Brinker International (EAT) Stock Rating Reaffirmed by Barclays
Barclays reissued their equal weight rating on shares of Brinker International (NYSE:EAT) in a research report report published on Tuesday morning, MarketBeat.com reports. They currently have a $41.00 target price on the restaurant operator’s stock, up from their previous target price of $37.00.
A number of other research firms have also recently issued reports on EAT. Zacks Investment Research cut Brinker International from a hold rating to a sell rating in a report on Tuesday, January 2nd. Canaccord Genuity restated a hold rating and set a $40.00 price objective on shares of Brinker International in a report on Thursday, December 21st. ValuEngine cut Brinker International from a buy rating to a hold rating in a report on Sunday, December 31st. BMO Capital Markets restated a hold rating on shares of Brinker International in a report on Monday, November 6th. Finally, Stephens dropped their price objective on Brinker International from $40.00 to $34.00 and set an equal weight rating for the company in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $41.33.
Brinker International (NYSE:EAT) traded up $0.19 during midday trading on Tuesday, hitting $37.02. The stock had a trading volume of 1,439,044 shares, compared to its average volume of 1,411,218. The company has a market cap of $1,700.00, a P/E ratio of 13.36, a P/E/G ratio of 0.85 and a beta of 0.24. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of -2.51. Brinker International has a 52-week low of $29.50 and a 52-week high of $47.23.
Brinker International (NYSE:EAT) last released its earnings results on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Brinker International had a net margin of 4.39% and a negative return on equity of 30.36%. The company had revenue of $739.40 million for the quarter, compared to the consensus estimate of $749.05 million. During the same period in the prior year, the firm posted $0.49 EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. research analysts expect that Brinker International will post 3.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 8th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Thursday, December 7th. Brinker International’s dividend payout ratio is 54.87%.
In related news, SVP Charles A. Lousignont sold 3,364 shares of the company’s stock in a transaction 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 directly owns 15,074 shares in the company, valued at approximately $497,442. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wyman Roberts sold 33,683 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was 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 $5,211,227.36. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Creative Planning increased its holdings in shares of Brinker International by 25.1% in the fourth quarter. Creative Planning now owns 8,750 shares of the restaurant operator’s stock valued at $340,000 after purchasing an additional 1,755 shares during the period. Edmp Inc. increased its holdings in shares of Brinker International by 16.8% in the fourth quarter. Edmp Inc. now owns 11,155 shares of the restaurant operator’s stock valued at $424,000 after purchasing an additional 1,605 shares during the period. Atria Investments LLC increased its holdings in shares of Brinker International by 161.4% in the fourth quarter. Atria Investments LLC now owns 31,746 shares of the restaurant operator’s stock valued at $1,233,000 after purchasing an additional 19,601 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Brinker International by 8.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 44,850 shares of the restaurant operator’s stock valued at $1,742,000 after purchasing an additional 3,650 shares during the period. Finally, AXA increased its holdings in shares of Brinker International by 21.5% in the third quarter. AXA now owns 186,760 shares of the restaurant operator’s stock valued at $5,950,000 after purchasing an additional 33,000 shares during the period.
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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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