Press coverage about Brinker International (NYSE:EAT) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brinker International earned a news impact score of 0.21 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 45.0907067558117 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Here's Why You Should Add Brinker (EAT) to Your Portfolio (finance.yahoo.com)
- EAT Crosses Above Average Analyst Target (nasdaq.com)
- Brinker International names Wade Allen chief digital officer (nrn.com)
- Brinker International (EAT) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
- Traders Buy High Volume of Brinker International Put Options (EAT) (americanbankingnews.com)
A number of brokerages have recently commented on EAT. Zacks Investment Research upgraded shares of Brinker International from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Friday. ValuEngine lowered shares of Brinker International from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Canaccord Genuity reiterated a “hold” rating and set a $40.00 target price on shares of Brinker International in a research note on Thursday, December 21st. BMO Capital Markets reiterated a “hold” rating on shares of Brinker International in a research note on Monday, November 6th. Finally, Maxim Group reiterated a “buy” rating and set a $49.00 target price on shares of Brinker International in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $41.08.
Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $739.40 million during the quarter, compared to the consensus estimate of $749.05 million. Brinker International had a negative return on equity of 30.36% and a net margin of 4.39%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. research analysts anticipate that Brinker International will post 3.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 8th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Thursday, December 7th. Brinker International’s dividend payout ratio (DPR) is presently 54.87%.
In other news, SVP Charles A. Lousignont sold 3,364 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $33.00, for a total transaction of $111,012.00. Following the sale, the senior vice president now directly owns 15,074 shares in the company, valued at approximately $497,442. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Wyman Roberts sold 33,683 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $37.88, for a total transaction of $1,275,912.04. Following the sale, the insider now owns 137,572 shares in the company, valued at $5,211,227.36. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by corporate insiders.
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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