Brinker International, Inc. (NYSE:EAT)‘s stock had its “outperform” rating restated by equities researchers at Oppenheimer Holdings Inc. in a research report issued on Friday, StockTargetPrices.com reports.
A number of other research firms have also weighed in on EAT. Canaccord Genuity reiterated a “hold” rating and issued a $43.00 price objective on shares of Brinker International in a research report on Friday, February 24th. Telsey Advisory Group lowered shares of Brinker International from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $60.00 to $52.00 in a research report on Wednesday, January 4th. Zacks Investment Research upgraded shares of Brinker International from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Royal Bank of Canada lowered their price objective on shares of Brinker International from $52.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 26th. Finally, Morgan Stanley lowered shares of Brinker International from an “equal weight” rating to an “underweight” rating and set a $47.00 price objective on the stock. in a research report on Tuesday, January 17th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $49.86.
Shares of Brinker International (NYSE:EAT) opened at 44.66 on Friday. Brinker International has a 52-week low of $40.92 and a 52-week high of $55.84. The firm’s 50-day moving average is $42.76 and its 200 day moving average is $47.41. The stock has a market cap of $2.18 billion, a P/E ratio of 13.83 and a beta of 0.23.
Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, January 25th. The restaurant operator reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by $0.04. Brinker International had a net margin of 5.49% and a negative return on equity of 49.35%. The firm earned $771 million during the quarter, compared to analysts’ expectations of $792.60 million. During the same quarter last year, the business earned $0.78 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts forecast that Brinker International will post $3.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Stockholders of record on Friday, March 10th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Wednesday, March 8th. Brinker International’s dividend payout ratio (DPR) is presently 42.24%.
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In other news, Director Harriet Edelman sold 3,218 shares of Brinker International stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $42.45, for a total transaction of $136,604.10. Following the completion of the transaction, the director now owns 22,059 shares of the company’s stock, valued at approximately $936,404.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelli Valade sold 10,500 shares of Brinker International stock in a transaction on Friday, February 10th. The stock was sold at an average price of $45.81, for a total value of $481,005.00. Following the transaction, the executive vice president now directly owns 65,919 shares of the company’s stock, valued at approximately $3,019,749.39. The disclosure for this sale can be found here. Insiders have sold a total of 14,218 shares of company stock valued at $639,039 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in Brinker International during the fourth quarter valued at about $168,000. LS Investment Advisors LLC increased its position in Brinker International by 5.2% in the third quarter. LS Investment Advisors LLC now owns 3,580 shares of the restaurant operator’s stock valued at $181,000 after buying an additional 178 shares during the period. Shelton Capital Management purchased a new position in Brinker International during the fourth quarter valued at about $204,000. Ifrah Financial Services Inc. purchased a new position in Brinker International during the third quarter valued at about $213,000. Finally, Pacer Advisors Inc. increased its position in Brinker International by 13.1% in the third quarter. Pacer Advisors Inc. now owns 4,300 shares of the restaurant operator’s stock valued at $217,000 after buying an additional 498 shares during the period.
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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