Brinker International Inc. (EAT) Stock Price Down 1.6%
Brinker International Inc. (NYSE:EAT) traded down 1.6% during mid-day trading on Monday . The company traded as low as $47.60 and last traded at $47.62, with a volume of 309,157 shares trading hands. The stock had previously closed at $48.37.
A number of equities research analysts have recently issued reports on the company. Goldman Sachs Group Inc. lowered Brinker International to a “hold” rating in a research note on Saturday, April 2nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Brinker International in a research note on Sunday, June 12th. Credit Suisse Group AG increased their target price on Brinker International from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, March 28th. BTIG Research reiterated a “buy” rating and issued a $57.00 target price on shares of Brinker International in a research note on Monday, April 18th. Finally, Stephens started coverage on Brinker International in a research note on Wednesday, June 1st. They issued an “equal weight” rating and a $50.00 target price for the company. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company’s stock. Brinker International currently has a consensus rating of “Hold” and a consensus target price of $52.76.
The company’s 50 day moving average is $46.29 and its 200-day moving average is $46.92. The firm has a market cap of $2.67 billion and a PE ratio of 14.72.
Brinker International (NYSE:EAT) last posted its quarterly earnings data on Tuesday, April 19th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The business earned $824.60 million during the quarter, compared to the consensus estimate of $845.75 million. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that Brinker International Inc. will post $3.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 10th were paid a $0.32 dividend. The ex-dividend date was Wednesday, June 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.67%.
In other news, VP Joseph G. Taylor sold 2,500 shares of Brinker International stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $46.87, for a total value of $117,175.00. Following the transaction, the vice president now directly owns 2,492 shares in the company, valued at $116,800.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas Jr. Edwards purchased 5,500 shares of the stock in a transaction that occurred on Wednesday, April 27th. The shares were purchased at an average price of $45.50 per share, for a total transaction of $250,250.00. Following the completion of the purchase, the chief financial officer now directly owns 20,056 shares of the company’s stock, valued at $912,548. The disclosure for this purchase can be found here.
Other institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of Brinker International by 826.9% in the fourth quarter. Bank of Montreal Can now owns 33,407 shares of the company’s stock valued at $1,601,000 after buying an additional 29,803 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its position in shares of Brinker International by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 38,743 shares of the company’s stock valued at $1,859,000 after buying an additional 13,141 shares in the last quarter. Shell Asset Management Co. raised its position in shares of Brinker International by 302.7% in the fourth quarter. Shell Asset Management Co. now owns 43,013 shares of the company’s stock valued at $2,062,000 after buying an additional 32,333 shares in the last quarter. BOKF NA raised its position in shares of Brinker International by 17.3% in the fourth quarter. BOKF NA now owns 59,457 shares of the company’s stock valued at $2,851,000 after buying an additional 8,784 shares in the last quarter. Finally, Dean Investment Associates LLC purchased a new position in shares of Brinker International during the fourth quarter valued at about $2,950,000.
Brinker International, Inc (Brinker) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. At September 24, 2014, the Company owned, operated or franchised 1,622 restaurants in the United States and 29 countries and two territories outside of the United States.
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