Media stories about Brinker International (NYSE:EAT) have been trending somewhat positive on Thursday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brinker International earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the restaurant operator an impact score of 46.7340289166335 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- The Zacks Analyst Blog Highlights: Brinker International, Kimberly-Clark, Northwest Bancshares, Macy's and Occidental Petroleum (finance.yahoo.com)
- Brinker International, Inc. (EAT) Declares Quarterly Dividend of $0.38 (americanbankingnews.com)
- $806.98 Million in Sales Expected for Brinker International, Inc. (EAT) This Quarter (americanbankingnews.com)
- Brinker International (EAT) Price Target Raised to $41.00 at Citigroup (americanbankingnews.com)
- 5 Ultra-Safe Stocks to Survive Bloodbath on Wall Street (finance.yahoo.com)
Several analysts recently weighed in on EAT shares. Stephens dropped their price target on Brinker International from $40.00 to $34.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Zacks Investment Research raised Brinker International from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Friday, October 13th. Barclays dropped their price target on Brinker International from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. Canaccord Genuity reissued a “hold” rating on shares of Brinker International in a report on Wednesday, November 1st. Finally, Maxim Group reissued a “buy” rating and set a $49.00 price target on shares of Brinker International in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $41.08.
Brinker International (NYSE:EAT) last announced its quarterly earnings data on Tuesday, January 30th. The restaurant operator reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.15. The firm had revenue of $766.40 million during the quarter, compared to analysts’ expectations of $773.84 million. Brinker International had a negative return on equity of 30.98% and a net margin of 4.10%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. equities research analysts expect that Brinker International will post 3.43 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 9th will be issued a $0.38 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.52 annualized dividend and a yield of 4.50%. Brinker International’s dividend payout ratio is presently 58.02%.
In other news, Director Andres Tinajero sold 200,000 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $0.57, for a total transaction of $114,000.00. Also, insider Wyman Roberts sold 33,683 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $37.88, for a total value of $1,275,912.04. Following the transaction, the insider now directly owns 137,572 shares of the company’s stock, valued at approximately $5,211,227.36. The disclosure for this sale can be found here. 1.91% of the stock is owned by insiders.
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About Brinker International
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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