Favorable News Coverage Somewhat Likely to Affect Brinker International (NYSE:EAT) Share Price
News articles about Brinker International (NYSE:EAT) have been trending positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing 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 news sentiment score of 0.44 on Accern’s scale. Accern also assigned media coverage about the restaurant operator an impact score of 64 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Brinker International, Inc. To Host Fourth Quarter Fiscal 2017 Earnings Call (finance.yahoo.com)
- Brinker International, Inc. (EAT) Price Target Lowered to $49.00 at Maxim Group (americanbankingnews.com)
- Brinker International, Inc. (EAT) Scheduled to Post Earnings on Thursday (americanbankingnews.com)
- Critical Survey: BJ’s Restaurants (BJRI) and Brinker International (NYSE:EAT) (americanbankingnews.com)
- Brinker International, Inc. (NYSE:EAT) Downgraded by BidaskClub (americanbankingnews.com)
Several research firms have commented on EAT. Barclays PLC dropped their price objective on shares of Brinker International from $47.00 to $44.00 and set an “equal weight” rating for the company in a report on Wednesday, July 19th. BidaskClub downgraded shares of Brinker International from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. ValuEngine downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Maxim Group reduced their price objective on shares of Brinker International from $54.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Zacks Investment Research lowered shares of Brinker International from a “hold” rating to a “strong sell” rating in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $46.54.
Shares of Brinker International (EAT) traded down 1.91% during midday trading on Thursday, reaching $34.38. 918,817 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $37.21 and its 200 day moving average price is $41.61. Brinker International has a 1-year low of $34.18 and a 1-year high of $55.84. The stock has a market capitalization of $1.68 billion, a P/E ratio of 11.38 and a beta of 0.25.
In other Brinker International news, EVP Steve Provost sold 2,750 shares of Brinker International stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $44.06, for a total transaction of $121,165.00. Following the transaction, the executive vice president now directly owns 29,780 shares of the company’s stock, valued at $1,312,106.80. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.76% 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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