A number of firms have modified their ratings and price targets on shares of Brinker International (NYSE: EAT) recently:

  • 10/11/2017 – Brinker International had its price target lowered by analysts at Stephens from $40.00 to $34.00. They now have an “equal weight” rating on the stock.
  • 10/10/2017 – Brinker International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Brinker’s shares have underperformed the industry year to date. Notably, the company’s revenues missed the Zacks Consensus Estimate in eight of the trailing ten quarters, mainly due to traffic decline at its restaurants. The company’s presence in energy-exposed markets, where the economy is currently sluggish due to the persistent decline in oil prices, may continue to hurt traffic. Nevertheless, the company’s aggressive expansion strategies, sales building initiatives should boost comps. Also, various operational, remodeling and digital initiatives are expected to drive growth. Yet, higher labor and costs related to initiatives might continue to hurt margins in the near term. Additionally, a slowdown in some of the international markets that the company operates in and overall choppiness in the restaurant space might also keep on pressurizing comps in the coming quarters.”
  • 10/2/2017 – Brinker International is now covered by analysts at Stifel Nicolaus. They set a “hold” rating and a $36.00 price target on the stock.
  • 10/1/2017 – Brinker International had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $40.00 price target on the stock.
  • 9/19/2017 – Brinker International had its price target lowered by analysts at Telsey Advisory Group from $40.00 to $37.00. They now have a “market perform” rating on the stock.
  • 9/15/2017 – Brinker International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Brinker’s aggressive expansion strategies and sales building initiatives like streamlining of menu and innovation value offerings along with its loyalty program should boost comps. Increased focus on company-owned restaurants, which allows it to have full control over operations, is also expected to boost the bottom as well as the top line. Also, various operational, remodeling and digital initiatives are likely to drive growth. However, the company’s revenues missed the Zacks Consensus Estimate in eight of the trailing ten quarters, mainly due to traffic decline at its restaurants. Also, Brinker’s shares have underperformed the industry year to date. Further, higher labor as well as costs related to various initiatives might continue to hurt margins, while overall choppiness in the restaurant space might keep on pressurizing comps in the coming quarters.”
  • 9/12/2017 – Brinker International had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $49.00 price target on the stock. They wrote, “We reiterate our Buy rating and $49 price target on Brinker International (EAT) as we see Hurricanes Harvey and Irma leaving a measurable, though short- lived, impact on FY18 results.””
  • 9/4/2017 – Brinker International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Brinker’s aggressive expansion strategies and sales building initiatives like streamlining of menu and its innovation, value offerings along with its loyalty program should boost comps. Increased focus on company-owned restaurants, which allows it to have full control over operations, is also expected to boost the bottom as well as the top line. Also, various operational, remodeling and digital initiatives are likely to drive growth. However, the company’s revenues missed the Zacks Consensus Estimate in eight of the trailing ten quarters, mainly due to traffic decline at its restaurants. Also, Brinker’s shares have underperformed the industry in the past one year. Further, higher labor as well as costs related to various initiatives might continue to hurt margins, while overall choppiness in the restaurant space might keep on pressurizing comps in the coming quarters.”
  • 9/1/2017 – Brinker International was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Brinker International, Inc. (NYSE EAT) traded up 0.66% during midday trading on Thursday, reaching $31.95. 469,096 shares of the company traded hands. The stock has a market capitalization of $1.55 billion, a P/E ratio of 10.87 and a beta of 0.26. The company has a 50 day moving average price of $31.80 and a 200-day moving average price of $37.67. Brinker International, Inc. has a one year low of $29.50 and a one year high of $55.84.

Brinker International (NYSE:EAT) last posted its earnings results on Thursday, August 10th. The restaurant operator reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The business had revenue of $810.66 million for the quarter, compared to the consensus estimate of $809.94 million. Brinker International had a net margin of 4.79% and a negative return on equity of 31.46%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. Analysts forecast that Brinker International, Inc. will post $3.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Friday, September 8th were given a dividend of $0.38 per share. This is an increase from Brinker International’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 4.79%. Brinker International’s dividend payout ratio (DPR) is 50.84%.

In other Brinker International news, Director Michael A. George bought 16,450 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average price of $30.31 per share, with a total value of $498,599.50. Following the transaction, the director now owns 49,952 shares of the company’s stock, valued at approximately $1,514,045.12. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.91% of the company’s stock.

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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