Barclays reaffirmed their equal weight rating on shares of Brinker International (NYSE:EAT) in a research note released on Tuesday morning, Marketbeat reports. The brokerage currently has a $41.00 target price on the restaurant operator’s stock, up from their previous target price of $37.00.
Several other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Brinker International from a hold rating to a buy rating and set a $35.00 price target on the stock in a report on Friday, October 13th. Maxim Group reaffirmed a buy rating and issued a $49.00 price target on shares of Brinker International in a report on Thursday, November 2nd. Canaccord Genuity reaffirmed a hold rating and issued a $40.00 price target on shares of Brinker International in a report on Thursday, December 21st. Telsey Advisory Group decreased their price target on shares of Brinker International from $40.00 to $37.00 and set a market perform rating on the stock in a report on Tuesday, September 19th. Finally, ValuEngine cut Brinker International from a buy rating to a hold rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $40.82.
Brinker International (EAT) traded up $0.25 during trading on Tuesday, hitting $37.27. 856,800 shares of the stock traded hands, compared to its average volume of 1,365,017. The company has a market capitalization of $1,770.00, a PE ratio of 13.45, a P/E/G ratio of 0.83 and a beta of 0.24. Brinker International has a 52-week low of $29.50 and a 52-week high of $47.23. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of -2.51.
Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $739.40 million during the quarter, compared to the consensus estimate of $749.05 million. Brinker International had a negative return on equity of 30.36% and a net margin of 4.39%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. equities research analysts forecast that Brinker International will post 3.32 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 8th were paid a $0.38 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a yield of 4.08%. Brinker International’s dividend payout ratio is presently 54.87%.
In other Brinker International news, SVP Charles A. Lousignont sold 3,364 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $33.00, for a total transaction of $111,012.00. Following the completion of the sale, the senior vice president now directly owns 15,074 shares in the company, valued at $497,442. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Wyman Roberts sold 33,683 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $37.88, for a total transaction of $1,275,912.04. Following the sale, the insider now owns 137,572 shares of the company’s stock, valued at $5,211,227.36. The disclosure for this sale can be found here. In the last three months, insiders sold 237,047 shares of company stock worth $1,500,924. 1.91% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Brinker International by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,198,052 shares of the restaurant operator’s stock valued at $45,647,000 after buying an additional 9,729 shares during the period. Gotham Asset Management LLC boosted its position in Brinker International by 348.9% during the second quarter. Gotham Asset Management LLC now owns 421,534 shares of the restaurant operator’s stock valued at $16,060,000 after buying an additional 327,637 shares during the period. BlackRock Inc. boosted its position in Brinker International by 27.8% during the second quarter. BlackRock Inc. now owns 5,080,271 shares of the restaurant operator’s stock valued at $193,557,000 after buying an additional 1,104,999 shares during the period. Bank of Nova Scotia purchased a new stake in Brinker International during the second quarter valued at about $4,243,000. Finally, Koch Industries Inc. purchased a new stake in Brinker International during the second quarter valued at about $533,000.
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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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