The stock of Brinker International, Inc. (NYSE:EAT) is a huge mover today! About 532,561 shares traded hands. Brinker International, Inc. (NYSE:EAT) has risen 1.27% since February 29, 2016 and is uptrending. It has underperformed by 10.95% the S&P500.
The move comes after 5 months positive chart setup for the $2.81 billion company. It was reported on Oct, 3 by Barchart.com. We have $71.27 PT which if reached, will make NYSE:EAT worth $1.12 billion more.
Analysts await Brinker International, Inc. (NYSE:EAT) to report earnings on October, 18. They expect $0.55 earnings per share, down 1.79% or $0.01 from last year’s $0.56 per share. EAT’s profit will be $30.36M for 23.14 P/E if the $0.55 EPS becomes a reality. After $1.24 actual earnings per share reported by Brinker International, Inc. for the previous quarter, Wall Street now forecasts -55.65% negative EPS growth.
Brinker International, Inc. (NYSE:EAT) Ratings Coverage
Out of 16 analysts covering Brinker (NYSE:EAT), 5 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 31% are positive. Brinker has been the topic of 30 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was reinitiated by Telsey Advisory Group with “Outperform” on Monday, June 6. The firm earned “Sector Perform” rating on Friday, August 7 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Friday, August 12 with “Sector Perform”. The stock of Brinker International, Inc. (NYSE:EAT) earned “Hold” rating by Argus Research on Friday, October 30. Raymond James downgraded Brinker International, Inc. (NYSE:EAT) on Wednesday, October 21 to “Market Perform” rating. The company was maintained on Friday, August 7 by Barclays Capital. The stock has “Equal-Weight” rating given by Barclays Capital on Friday, August 12. Maxim Group maintained the stock with “Buy” rating in Thursday, January 7 report. The rating was maintained by JP Morgan on Monday, March 14 with “Overweight”. The rating was maintained by Maxim Group with “Buy” on Tuesday, June 7.
According to Zacks Investment Research, “Brinker International either owns, operates, franchises, or is involved in the ownership of restaurants under the names Chili’s Grill & Bar, Romano’s Macaroni Grill, On The Border Mexican Grill & Cantina, Maggiano’s Little Italy, Cozymel’s Coastal Grill, Corner Bakery Cafe, Big Bowl Asian Kitchen, and Rockfish Seafood Grill.”
Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. Its down 0.19, from 1.05 in 2016Q1. The ratio is negative, as 45 funds sold all Brinker International, Inc. shares owned while 101 reduced positions. 36 funds bought stakes while 90 increased positions. They now own 57.23 million shares or 4.55% less from 59.95 million shares in 2016Q1.
Citadel Advsrs Limited Liability Com reported 9,952 shares or 0% of all its holdings. Quantitative Invest Mngmt Limited accumulated 15,400 shares or 0.03% of the stock. Oregon Pub Employees Retirement Fund has 0.03% invested in the company for 25,777 shares. Synovus Financial Corporation owns 200 shares or 0% of their US portfolio. Somerset Trust has 0.18% invested in the company for 6,399 shares. Schroder Inv has 0.06% invested in the company for 607,602 shares. Glenmede Trust Na accumulated 0% or 2,711 shares. Deutsche Bank & Trust Ag last reported 0.06% of its portfolio in the stock. Point72 Asia (Hong Kong) has 0.04% invested in the company for 795 shares. Jasper Ridge Partners Ltd Partnership has invested 0.06% of its portfolio in Brinker International, Inc. (NYSE:EAT). Eaton Vance Mngmt holds 17,996 shares or 0% of its portfolio. Wright Invsts Service has 23,440 shares for 0.44% of their US portfolio. Price T Rowe Associates Md holds 0.02% or 1.94 million shares in its portfolio. Profund Llc has 9,100 shares for 0.02% of their US portfolio. Blackrock Fund Advisors holds 1.98M shares or 0.02% of its portfolio.
Insider Transactions: Since April 27, 2016, the stock had 1 insider buy, and 6 selling transactions for $6.06 million net activity. 30,000 shares were sold by Roberts Wyman, worth $1.63 million. $250,228 worth of shares were bought by Edwards Thomas Jr. on Wednesday, April 27. PROVOST STEVE sold $600,160 worth of stock or 11,000 shares. 19,000 Brinker International, Inc. (NYSE:EAT) shares with value of $1.01M were sold by Gibson Krista M.. On Thursday, September 1 Taylor Joseph G sold $35,912 worth of the stock or 672 shares. DOYLE DAVID ROY sold $824,958 worth of stock.
More notable recent Brinker International, Inc. (NYSE:EAT) news were published by: Fool.com which released: “Why Brinker International Inc. Stock Jumped 14% in August” on September 11, 2016, also Prnewswire.com with their article: “Brinker International Announces Closing Of Notes Offering And Accelerated …” published on September 23, 2016, Fool.com published: “Why Brinker International, Inc. Shares Shot Up Today” on August 11, 2016. More interesting news about Brinker International, Inc. (NYSE:EAT) were released by: Prnewswire.com and their article: “Brinker International Announces Pricing Of Notes Offering” published on September 20, 2016 as well as Prnewswire.com‘s news article titled: “Brinker International Announces Notes Offering” with publication date: September 13, 2016.
EAT Company Profile
Brinker International, Inc., incorporated on October 30, 1983, 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 Firm owns, operates or franchises restaurants approximately 1,650 restaurants in the United States and over 30 countries and approximately two territories outside of the United States. The Firm also has restaurants in the United States territories of Guam and Puerto Rico and the countries of Bahrain, Canada, Colombia, Costa Rica, Dominican Republic, Ecuador, Egypt, El Salvador, Germany, Guatemala, Honduras, India, Indonesia, Japan, Jordan, Kuwait, Lebanon, Malaysia, Mexico, Oman, Peru, Philippines, Qatar, Saudi Arabia, Singapore, South Korea, Taiwan, United Arab Emirates and Venezuela.
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