Brinker International, Inc. (NYSE:EAT) has earned an average recommendation of “Hold” from the twenty-one brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $44.31.
A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Inflarx from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. KeyCorp lifted their price objective on shares of Jacobs Engineering Group from $86.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday. UBS Group dropped their price objective on shares of PVH from $159.00 to $144.00 and set a “buy” rating for the company in a report on Monday, June 3rd. Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a report on Friday, June 28th. Finally, JPMorgan Chase & Co. reiterated a “sell” rating and set a $18.00 price target on shares of ABB in a report on Monday, July 15th.
In other news, EVP Kelly C. Baltes purchased 800 shares of the stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $42.05 per share, for a total transaction of $33,640.00. Following the acquisition, the executive vice president now directly owns 13,134 shares of the company’s stock, valued at approximately $552,284.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.72% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of EAT. Strategy Asset Managers LLC purchased a new stake in shares of Brinker International during the 1st quarter worth approximately $79,000. Nordea Investment Management AB purchased a new stake in shares of Brinker International during the 4th quarter worth approximately $147,000. One Wealth Advisors LLC purchased a new stake in shares of Brinker International during the 4th quarter worth approximately $248,000. Lido Advisors LLC purchased a new stake in shares of Brinker International during the 1st quarter worth approximately $253,000. Finally, Weiss Asset Management LP purchased a new stake in Brinker International in the 1st quarter valued at $258,000.
Shares of EAT stock traded up $0.81 during trading on Friday, reaching $39.45. The company’s stock had a trading volume of 147,854 shares, compared to its average volume of 832,534. The firm has a market cap of $1.45 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 1.23 and a beta of 0.28. The company has a 50-day simple moving average of $39.06. Brinker International has a 1-year low of $36.82 and a 1-year high of $53.61.
Brinker International (NYSE:EAT) last announced its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.06. The firm had revenue of $839.30 million during the quarter, compared to analysts’ expectations of $831.16 million. Brinker International had a net margin of 4.75% and a negative return on equity of 19.10%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. As a group, research analysts predict that Brinker International will post 3.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, June 7th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.85%. The ex-dividend date was Thursday, June 6th. Brinker International’s dividend payout ratio (DPR) is presently 43.43%.
Brinker International Company Profile
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.
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