Brinker International, Inc. (EAT) Announces Quarterly Dividend of $0.28
Brinker International (NYSE:EAT) declared a quarterly dividend on Thursday, August 21st, American Banking & Market News reports. Investors of record on Friday, September 5th will be given a dividend of 0.28 per share on Thursday, September 25th. This represents a $1.12 dividend on an annualized basis and a yield of 2.30%.
A number of research firms have recently commented on EAT. Analysts at Wunderlich upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $55.00 price target on the stock, up previously from $52.00. On a related note, analysts at Tigress Financial reiterated a “” rating on shares of Brinker International in a research note on Thursday, August 14th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Brinker International in a research note on Monday, August 11th. They now have a $53.00 price target on the stock, down previously from $59.00. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Brinker International presently has an average rating of “Buy” and a consensus price target of $47.81.
Brinker International (NYSE:EAT) traded up 0.45% during mid-day trading on Thursday, hitting $48.67. The stock had a trading volume of 820,661 shares. Brinker International has a 52 week low of $38.40 and a 52 week high of $55.45. The stock has a 50-day moving average of $46.13 and a 200-day moving average of $49.55. The company has a market cap of $3.164 billion and a price-to-earnings ratio of 21.44.
Brinker International (NYSE:EAT) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.38. The company had revenue of $758.73 million for the quarter, compared to the consensus estimate of $968.45 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts expect that Brinker International will post $3.08 EPS for the current fiscal year.
In other Brinker International news, VP David R. Parsley sold 5,993 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $46.72, for a total value of $279,992.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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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