November 30, 2016 - By Richard Conner · 0 Comments
Brinker International Inc (NYSE:EAT) institutional sentiment increased to 1.27 in Q2 2016. Its up 0.41, from 0.86 in 2016Q1. The ratio has improved, as 126 active investment managers opened new and increased equity positions, while 146 sold and decreased positions in Brinker International Inc. The active investment managers in our partner’s database now possess: 57.23 million shares, down from 59.95 million shares in 2016Q1. Also, the number of active investment managers holding Brinker International Inc in their top 10 equity positions increased from 2 to 3 for an increase of 1. Sold All: 45 Reduced: 101 Increased: 90 New Position: 36.
Brinker International, Inc. is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The company has a market cap of $2.60 billion. The Company’s Chili’s operates Bar & Grill category of casual dining. It has a 16.03 P/E ratio. 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.
The stock decreased 1.50% or $0.81 during the last trading session, hitting $53.31. Brinker International, Inc. (NYSE:EAT) has risen 16.22% since April 27, 2016 and is uptrending. It has outperformed by 10.99% the S&P500.
Analysts await Brinker International, Inc. (NYSE:EAT) to report earnings on January, 18. They expect $0.79 EPS, up 1.28% or $0.01 from last year’s $0.78 per share. EAT’s profit will be $38.53 million for 16.87 P/E if the $0.79 EPS becomes a reality. After $0.49 actual EPS reported by Brinker International, Inc. for the previous quarter, Wall Street now forecasts 61.22% EPS growth.
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.”
Kestrel Investment Management Corp holds 5.4% of its portfolio in Brinker International, Inc. for 286,750 shares. Reinhart Partners Inc. owns 532,946 shares or 2.43% of their US portfolio. Moreover, Cubic Asset Management Llc has 2.16% invested in the company for 139,625 shares. The Kansas-based Dean Capital Management has invested 1.79% in the stock. Hillcrest Asset Management Llc, a Texas-based fund reported 155,390 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 8 sales for $6.91 million net activity.
Ratings analysis reveals 31% of Brinker’s analysts are positive. Out of 16 Wall Street analysts rating Brinker, 5 give it “Buy”, 1 “Sell” rating, while 10 recommend “Hold”. The lowest target is $50 while the high is $68. The stock’s average target of $56.18 is 5.38% above today’s ($53.31) share price. EAT was included in 30 notes of analysts from August 7, 2015. Bernstein reinitiated the shares of EAT in a report on Thursday, May 26 with “Market Perform” rating. As per Thursday, January 21, the company rating was maintained by Bank of America. Maxim Group initiated the shares of EAT in a report on Wednesday, September 30 with “Buy” rating. The rating was downgraded by Raymond James on Wednesday, October 21 to “Market Perform”. The rating was maintained by Maxim Group with “Buy” on Wednesday, October 21. The firm has “Neutral” rating by Longbow given on Tuesday, October 20. On Monday, June 6 the stock rating was reinitiated by Topeka Capital Markets with “Outperform”. Barclays Capital maintained the shares of EAT in a report on Friday, August 7 with “Overweight” rating. On Monday, March 14 the stock rating was maintained by JP Morgan with “Overweight”. The firm earned “Hold” rating on Friday, October 30 by Argus Research.
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.
More 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 published the news titled: “Brinker International Announces Pricing Of Notes Offering” on September 20, 2016. Prnewswire.com‘s news article titled: “Brinker International Announces Closing Of Notes Offering And Accelerated …” with publication date: September 23, 2016 was also an interesting one.
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By Richard Conner