Brinker International (NYSE:EAT) issued its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02, MarketWatch Earnings reports. The firm had revenue of $753.80 million for the quarter, compared to analysts’ expectations of $756.40 million. Brinker International had a negative return on equity of 23.89% and a net margin of 4.52%. Brinker International’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS.
Shares of NYSE EAT opened at $51.91 on Thursday. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.51 and a beta of 0.01. Brinker International has a one year low of $32.03 and a one year high of $54.14.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Friday, December 7th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 6th. This represents a $1.52 dividend on an annualized basis and a yield of 2.93%. Brinker International’s payout ratio is presently 43.43%.
In other news, CFO Joseph G. Taylor sold 4,000 shares of Brinker International stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $50.70, for a total transaction of $202,800.00. Following the completion of the sale, the chief financial officer now directly owns 7,536 shares in the company, valued at approximately $382,075.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kelli Valade sold 4,905 shares of Brinker International stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $43.37, for a total value of $212,729.85. Following the sale, the executive vice president now owns 74,068 shares of the company’s stock, valued at $3,212,329.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,459 shares of company stock valued at $2,293,690. 2.72% of the stock is owned by corporate insiders.
A number of equities analysts recently weighed in on the company. BMO Capital Markets set a $43.00 price target on Brinker International and gave the stock a “hold” rating in a research note on Tuesday, August 14th. Wells Fargo & Co lifted their price target on Brinker International from $42.00 to $43.00 and gave the stock a “market perform” rating in a research note on Monday, August 13th. Maxim Group reissued a “buy” rating and issued a $55.00 price target on shares of Brinker International in a research note on Tuesday, October 30th. TheStreet cut Brinker International from a “b-” rating to a “c” rating in a research note on Wednesday, August 15th. Finally, Morgan Stanley raised their price objective on Brinker International from $38.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 31st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.19.
About Brinker International
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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