last quarter.

In related news, Director Michael A. George bought 16,450 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average price of $30.31 per share, with a total value of $498,599.50. Following the transaction, the director now owns 49,952 shares in the company, valued at approximately $1,514,045.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.76% of the company’s stock.

A number of brokerages have commented on EAT. Piper Jaffray Companies reissued a “hold” rating on shares of Brinker International in a report on Friday, August 11th. Barclays PLC decreased their price objective on Brinker International from $47.00 to $44.00 and set an “equal weight” rating for the company in a report on Wednesday, July 19th. BidaskClub lowered Brinker International from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. ValuEngine lowered Brinker International from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Maxim Group decreased their price objective on Brinker International from $54.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.67.

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Brinker International, Inc. (NYSE:EAT) traded up 1.80% during trading on Friday, reaching $32.78. The company had a trading volume of 214,462 shares. The firm’s 50 day moving average price is $33.29 and its 200 day moving average price is $39.07. The firm has a market capitalization of $1.59 billion, a PE ratio of 11.15 and a beta of 0.26. Brinker International, Inc. has a 12-month low of $29.50 and a 12-month high of $55.84.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.05. Brinker International had a net margin of 4.79% and a negative return on equity of 31.46%. The company had revenue of $810.66 million during the quarter, compared to the consensus estimate of $809.94 million. During the same quarter last year, the firm earned $1.24 earnings per share. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. Equities research analysts forecast that Brinker International, Inc. will post $3.24 EPS for the current year.

Brinker International announced that its board has approved a share repurchase program on Thursday, August 10th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy up to 14.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management 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 given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Brinker International’s previous quarterly dividend of $0.34. Brinker International’s payout ratio is 50.84%.

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.

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

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