Shares of Brinker International, Inc. (NYSE:EAT) have earned an average rating of “Hold” from the seventeen brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $45.31.
A number of analysts recently issued reports on the company. Telsey Advisory Group lifted their target price on Brinker International from $49.00 to $52.00 and gave the company a “market perform” rating in a research report on Friday, June 15th. Morgan Stanley lifted their target price on Brinker International from $35.00 to $37.00 and gave the company an “underweight” rating in a research report on Monday, July 16th. Barclays lifted their target price on Brinker International from $46.00 to $50.00 and gave the company a “$49.71” rating in a research report on Wednesday, July 18th. Zacks Investment Research downgraded Brinker International from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Finally, BMO Capital Markets downgraded Brinker International from an “outperform” rating to an “underperform” rating and lowered their target price for the company from $43.00 to $40.00 in a research report on Monday, September 24th.
Shares of Brinker International stock opened at $45.16 on Wednesday. The stock has a market capitalization of $1.91 billion, a PE ratio of 12.93, a PEG ratio of 1.38 and a beta of -0.06. Brinker International has a one year low of $29.94 and a one year high of $54.14. The company has a debt-to-equity ratio of -2.09, a quick ratio of 0.30 and a current ratio of 0.36.
Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, August 14th. The restaurant operator reported $1.19 EPS for the quarter, meeting analysts’ consensus estimates of $1.19. The company had revenue of $817.10 million for the quarter, compared to analyst estimates of $817.93 million. Brinker International had a negative return on equity of 26.82% and a net margin of 4.01%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share. Analysts predict that Brinker International will post 3.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Friday, September 7th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Thursday, September 6th. Brinker International’s dividend payout ratio (DPR) is presently 43.43%.
In other Brinker International news, EVP Kelli Valade sold 4,905 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $43.37, for a total transaction of $212,729.85. Following the transaction, the executive vice president now owns 74,068 shares of the company’s stock, valued at $3,212,329.16. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.91% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Martingale Asset Management L P increased its position in Brinker International by 1.0% during the second quarter. Martingale Asset Management L P now owns 156,960 shares of the restaurant operator’s stock worth $7,472,000 after buying an additional 1,595 shares during the last quarter. Hancock Holding Co. increased its position in Brinker International by 5.3% during the first quarter. Hancock Holding Co. now owns 37,002 shares of the restaurant operator’s stock worth $1,336,000 after buying an additional 1,848 shares during the last quarter. Foster & Motley Inc. increased its position in Brinker International by 11.9% during the second quarter. Foster & Motley Inc. now owns 20,873 shares of the restaurant operator’s stock worth $994,000 after buying an additional 2,217 shares during the last quarter. LifePlan Financial Group Inc acquired a new position in Brinker International during the second quarter worth approximately $112,000. Finally, FMR LLC increased its position in Brinker International by 0.6% during the second quarter. FMR LLC now owns 401,477 shares of the restaurant operator’s stock worth $19,110,000 after buying an additional 2,544 shares during the last quarter.
About Brinker International
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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