Media coverage about Brinker International (NYSE:EAT) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news 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 news sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the restaurant operator an impact score of 45.9615197215166 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Meeder Asset Management Inc. Purchases 2713 Shares of Brinker International, Inc. (EAT) (ibusinesslines.com)
- Quotient Investors LLC Continues to Hold Position in Brinker International, Inc. (EAT) (nolopodrasdejardever.com)
- New Strong Sell Stocks for July 21st (finance.yahoo.com)
- Brinker International, Inc. (NYSE:EAT) Downgraded by Zacks Investment Research to Strong Sell (americanbankingnews.com)
- Chili’s awards project to O’Keefe Reinhard & Paul (reelchicago.com)
Shares of Brinker International (NYSE EAT) traded down 1.31% during mid-day trading on Wednesday, hitting $36.13. The stock had a trading volume of 858,467 shares. The firm has a market capitalization of $1.77 billion, a PE ratio of 11.80 and a beta of 0.27. The stock’s 50-day moving average is $38.10 and its 200-day moving average is $42.11. Brinker International has a 1-year low of $35.61 and a 1-year high of $55.84.
Brinker International (NYSE:EAT) last issued its earnings results on Tuesday, April 25th. The restaurant operator reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.09. The business had revenue of $810.60 million during the quarter, compared to the consensus estimate of $817.50 million. Brinker International had a negative return on equity of 39.89% and a net margin of 5.05%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 earnings per share. Equities analysts expect that Brinker International will post $3.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Shareholders of record on Monday, June 12th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, June 8th. This represents a $1.36 dividend on an annualized basis and a yield of 3.71%. Brinker International’s payout ratio is currently 44.16%.
Several brokerages have recently commented on EAT. Barclays PLC reduced their target price on shares of Brinker International from $47.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 19th. ValuEngine downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Brinker International from a “hold” rating to a “strong sell” rating in a research note on Friday, July 21st. Telsey Advisory Group reduced their target price on shares of Brinker International from $49.00 to $40.00 and set a “market perform” rating on the stock in a research note on Monday, July 17th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $49.00 target price on shares of Brinker International in a research note on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Brinker International currently has an average rating of “Hold” and an average price target of $47.62.
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In other news, EVP Steve Provost sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $44.06, for a total transaction of $121,165.00. Following the completion of the sale, the executive vice president now owns 29,780 shares in the company, valued at $1,312,106.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David Roy Doyle sold 7,182 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $44.41, for a total value of $318,952.62. Following the sale, the senior vice president now owns 54,074 shares of the company’s stock, valued at approximately $2,401,426.34. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.
Brinker International Company Profile
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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