Brinker International, Inc. (NYSE:EAT) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Brinker International, Inc. (NYSE:EAT) posted its quarterly earnings results on Thursday. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.05, Bloomberg Earnings reports. Brinker International had a net margin of 5.05% and a negative return on equity of 39.89%. The business had revenue of $810.66 million during the quarter, compared to the consensus estimate of $809.94 million. During the same quarter last year, the firm posted $1.24 EPS. Brinker International’s revenue was down 8.1% compared to the same quarter last year. Brinker International updated its FY18 guidance to $3.25-3.35 EPS.

Brinker International (EAT) traded up 1.81% during midday trading on Thursday, hitting $34.89. The stock had a trading volume of 3,683,242 shares. The firm has a 50 day moving average of $36.55 and a 200 day moving average of $41.17. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 11.39 and a beta of 0.25. Brinker International has a 52 week low of $33.53 and a 52 week high of $55.84.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.36%. This is a boost from Brinker International’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, September 7th. Brinker International’s payout ratio is presently 44.16%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board increased its position in Brinker International by 64.8% in the first quarter. Canada Pension Plan Investment Board now owns 498,600 shares of the restaurant operator’s stock worth $21,918,000 after buying an additional 196,000 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Brinker International by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 19,564 shares of the restaurant operator’s stock worth $860,000 after buying an additional 200 shares in the last quarter. First Mercantile Trust Co. increased its position in Brinker International by 28.8% in the first quarter. First Mercantile Trust Co. now owns 7,340 shares of the restaurant operator’s stock worth $323,000 after buying an additional 1,640 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in Brinker International by 10.6% in the first quarter. Glen Harbor Capital Management LLC now owns 133,960 shares of the restaurant operator’s stock worth $5,889,000 after buying an additional 12,818 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its position in Brinker International by 41.5% in the first quarter. Sit Investment Associates Inc. now owns 25,650 shares of the restaurant operator’s stock worth $1,128,000 after buying an additional 7,525 shares in the last quarter.

Several analysts recently issued reports on the stock. Barclays PLC reduced their price target on shares of Brinker International from $47.00 to $44.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 19th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Brinker International in a research note on Monday, July 24th. Royal Bank Of Canada restated a “sector perform” rating and set a $40.00 price objective (down from $49.00) on shares of Brinker International in a research note on Wednesday. Maxim Group restated a “buy” rating and set a $54.00 price objective on shares of Brinker International in a research note on Tuesday, April 25th. Finally, BMO Capital Markets upgraded Brinker International from an “underperform” rating to a “market perform” rating and set a $40.00 price objective on the stock in a research note on Thursday, June 22nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.54.

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Brinker International Company Profile

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.

Earnings History for Brinker International (NYSE:EAT)

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