Brinker International (EAT) Cut to “Hold” at ValuEngine

Brinker International (NYSE:EAT) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Several other research firms have also recently weighed in on EAT. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price objective on shares of Brinker International in a research report on Thursday, December 21st. BMO Capital Markets reiterated a “hold” rating on shares of Brinker International in a research report on Monday, November 6th. Stephens decreased their price objective on shares of Brinker International from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. Barclays decreased their price objective on shares of Brinker International from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Finally, Zacks Investment Research cut shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $40.50.

Brinker International (EAT) opened at $38.84 on Friday. The company has a debt-to-equity ratio of -2.51, a current ratio of 0.34 and a quick ratio of 0.28. Brinker International has a 12-month low of $29.50 and a 12-month high of $50.21. The stock has a market cap of $1,797.90, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 1.22 and a beta of 0.24.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Brinker International had a negative return on equity of 30.36% and a net margin of 4.39%. The firm had revenue of $739.40 million for the quarter, compared to analyst estimates of $749.05 million. During the same quarter last year, the company earned $0.49 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. equities research analysts predict that Brinker International will post 3.21 earnings per share for the current year.

In other Brinker International news, SVP Charles A. Lousignont sold 3,364 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $33.00, for a total value of $111,012.00. Following the completion of the sale, the senior vice president now directly owns 15,074 shares in the company, valued at $497,442. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wyman Roberts sold 33,683 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $37.88, for a total transaction of $1,275,912.04. Following the completion of the sale, the insider now owns 137,572 shares of the company’s stock, valued at $5,211,227.36. The disclosure for this sale can be found here. Company insiders own 1.91% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. AXA lifted its stake in shares of Brinker International by 21.5% in the third quarter. AXA now owns 186,760 shares of the restaurant operator’s stock valued at $5,950,000 after buying an additional 33,000 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Brinker International in the third quarter valued at $1,299,000. Marco Investment Management LLC bought a new position in shares of Brinker International in the third quarter valued at $427,000. Neuberger Berman Group LLC bought a new position in shares of Brinker International in the third quarter valued at $306,000. Finally, California Public Employees Retirement System lifted its stake in shares of Brinker International by 9.2% in the third quarter. California Public Employees Retirement System now owns 185,780 shares of the restaurant operator’s stock valued at $5,919,000 after buying an additional 15,726 shares in the last quarter.

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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.

Analyst Recommendations for Brinker International (NYSE:EAT)

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