Brinker International, Inc. (EAT) Receives Average Recommendation of “Hold” from Brokerages

Shares of Brinker International, Inc. (NYSE:EAT) have been given a consensus rating of “Hold” by the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $45.69.

A number of research analysts have commented on EAT shares. Stifel Nicolaus upgraded Brinker International from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Raymond James upgraded Brinker International from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Telsey Advisory Group restated a “market perform” rating and set a $53.00 price objective on shares of Brinker International in a research note on Wednesday, January 30th. Zacks Investment Research cut Brinker International from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Finally, ValuEngine upgraded Brinker International from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th.

Shares of EAT opened at $43.16 on Friday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.25 and a beta of 0.11. Brinker International has a 12 month low of $40.29 and a 12 month high of $54.14.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.06. The company had revenue of $839.30 million for the quarter, compared to analysts’ expectations of $831.16 million. Brinker International had a negative return on equity of 19.10% and a net margin of 4.75%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Sell-side analysts expect that Brinker International will post 3.86 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, June 7th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Thursday, June 6th. Brinker International’s dividend payout ratio (DPR) is 43.43%.

In other Brinker International news, SVP Charles A. Lousignont purchased 2,590 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The shares were acquired at an average price of $43.00 per share, for a total transaction of $111,370.00. Following the completion of the purchase, the senior vice president now owns 14,836 shares in the company, valued at approximately $637,948. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.72% of the company’s stock.

Several large investors have recently added to or reduced their stakes in EAT. Norges Bank bought a new stake in Brinker International in the fourth quarter valued at about $28,030,000. Vanguard Group Inc. increased its holdings in Brinker International by 8.0% in the third quarter. Vanguard Group Inc. now owns 4,909,754 shares of the restaurant operator’s stock valued at $229,433,000 after buying an additional 365,235 shares during the last quarter. Vanguard Group Inc increased its holdings in Brinker International by 8.0% in the third quarter. Vanguard Group Inc now owns 4,909,754 shares of the restaurant operator’s stock valued at $229,433,000 after buying an additional 365,235 shares during the last quarter. Bessemer Group Inc. increased its holdings in Brinker International by 26.1% in the fourth quarter. Bessemer Group Inc. now owns 973,223 shares of the restaurant operator’s stock valued at $42,802,000 after buying an additional 201,431 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Brinker International by 147.6% during the fourth quarter. APG Asset Management N.V. now owns 320,100 shares of the restaurant operator’s stock worth $12,315,000 after buying an additional 190,800 shares during the period.

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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Analyst Recommendations for Brinker International (NYSE:EAT)

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