Brinker International Inc. (NYSE:EAT) – Stock analysts at KeyCorp cut their Q1 2017 EPS estimates for shares of Brinker International in a report released on Wednesday. KeyCorp analyst C. O’cull now anticipates that the firm will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.56.
Brinker International (NYSE:EAT) last issued its quarterly earnings data on Thursday, August 11th. The company reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.01. Brinker International had a negative return on equity of 114.14% and a net margin of 6.16%. The business earned $881.70 million during the quarter, compared to analysts’ expectations of $881.43 million. During the same period in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis.
A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $56.00 target price on shares of Brinker International in a research note on Wednesday, September 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $47.00 target price on shares of Brinker International in a research note on Thursday, September 1st. Canaccord Genuity initiated coverage on Brinker International in a research note on Monday, August 22nd. They issued a “hold” rating and a $56.00 target price on the stock. Argus reaffirmed a “hold” rating on shares of Brinker International in a research note on Thursday, August 18th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and issued a $55.00 target price (up previously from $49.00) on shares of Brinker International in a research note on Saturday, August 13th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $53.83.
Shares of Brinker International (NYSE:EAT) opened at 50.31 on Monday. The stock has a 50 day moving average price of $52.47 and a 200-day moving average price of $47.91. The firm has a market capitalization of $2.76 billion, a PE ratio of 14.71 and a beta of 0.26. Brinker International has a 52 week low of $43.20 and a 52 week high of $55.16.
Several institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of Brinker International by 4.1% in the first quarter. State Street Corp now owns 1,711,631 shares of the company’s stock valued at $78,653,000 after buying an additional 67,579 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Brinker International by 4.1% in the second quarter. Prudential Financial Inc. now owns 510,393 shares of the company’s stock worth $23,239,000 after buying an additional 20,057 shares in the last quarter. Denver Investment Advisors LLC acquired a new position in shares of Brinker International during the second quarter worth about $12,272,000. Springbok Capital Management LLC boosted its position in shares of Brinker International by 601.0% in the first quarter. Springbok Capital Management LLC now owns 14,616 shares of the company’s stock worth $672,000 after buying an additional 12,531 shares in the last quarter. Finally, First Quadrant L P CA boosted its position in shares of Brinker International by 79,449.6% in the second quarter. First Quadrant L P CA now owns 97,846 shares of the company’s stock worth $4,455,000 after buying an additional 97,723 shares in the last quarter.
In other news, insider Wyman Roberts sold 41,722 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $53.00, for a total transaction of $2,211,266.00. Following the transaction, the insider now owns 114,746 shares of the company’s stock, valued at $6,081,538. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Roy Doyle sold 15,187 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $54.32, for a total transaction of $824,957.84. Following the transaction, the senior vice president now directly owns 54,200 shares in the company, valued at approximately $2,944,144. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Friday, September 9th were given a dividend of $0.34 per share. This is a boost from Brinker International’s previous quarterly dividend of $0.32. The ex-dividend date was Wednesday, September 7th. This represents a $1.36 annualized dividend and a dividend yield of 2.70%. Brinker International’s dividend payout ratio (DPR) is presently 39.42%.
Brinker International Company 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.
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