Evercore ISI began coverage on shares of Brinker International (NYSE:EAT) in a research report report published on Tuesday, BenzingaRatingsTable reports. The brokerage issued an in-line rating and a $40.00 target price on the restaurant operator’s stock.
A number of other research firms have also issued reports on EAT. UBS Group began coverage on Brinker International in a report on Friday, April 26th. They set a sell rating and a $39.00 target price on the stock. Zacks Investment Research lowered Brinker International from a buy rating to a hold rating in a report on Tuesday, April 9th. Maxim Group reaffirmed a buy rating on shares of Brinker International in a report on Wednesday, April 24th. Finally, ValuEngine cut Brinker International from a hold rating to a sell rating in a research note on Tuesday, April 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $44.86.
NYSE:EAT opened at $39.54 on Tuesday. The stock has a market cap of $1.52 billion, a P/E ratio of 11.30, a PEG ratio of 1.27 and a beta of 0.24. Brinker International has a 52-week low of $36.82 and a 52-week high of $54.14.
Brinker International (NYSE:EAT) last released its earnings results on Tuesday, April 30th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.06. The firm had revenue of $839.30 million for the quarter, compared to analyst estimates of $831.16 million. Brinker International had a negative return on equity of 19.10% and a net margin of 4.75%. Brinker International’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 earnings per share. Analysts anticipate that Brinker International will post 3.93 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, June 7th will be paid a $0.38 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.52 dividend on an annualized basis and a yield of 3.84%. Brinker International’s dividend payout ratio is currently 43.43%.
In related news, EVP Kelly C. Baltes purchased 800 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of $42.05 per share, with a total value of $33,640.00. Following the purchase, the executive vice president now owns 13,134 shares of the company’s stock, valued at approximately $552,284.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.72% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Weiss Asset Management LP acquired a new stake in Brinker International in the 1st quarter worth approximately $258,000. Schonfeld Strategic Advisors LLC lifted its holdings in Brinker International by 79.7% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 172,200 shares of the restaurant operator’s stock worth $7,642,000 after purchasing an additional 76,352 shares during the last quarter. One Wealth Advisors LLC lifted its holdings in Brinker International by 43.6% in the 1st quarter. One Wealth Advisors LLC now owns 8,108 shares of the restaurant operator’s stock worth $360,000 after purchasing an additional 2,460 shares during the last quarter. Man Group plc lifted its holdings in Brinker International by 171.4% in the 1st quarter. Man Group plc now owns 220,603 shares of the restaurant operator’s stock worth $9,791,000 after purchasing an additional 139,307 shares during the last quarter. Finally, SEI Investments Co lifted its holdings in Brinker International by 798.3% in the 1st quarter. SEI Investments Co now owns 28,512 shares of the restaurant operator’s stock worth $1,266,000 after purchasing an additional 25,338 shares during the last quarter.
Brinker International Company Profile
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.
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