Brinker International, Inc. (NYSE:EAT) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.38 per share by the restaurant operator on Thursday, December 26th. This represents a $1.52 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Thursday, December 5th.
Shares of EAT traded up $0.66 during midday trading on Friday, reaching $45.11. 47,345 shares of the company were exchanged, compared to its average volume of 888,878. The stock has a 50-day moving average price of $42.31 and a 200-day moving average price of $40.57. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.83 and a beta of 0.27. Brinker International has a 1-year low of $36.44 and a 1-year high of $53.61.
Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.41 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.41. The company had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $802.16 million. Brinker International had a negative return on equity of 18.81% and a net margin of 4.81%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Analysts anticipate that Brinker International will post 4.17 EPS for the current year.
A number of research analysts have commented on EAT shares. Raymond James boosted their price objective on Brinker International from $47.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday. KeyCorp started coverage on Brinker International in a research note on Tuesday, July 23rd. They set a “sector weight” rating and a $45.00 price objective on the stock. Loop Capital boosted their price objective on Brinker International to $49.00 and gave the stock a “hold” rating in a research note on Thursday. BMO Capital Markets set a $36.00 price objective on Brinker International and gave the stock a “sell” rating in a research note on Friday, August 16th. Finally, Zacks Investment Research cut Brinker International from a “buy” rating to a “hold” rating and set a $45.00 price objective on the stock. in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $46.56.
Brinker International Company Profile
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.
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