Brinker International Inc. (NYSE:EAT) – Equities research analysts at KeyCorp upped their FY2017 earnings estimates for shares of Brinker International in a report issued on Wednesday. KeyCorp analyst C. O’cull now forecasts that the brokerage will post earnings of $3.48 per share for the year, up from their previous estimate of $3.45.
Other research analysts have also recently issued research reports about the company. Maxim Group restated a “buy” rating and issued a $55.00 price target (down previously from $58.00) on shares of Brinker International in a research note on Tuesday, June 7th. Sterne Agee CRT restated a “buy” rating and issued a $51.00 price target on shares of Brinker International in a research note on Monday, June 13th. JPMorgan Chase & Co. restated a “buy” rating on shares of Brinker International in a research note on Sunday, June 12th. Barclays PLC boosted their price target on Brinker International from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Friday, June 10th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $49.00 price target on shares of Brinker International in a research note on Tuesday, June 7th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $53.83.
Brinker International (NYSE:EAT) opened at 50.43 on Friday. Brinker International has a 52 week low of $43.20 and a 52 week high of $55.16. The company has a market cap of $2.77 billion, a P/E ratio of 14.75 and a beta of 0.32. The firm has a 50-day moving average price of $52.69 and a 200 day moving average price of $47.84.
Brinker International (NYSE:EAT) last issued its earnings results on Thursday, August 11th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.23 by $0.01. Brinker International had a negative return on equity of 114.14% and a net margin of 6.16%. The business earned $881.70 million during the quarter, compared to the consensus estimate of $881.43 million. During the same quarter last year, the company earned $0.94 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Friday, September 9th were paid a $0.34 dividend. This is a positive change from Brinker International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.70%. Brinker International’s dividend payout ratio is 39.42%.
In other news, insider Wyman Roberts sold 41,722 shares of the company’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $53.00, for a total value of $2,211,266.00. Following the completion of the transaction, the insider now owns 114,746 shares of the company’s stock, valued at $6,081,538. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Joseph G. Taylor sold 672 shares of the company’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $53.44, for a total value of $35,911.68. Following the completion of the transaction, the vice president now directly owns 1,000 shares of the company’s stock, valued at approximately $53,440. The disclosure for this sale can be found here. 2.27% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC acquired a new position in Brinker International during the second quarter worth $1,157,000. Schwab Charles Investment Management Inc. raised its position in Brinker International by 35.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 272,426 shares of the company’s stock worth $12,404,000 after buying an additional 71,604 shares during the period. Stifel Financial Corp raised its position in Brinker International by 4.8% in the second quarter. Stifel Financial Corp now owns 39,007 shares of the company’s stock worth $1,776,000 after buying an additional 1,778 shares during the period. Arvest Bank Trust Division raised its position in Brinker International by 0.6% in the second quarter. Arvest Bank Trust Division now owns 199,601 shares of the company’s stock worth $9,088,000 after buying an additional 1,103 shares during the period. Finally, Amalgamated Bank raised its position in Brinker International by 35.8% in the second quarter. Amalgamated Bank now owns 9,690 shares of the company’s stock worth $511,000 after buying an additional 2,556 shares during the period.
Brinker International Company Profile
Brinker International, Inc (Brinker) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. At September 24, 2014, the Company owned, operated or franchised 1,622 restaurants in the United States and 29 countries and two territories outside of the United States.
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