Equities Analysts Set Expectations for Brinker International Inc.’s Q1 2017 Earnings (EAT)
Brinker International Inc. (NYSE:EAT) – Equities researchers at KeyCorp dropped their Q1 2017 earnings estimates for shares of Brinker International in a note issued to investors on Wednesday. KeyCorp analyst C. O’cull now anticipates that the brokerage will post earnings of $0.55 per share for the quarter, down from their prior estimate of $0.56.
Brinker International (NYSE:EAT) last released its quarterly earnings data on Thursday, August 11th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.01. The business earned $881.70 million during the quarter, compared to the consensus estimate of $881.43 million. Brinker International had a negative return on equity of 114.14% and a net margin of 6.16%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS.
EAT has been the topic of several other research reports. Telsey Advisory Group lifted their price target on shares of Brinker International from $56.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, August 12th. Royal Bank Of Canada restated a “hold” rating and issued a $49.00 price target on shares of Brinker International in a research report on Tuesday, June 7th. Maxim Group restated a “buy” rating and issued a $58.00 price target (up previously from $55.00) on shares of Brinker International in a research report on Friday, August 12th. BMO Capital Markets restated a “hold” rating and issued a $47.00 price target on shares of Brinker International in a research report on Thursday, September 1st. Finally, Argus restated a “hold” rating on shares of Brinker International in a research report on Thursday, August 18th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $53.83.
Shares of Brinker International (NYSE:EAT) opened at 50.31 on Monday. The stock’s 50 day moving average price is $52.47 and its 200-day moving average price is $47.91. Brinker International has a 12-month low of $43.20 and a 12-month high of $55.16. The firm has a market capitalization of $2.76 billion, a P/E ratio of 14.71 and a beta of 0.26.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bruderman Asset Management LLC increased its position in Brinker International by 82.5% in the second quarter. Bruderman Asset Management LLC now owns 2,551 shares of the company’s stock valued at $116,000 after buying an additional 1,153 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Brinker International during the first quarter valued at $129,000. LS Investment Advisors LLC raised its stake in shares of Brinker International by 59.4% in the second quarter. LS Investment Advisors LLC now owns 3,402 shares of the company’s stock valued at $155,000 after buying an additional 1,268 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Brinker International during the second quarter valued at $173,000. Finally, Citigroup Inc. raised its stake in shares of Brinker International by 400.2% in the second quarter. Citigroup Inc. now owns 4,367 shares of the company’s stock valued at $198,000 after buying an additional 3,494 shares during the period.
In other news, SVP David Roy Doyle sold 15,187 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $54.32, for a total transaction of $824,957.84. Following the transaction, the senior vice president now owns 54,200 shares in the company, valued at approximately $2,944,144. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Joseph G. Taylor sold 672 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $53.44, for a total transaction of $35,911.68. Following the transaction, the vice president now owns 1,000 shares in the company, valued at approximately $53,440. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Friday, September 9th were issued a dividend of $0.34 per share. This is an increase from Brinker International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.36 annualized dividend and a dividend yield of 2.70%. Brinker International’s payout ratio is presently 39.42%.
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.
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