Brinker International (NYSE:EAT) has received an average rating of “Hold” from the nineteen research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $41.60.
A number of brokerages recently weighed in on EAT. ValuEngine downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays cut their price objective on Brinker International from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 31st. BMO Capital Markets reissued a “hold” rating on shares of Brinker International in a research note on Wednesday, January 31st. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $39.00 price objective (up from $37.00) on shares of Brinker International in a research note on Wednesday, January 31st.
Shares of Brinker International stock traded up $0.53 during trading on Wednesday, hitting $39.87. 1,130,988 shares of the stock traded hands, compared to its average volume of 1,588,304. The firm has a market cap of $1,794.56, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.03 and a beta of 0.06. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.43 and a quick ratio of 0.38. Brinker International has a twelve month low of $29.50 and a twelve month high of $45.81.
Brinker International (NYSE:EAT) last announced its quarterly earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.15. The business had revenue of $766.40 million during the quarter, compared to analyst estimates of $773.84 million. Brinker International had a negative return on equity of 30.98% and a net margin of 4.10%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. equities research analysts predict that Brinker International will post 3.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 9th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend was Thursday, March 8th. Brinker International’s dividend payout ratio is currently 47.50%.
In other Brinker International news, VP Michaela M. Ware sold 830 shares of Brinker International stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $34.08, for a total value of $28,286.40. Following the transaction, 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 document filed with the SEC, which is accessible through this link. Also, Director Andres Tinajero sold 200,000 shares of Brinker International stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $0.57, for a total value of $114,000.00. Insiders own 1.91% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in Brinker International by 5.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,163,984 shares of the restaurant operator’s stock worth $45,210,000 after buying an additional 57,478 shares during the period. Legal & General Group Plc increased its position in Brinker International by 11.4% in the 3rd quarter. Legal & General Group Plc now owns 66,922 shares of the restaurant operator’s stock worth $2,137,000 after buying an additional 6,841 shares during the period. ArrowMark Colorado Holdings LLC bought a new position in Brinker International in the 4th quarter worth approximately $9,907,000. Public Employees Retirement System of Ohio bought a new position in Brinker International in the 3rd quarter worth approximately $1,299,000. Finally, KBC Group NV increased its position in Brinker International by 17.2% in the 4th quarter. KBC Group NV now owns 368,328 shares of the restaurant operator’s stock worth $14,306,000 after buying an additional 54,160 shares during the period.
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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