Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Brinker International (EAT) Stock Price
News coverage about Brinker International (NYSE:EAT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brinker International earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 46.1540331148807 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Zacks Investment Research Upgrades Brinker International, Inc. (EAT) to Hold (americanbankingnews.com)
- Brokerages Anticipate Brinker International, Inc. (EAT) Will Announce Quarterly Sales of $747.21 Million (americanbankingnews.com)
- Brinker International Stock Sees Short Interest Expand By 14.8% (marketnewsvideo.com)
- 5 High-Yielding Stocks in 3 Surprising Industries (finance.yahoo.com)
- Brinker International, Inc. (EAT) Cut to Hold at ValuEngine (techkenyot.com)
A number of brokerages have issued reports on EAT. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $40.00 price target (down from $49.00) on shares of Brinker International in a research note on Wednesday, August 9th. Maxim Group reaffirmed a “buy” rating and set a $49.00 price target on shares of Brinker International in a research note on Tuesday, September 12th. Barclays PLC decreased their price target on Brinker International from $44.00 to $41.00 and set an “equal weight” rating for the company in a research note on Friday, August 11th. Piper Jaffray Companies reissued a “hold” rating on shares of Brinker International in a research note on Friday, August 11th. Finally, Zacks Investment Research raised Brinker International from a “sell” rating to a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. Brinker International presently has an average rating of “Hold” and an average price target of $45.67.
Shares of Brinker International (EAT) traded up 2.39% during mid-day trading on Friday, hitting $32.97. The stock had a trading volume of 1,894,957 shares. The stock’s 50-day moving average price is $33.20 and its 200-day moving average price is $39.00. Brinker International has a 12-month low of $29.50 and a 12-month high of $55.84. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 11.21 and a beta of 0.26.
Brinker International (NYSE:EAT) last announced its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.05. Brinker International had a net margin of 4.79% and a negative return on equity of 31.46%. The company had revenue of $810.66 million during the quarter, compared to analyst estimates of $809.94 million. During the same quarter in the previous year, the business earned $1.24 EPS. The firm’s revenue was down 8.1% on a year-over-year basis. On average, equities analysts anticipate that Brinker International will post $3.24 EPS for the current fiscal year.
Brinker International declared that its Board of Directors has initiated a stock repurchase plan on Thursday, August 10th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the restaurant operator to buy up to 14.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Friday, September 8th will be issued a $0.38 dividend. This is a positive change from Brinker International’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.61%. Brinker International’s payout ratio is 50.84%.
In other news, Director Michael A. George purchased 16,450 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was bought at an average price of $30.31 per share, with a total value of $498,599.50. Following the acquisition, the director now directly owns 49,952 shares of the company’s stock, valued at $1,514,045.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.76% of the stock is owned by insiders.
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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.
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