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 Video: What is a Stock Split?
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| Brinker International owns, develops, operates and franchises the Chili's® Grill & Bar (Chili's) and Maggiano's Little Italy® (Maggiano's) restaurant brands, as well as certain virtual brands including It's Just Wings® and Maggiano's Italian Classics®. Chili's is engaged in the casual dining industry. Chili's menu includes burgers, fajitas, baby back ribs and margaritas. Maggiano's is a casual restaurant brand providing Italian-American cuisine. Co.'s virtual brands, It's Just Wings, is a no-frills offering that consists of chicken wings available in a variety of different sauces and rubs, curly fries, ranch dressing and hand pies. According to our EAT split history records, Brinker International has had 6 splits. | |
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Brinker International (EAT) has 6 splits in our EAT split history database. The first split for EAT took place on March 15, 1991. This was a 3 for 2
split, meaning for each 2
shares of EAT owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. EAT's second split took place on November 27, 1991. This was a 3 for 2
split, meaning for each 2
shares of EAT owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. EAT's third split took place on May 14, 1993. This was a 3 for 2
split, meaning for each 2
shares of EAT owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. EAT's 4th split took place on March 31, 1994. This was a 3 for 2
split, meaning for each 2
shares of EAT owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. EAT's 5th split took place on January 17, 2001. This was a 3 for 2 split, meaning for each 2 shares of EAT owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split. EAT's 6th split took place on December 01, 2006. This was a 3 for 2 split, meaning for each 2 shares of EAT owned pre-split, the shareholder now owned 3 shares. For example, a 7593.75 share position pre-split, became a 11390.625 share position following the split.
When a company such as Brinker International splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the EAT split history from start to finish, an original position size of 1000 shares would have turned into 11390.625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Brinker International shares, starting with a $10,000 purchase of EAT, presented on a split-history-adjusted basis factoring in the complete EAT split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
03/28/2023 |
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| Start price/share: |
$37.46 |
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| End price/share: |
$35.88 |
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| Starting shares: |
266.95 |
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| Ending shares: |
328.57 |
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| Dividends reinvested/share: |
$9.10 |
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| Total return: |
17.89% |
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| Average Annual Total Return: |
1.66% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,788.06 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
03/28/2023 |
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| Start price/share: |
$37.46 |
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| End price/share: |
$35.88 |
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| Dividends collected/share: |
$9.10 |
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| Total return: |
20.07% |
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| Average Annual Total Return: |
1.85% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,010.05 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 03/15/1991 | 3 for 2
| | 11/27/1991 | 3 for 2
| | 05/14/1993 | 3 for 2
| | 03/31/1994 | 3 for 2
| | 01/17/2001 | 3 for 2 | | 12/01/2006 | 3 for 2 |
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