Zacks: Analysts Expect Brinker International, Inc. (EAT) to Announce $1.07 EPS
Brokerages forecast that Brinker International, Inc. (NYSE:EAT) will post earnings per share (EPS) of $1.07 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Brinker International’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.12. Brinker International posted earnings of $1.24 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 13.7%. The firm is expected to report its next earnings results on Thursday, August 10th.
On average, analysts expect that Brinker International will report full year earnings of $3.15 per share for the current fiscal year, with EPS estimates ranging from $3.12 to $3.20. For the next fiscal year, analysts anticipate that the business will report earnings of $3.28 per share, with EPS estimates ranging from $3.05 to $3.39. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Brinker International.
Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, April 25th. The restaurant operator reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.09. Brinker International had a negative return on equity of 49.35% and a net margin of 5.49%. The firm had revenue of $810.60 million during the quarter, compared to analysts’ expectations of $817.50 million. During the same period in the previous year, the business earned $1.00 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis.
A number of research firms have weighed in on EAT. BMO Capital Markets restated a “sell” rating on shares of Brinker International in a research report on Wednesday, April 26th. Stephens reiterated an “equal weight” rating and set a $52.00 price objective on shares of Brinker International in a research report on Wednesday, April 26th. Maxim Group cut their price objective on Brinker International from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, January 26th. Royal Bank of Canada cut their price objective on Brinker International from $52.00 to $49.00 and set a “sector perform” rating for the company in a research report on Thursday, January 26th. Finally, Telsey Advisory Group cut their target price on shares of Brinker International from $52.00 to $49.00 and set a “market perform” rating on the stock in a research note on Thursday, January 26th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $50.00.
In other Brinker International news, Director Harriet Edelman sold 3,218 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $42.45, for a total value of $136,604.10. Following the completion of the transaction, the director now directly owns 22,059 shares in the company, valued at approximately $936,404.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David Roy Doyle sold 7,182 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $44.41, for a total transaction of $318,952.62. Following the completion of the transaction, the senior vice president now owns 54,074 shares of the company’s stock, valued at $2,401,426.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,650 shares of company stock valued at $598,152. Corporate insiders own 1.76% of the company’s stock.
A number of institutional investors have recently made changes to their positions in EAT. Bessemer Group Inc. acquired a new position in shares of Brinker International during the fourth quarter valued at about $168,000. LS Investment Advisors LLC boosted its position in shares of Brinker International by 18.7% in the first quarter. LS Investment Advisors LLC now owns 4,107 shares of the restaurant operator’s stock valued at $181,000 after buying an additional 647 shares during the period. Shelton Capital Management acquired a new position in shares of Brinker International during the fourth quarter valued at about $204,000. Ifrah Financial Services Inc. acquired a new position in shares of Brinker International during the third quarter valued at about $213,000. Finally, Kernodle & Katon Asset Management Group LLC boosted its position in shares of Brinker International by 0.4% in the first quarter. Kernodle & Katon Asset Management Group LLC now owns 4,864 shares of the restaurant operator’s stock valued at $214,000 after buying an additional 17 shares during the period.
Shares of Brinker International (NYSE:EAT) traded down 1.02% during mid-day trading on Friday, hitting $39.72. The company had a trading volume of 121,836 shares. The firm has a market capitalization of $1.94 billion, a P/E ratio of 12.97 and a beta of 0.23. The firm has a 50-day moving average price of $43.09 and a 200 day moving average price of $46.21. Brinker International has a 12 month low of $39.61 and a 12 month high of $55.84.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Monday, June 12th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.39%. Brinker International’s dividend payout ratio (DPR) is currently 42.24%.
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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