Brinker International, Inc. (NYSE:EAT) has received a consensus rating of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $41.50.
Several research analysts have weighed in on the company. Stifel Nicolaus assumed 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. ValuEngine lowered Brinker International from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered Brinker International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. BMO Capital Markets reissued a “hold” rating on shares of Brinker International in a report on Monday, November 6th. Finally, Canaccord Genuity reissued a “hold” rating and set a $40.00 price objective on shares of Brinker International in a report on Sunday, October 1st.
In related news, SVP Charles A. Lousignont sold 3,364 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $33.00, for a total transaction of $111,012.00. Following the completion of the sale, the senior vice president now owns 15,074 shares in the company, valued at approximately $497,442. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Wyman Roberts sold 33,683 shares of the 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 sale, the insider now owns 137,572 shares of the company’s stock, valued at approximately $5,211,227.36. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Profund Advisors LLC boosted its stake in Brinker International by 0.8% during the 2nd quarter. Profund Advisors LLC now owns 6,849 shares of the restaurant operator’s stock valued at $261,000 after purchasing an additional 57 shares during the period. D.A. Davidson & CO. boosted its stake in Brinker International by 2.2% during the 2nd quarter. D.A. Davidson & CO. now owns 7,832 shares of the restaurant operator’s stock valued at $298,000 after purchasing an additional 166 shares during the period. California Public Employees Retirement System boosted its stake in Brinker International by 0.4% during the 2nd quarter. California Public Employees Retirement System now owns 170,054 shares of the restaurant operator’s stock valued at $6,479,000 after purchasing an additional 600 shares during the period. Thrivent Financial For Lutherans boosted its stake in Brinker International by 7.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 9,925 shares of the restaurant operator’s stock valued at $378,000 after purchasing an additional 680 shares during the period. Finally, Royal Bank of Canada boosted its stake in Brinker International by 10.4% during the 2nd quarter. Royal Bank of Canada now owns 9,573 shares of the restaurant operator’s stock valued at $364,000 after purchasing an additional 899 shares during the period.
Shares of Brinker International (EAT) traded down $1.86 during mid-day trading on Monday, reaching $37.89. The company’s stock had a trading volume of 1,723,808 shares, compared to its average volume of 1,217,760. 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 12 month low of $29.50 and a 12 month high of $48.03. The firm has a market cap of $1,750.00, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.23 and a beta of 0.24.
Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Brinker International had a negative return on equity of 30.36% and a net margin of 4.39%. The firm had revenue of $739.40 million during the quarter, compared to analyst estimates of $749.05 million. During the same period in the previous year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. sell-side analysts forecast that Brinker International will post 3.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 8th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, December 7th. Brinker International’s dividend payout ratio is 54.87%.
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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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