Headlines about Brinker International (NYSE:EAT) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brinker International earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the restaurant operator an impact score of 44.7031010859565 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s rankings:
- Insider Selling: Brinker International, Inc. (EAT) Insider Sells 33,683 Shares of Stock (americanbankingnews.com)
- Coravin Says Buon Appetito To Maggiano’s Little Italy® As Restaurant Now Offers Entire Wine List By-the-Glass (finance.yahoo.com)
- Brinker International (EAT) Shares Cross Above 200 DMA (nasdaq.com)
- Nvidia Is 1 of 30 Well-Known Stocks That Look Ready to Abruptly Change Direction (finance.yahoo.com)
Shares of Brinker International (NYSE:EAT) opened at $37.69 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of -2.51. The stock has a market cap of $1,793.74, a P/E ratio of 12.26, a P/E/G ratio of 1.22 and a beta of 0.24. Brinker International has a 12-month low of $29.50 and a 12-month high of $54.43.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 8th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.52 annualized dividend and a yield of 4.03%. Brinker International’s dividend payout ratio (DPR) is 54.87%.
Brinker International announced that its Board of Directors has initiated a stock repurchase plan on Thursday, August 10th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the restaurant operator to purchase up to 14.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
Several brokerages have issued reports on EAT. BMO Capital Markets set a $36.00 target price on shares of Brinker International and gave the stock a “hold” rating in a report on Saturday, August 12th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Brinker International in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $40.00 target price (down from $49.00) on shares of Brinker International in a report on Wednesday, August 9th. Maxim Group reaffirmed a “buy” rating and issued a $49.00 target price (down from $54.00) on shares of Brinker International in a report on Wednesday, August 9th. Finally, Barclays reduced their price target on shares of Brinker International from $44.00 to $41.00 and set an “equal weight” rating for the company in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. Brinker International presently has an average rating of “Hold” and a consensus target price of $40.50.
In related news, SVP Charles A. Lousignont sold 3,364 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were 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 $497,442. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Wyman Roberts sold 33,683 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $37.88, for a total transaction 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. Insiders own 1.91% of the company’s stock.
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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