Brinker International Inc. (NYSE:EAT) Receives Consensus Recommendation of “Hold” from Brokerages
Brinker International Inc. (NYSE:EAT) has received a consensus rating of “Hold” from the twenty-nine analysts that are currently covering the firm. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $53.69.
A number of research analysts have commented on the company. Barclays PLC restated a “hold” rating on shares of Brinker International in a research note on Sunday, June 12th. JPMorgan Chase & Co. restated a “buy” rating on shares of Brinker International in a research note on Sunday, June 12th. BTIG Research restated a “neutral” rating on shares of Brinker International in a research note on Thursday, June 9th. Sterne Agee CRT restated a “buy” rating and issued a $51.00 target price on shares of Brinker International in a research note on Monday, June 13th. Finally, Telsey Advisory Group boosted their target price on Brinker International from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, August 12th.
In other news, insider Wyman Roberts sold 41,722 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $53.00, for a total value of $2,211,266.00. Following the sale, the insider now directly owns 114,746 shares in the company, valued at approximately $6,081,538. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Joseph G. Taylor sold 672 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $53.44, for a total value of $35,911.68. Following the completion of the sale, the vice president now owns 1,000 shares in the company, valued at $53,440. The disclosure for this sale can be found here. 2.27% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc raised its stake in Brinker International by 2.1% in the first quarter. Commonwealth Equity Services Inc now owns 12,584 shares of the company’s stock valued at $578,000 after buying an additional 263 shares in the last quarter. Nisa Investment Advisors L.L.C. raised its stake in Brinker International by 5.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 44,700 shares of the company’s stock valued at $2,054,000 after buying an additional 2,500 shares in the last quarter. Ramsey Quantitative Systems raised its stake in Brinker International by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 13,856 shares of the company’s stock valued at $637,000 after buying an additional 718 shares in the last quarter. Edmp Inc. raised its stake in Brinker International by 9.7% in the first quarter. Edmp Inc. now owns 8,285 shares of the company’s stock valued at $381,000 after buying an additional 735 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new stake in Brinker International during the first quarter valued at $1,390,000.
Shares of Brinker International (NYSE:EAT) opened at 52.30 on Friday. The firm’s 50-day moving average price is $52.55 and its 200-day moving average price is $47.78. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 15.29 and a beta of 0.32. Brinker International has a 52 week low of $43.20 and a 52 week high of $55.16.
Brinker International (NYSE:EAT) last issued its quarterly earnings results on Thursday, August 11th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.01. Brinker International had a negative return on equity of 114.14% and a net margin of 6.16%. The business had revenue of $881.70 million for the quarter, compared to the consensus estimate of $881.43 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. Brinker International’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities research analysts expect that Brinker International will post $3.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, September 9th will be paid a $0.34 dividend. This is a positive change from Brinker International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Wednesday, September 7th. Brinker International’s dividend payout ratio is currently 39.42%.
About Brinker International
Brinker International, Inc (Brinker) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. At September 24, 2014, the Company owned, operated or franchised 1,622 restaurants in the United States and 29 countries and two territories outside of the United States.
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