Brinker International Inc. (EAT) Announces Quarterly Dividend of $0.24
Brinker International (NYSE:EAT) announced a quarterly dividend on Thursday, February 6th, Analyst Ratings Network reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.24 per share on Thursday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 1.98%.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a research note to investors on Monday, January 27th. On the ratings front, analysts at Zacks reiterated an “outperform” rating on shares of Brinker International in a research note to investors on Friday, January 24th. They now have a $60.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Brinker International from $51.00 to $54.00 in a research note to investors on Thursday, January 23rd. They now have an “overweight” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $47.19.
Shares of Brinker International (NYSE:EAT) traded up 2.21% during mid-day trading on Thursday, hitting $48.47. 769,640 shares of the company’s stock traded hands. Brinker International has a 1-year low of $30.89 and a 1-year high of $50.74. The stock has a 50-day moving average of $46.77 and a 200-day moving average of $43.52. The company has a market cap of $3.238 billion and a P/E ratio of 20.09.
Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, January 22nd. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.01. The company had revenue of $684.40 million for the quarter, compared to the consensus estimate of $699.49 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Brinker International will post $2.73 earnings per share for the current fiscal year.
In other Brinker International news, CAO Roger Thomson unloaded 14,452 shares of the stock on the open market in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $50.12, for a total transaction of $724,334.24. Following the sale, the chief accounting officer now directly owns 93,723 shares of the company’s stock, valued at approximately $4,697,397. The sale was disclosed in a filing with the SEC, which is available at this link.
Brinker International, Inc (NYSE:EAT) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands.
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