Brinker International Given Consensus Recommendation of “Buy” by Brokerages (NYSE:EAT)
Brinker International (NYSE:EAT) has earned an average recommendation of “Buy” from the eighteen ratings firms that are covering the stock, Analyst Ratings.Net reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $47.81.
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, August 19th. They now have a $55.00 price target on the stock, up previously from $52.00. Separately, 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.
Brinker International (NYSE:EAT) traded down 0.90% during mid-day trading on Friday, hitting $48.60. The stock had a trading volume of 72,141 shares. Brinker International has a one year low of $38.40 and a one year high of $55.45. The stock has a 50-day moving average of $46.40 and a 200-day moving average of $49.58. The company has a market cap of $3.140 billion and a P/E ratio of 21.70.
Brinker International (NYSE:EAT) last announced its earnings results on Thursday, August 7th. The company reported $0.85 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.77 earnings per share. Brinker International’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that Brinker International will post $3.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Investors of record on Friday, September 5th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Wednesday, September 3rd. This is an increase from Brinker International’s previous quarterly dividend of $0.24.
In other Brinker International news, EVP Roger F. Thomson sold 27,000 shares of the company’s stock on the open market in a transaction dated Friday, August 22nd. The shares were sold at an average price of $49.38, for a total transaction of $1,333,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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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