Brinker International (EAT) Hits New 12-Month High and Low at $50.00

Shares of Brinker International, Inc. (NYSE:EAT) hit a new 52-week high and low during trading on Thursday . The stock traded as low as $50.00 and last traded at $49.66, with a volume of 48808 shares traded. The stock had previously closed at $49.68.

Several analysts have recently commented on the company. TheStreet raised Brinker International from a “c” rating to a “b-” rating in a research report on Wednesday, May 16th. Zacks Investment Research cut Brinker International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 15th. BMO Capital Markets raised their target price on Brinker International from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus raised their target price on Brinker International from $38.00 to $45.00 and gave the stock a “hold” rating in a research report on Wednesday, May 2nd. Finally, Sanford C. Bernstein raised their target price on Brinker International from $40.00 to $47.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $44.92.

The stock has a market cap of $2.11 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.26 and a beta of 0.02. The company has a quick ratio of 0.27, a current ratio of 0.32 and a debt-to-equity ratio of -2.24.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Tuesday, May 1st. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The firm had revenue of $812.53 million during the quarter, compared to analysts’ expectations of $806.72 million. Brinker International had a negative return on equity of 30.02% and a net margin of 4.24%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 earnings per share. equities research analysts anticipate that Brinker International, Inc. will post 3.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Friday, June 8th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.05%. Brinker International’s dividend payout ratio is currently 47.50%.

Large investors have recently made changes to their positions in the business. Stratos Wealth Partners LTD. lifted its position in shares of Brinker International by 1,000.0% in the first quarter. Stratos Wealth Partners LTD. now owns 3,300 shares of the restaurant operator’s stock worth $119,000 after buying an additional 3,000 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Brinker International by 512.3% in the first quarter. IFP Advisors Inc now owns 3,545 shares of the restaurant operator’s stock worth $128,000 after buying an additional 2,966 shares during the last quarter. Investors Research Corp acquired a new stake in shares of Brinker International in the fourth quarter worth about $218,000. CIBC World Markets Inc. acquired a new stake in shares of Brinker International in the first quarter worth about $216,000. Finally, Element Capital Management LLC acquired a new stake in shares of Brinker International in the first quarter worth about $218,000.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name.

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