Brinker International (EAT) Cut to “Hold” at ValuEngine

ValuEngine cut shares of Brinker International (NYSE:EAT) from a buy rating to a hold rating in a research note released on Sunday, December 31st.

Other equities research analysts have also issued reports about the company. Zacks Investment Research raised Brinker International from a sell rating to a hold rating in a research report on Monday, September 4th. Stifel Nicolaus began coverage on Brinker International in a research report on Monday, October 2nd. They issued a hold rating and a $36.00 target price on the stock. Stephens decreased their price target on Brinker International from $40.00 to $34.00 and set an equal weight rating for the company in a research note on Wednesday, October 11th. Telsey Advisory Group decreased their price target on Brinker International from $40.00 to $37.00 and set a market perform rating for the company in a research note on Tuesday, September 19th. Finally, Canaccord Genuity reissued a hold rating on shares of Brinker International in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $40.50.

Brinker International (NYSE:EAT) opened at $37.09 on Friday. The company has a market capitalization of $1,720.00, a P/E ratio of 13.39, a PEG ratio of 1.23 and a beta of 0.24. The company has a debt-to-equity ratio of -2.51, a quick ratio of 0.28 and a current ratio of 0.34. Brinker International has a one year low of $29.50 and a one year high of $48.02.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). The firm had revenue of $739.40 million for the quarter, compared to analyst estimates of $749.05 million. Brinker International had a net margin of 4.39% and a negative return on equity of 30.36%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. sell-side analysts anticipate that Brinker International will post 3.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 8th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Thursday, December 7th. Brinker International’s dividend payout ratio (DPR) is presently 54.87%.

In related news, SVP Charles A. Lousignont sold 3,364 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $33.00, for a total value of $111,012.00. Following the transaction, the senior vice president now directly owns 15,074 shares of the company’s stock, valued at approximately $497,442. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wyman Roberts sold 33,683 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $37.88, for a total value of $1,275,912.04. Following the completion of the transaction, the insider now directly owns 137,572 shares in the company, valued at $5,211,227.36. The disclosure for this sale can be found here. 1.91% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Brinker International by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 5,874,194 shares of the restaurant operator’s stock valued at $223,806,000 after buying an additional 329,577 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Brinker International by 16.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,154,891 shares of the restaurant operator’s stock valued at $168,822,000 after buying an additional 726,427 shares during the last quarter. BlackRock Inc. grew its holdings in Brinker International by 27.8% in the 2nd quarter. BlackRock Inc. now owns 5,080,271 shares of the restaurant operator’s stock valued at $193,557,000 after buying an additional 1,104,999 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Brinker International by 9.2% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,647,296 shares of the restaurant operator’s stock valued at $84,343,000 after buying an additional 223,269 shares during the last quarter. Finally, State Street Corp grew its holdings in Brinker International by 18.4% in the 2nd quarter. State Street Corp now owns 1,710,040 shares of the restaurant operator’s stock valued at $65,148,000 after buying an additional 265,437 shares during the last quarter.

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About Brinker International

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Brinker International (NYSE:EAT)

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