Canaccord Genuity restated their hold rating on shares of Brinker International (NYSE:EAT) in a research note released on Friday. Canaccord Genuity currently has a $43.00 target price on the restaurant operator’s stock.
A number of other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Brinker International from a hold rating to a sell rating in a research note on Tuesday, January 2nd. ValuEngine lowered Brinker International from a buy rating to a hold rating in a research note on Sunday, December 31st. Royal Bank of Canada reissued a hold rating and set a $39.00 price target on shares of Brinker International in a research note on Wednesday, January 24th. Barclays reissued an equal weight rating and set a $41.00 price target (up from $37.00) on shares of Brinker International in a research note on Tuesday, January 16th. Finally, Maxim Group reaffirmed a buy rating and set a $52.00 target price (up from $49.00) on shares of Brinker International in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $41.25.
Shares of EAT stock opened at $39.83 on Friday. Brinker International has a 52-week low of $29.50 and a 52-week high of $45.81. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.43 and a quick ratio of 0.38. The company has a market cap of $1,846.00, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 1.07 and a beta of 0.06.
Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.15. Brinker International had a negative return on equity of 30.98% and a net margin of 4.10%. The firm had revenue of $766.40 million during the quarter, compared to analyst estimates of $773.84 million. During the same period last year, the company earned $0.71 EPS. Brinker International’s quarterly revenue was down .6% compared to the same quarter last year. research analysts expect that Brinker International will post 3.43 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 9th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Thursday, March 8th. Brinker International’s dividend payout ratio (DPR) is presently 47.50%.
In other Brinker International news, VP Michaela M. Ware sold 830 shares of Brinker International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.08, for a total transaction of $28,286.40. Following the completion of the sale, the vice president now directly owns 8,181 shares of the company’s stock, valued at approximately $278,808.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.91% of the company’s stock.
Several large investors have recently made changes to their positions in EAT. Hodges Capital Management Inc. purchased a new position in shares of Brinker International in the 4th quarter valued at $206,000. Investors Research Corp purchased a new position in shares of Brinker International in the 4th quarter valued at $218,000. Eqis Capital Management Inc. purchased a new position in shares of Brinker International in the 4th quarter valued at $227,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Brinker International in the 4th quarter valued at $240,000. Finally, ING Groep NV purchased a new position in shares of Brinker International in the 4th quarter valued at $271,000.
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Brinker International Company Profile
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name.
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