Brinker International Company Profile (NYSE:EAT)

Brinker International trades on the New York Stock Exchange (NYSE) under the ticker symbol "EAT."

Brinker International declared a quarterly dividend on Thursday, August 10th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.38 per share on Thursday, September 28th. This represents a $1.52 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Thursday, September 7th. This is a positive change from Brinker International's previous quarterly dividend of $0.34. View Brinker International's Dividend History.

Brinker International announced that its Board of Directors has approved a stock repurchase plan on Friday, August 11th 2017, which permits the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 14.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Brinker International, Inc. (NYSE:EAT) issued its quarterly earnings results on Thursday, August, 10th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.04 by $0.05. The business had revenue of $810.66 million for the quarter, compared to analyst estimates of $809.94 million. Brinker International had a negative return on equity of 31.46% and a net margin of 4.79%. Brinker International's revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS. View Brinker International's Earnings History.

Brinker International is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Brinker International.

Brinker International issued an update on its FY18 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of $3.25-3.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.24. The company issued revenue guidance of +0.5-1.5% to ~$3.273-3.30 billion, compared to the consensus revenue estimate of $3.17 billion.

15 brokerages have issued 12 month price targets for Brinker International's stock. Their predictions range from $36.00 to $52.00. On average, they expect Brinker International's stock price to reach $44.73 in the next year. View Analyst Ratings for Brinker International.

Here are some recent quotes from research analysts about Brinker International stock:

• 1. According to Zacks Investment Research, "Brinker’s shares underperformed the industry year to date. Notably, Brinker’s revenues missed the Zacks Consensus Estimate in eight of the trailing nine quarters, mainly due to traffic decline at its restaurants. The company has a mixed record of earnings surprises in recent quarters. Meanwhile, estimates have been going down ahead of its fiscal Q4 earnings release. A slowdown in some of the international markets and overall choppiness in the restaurant space might keep on pressurizing comps in the coming quarters. Nevertheless, the company’s expansion strategies, sales building initiatives along with various operational, remodeling and digital initiatives are expected to drive growth. Yet, higher labor and costs related to initiatives might continue to hurt margins in the near term. Brinker’s presence in energy-exposed markets may also continue to hurt traffic." (7/21/2017)
• 2. Maxim Group analysts commented, "We maintain our Buy rating and $54 price target on Brinker International (EAT) following our conference call with Interim CFO Joe Taylor on Tuesday, June 13." (6/15/2017)
• 3. Royal Bank Of Canada analysts commented, "We are lowering our price target and trimming our SSS and EPS estimates given limited visibility into SSS drivers and ongoing industry headwinds. Chilis needs to find ways to reach family consumers that are increasingly staying home. We will be watching to see if Chili's take-out business gains momentum. Otherwise, we believe the chain may have to invest more heavily in food and labor." (1/26/2017)

Some companies that are related to Brinker International include Penske Automotive Group (PAG), Tempur Sealy International (TPX), Sprouts Farmers Market (SFM), Dick's Sporting Goods (DKS), Aaron's, (AAN), Papa John's International (PZZA), Jack In The Box (JACK), Performance Food Group Company (PFGC), Five Below (FIVE), Sally Beauty Holdings (SBH), Lithia Motors (LAD), Dave & Buster's Entertainment (PLAY), Beacon Roofing Supply (BECN), PriceSmart (PSMT), Rite Aid Corporation (RAD), Big Lots (BIG), Urban Outfitters (URBN) and Groupon (GRPN).

Brinker International's management team includes the folowing people:

• Joseph M. DePinto, Independent Chairman of the Board
• Wyman T. Roberts, President, Chief Executive Officer, Director
• Joe Taylor, Interim Chief Financial Officer
• John C. Cywinski, Executive Vice President - Strategic Innovation
• Steve D. Provost, Executive Vice President and Chief Marketing and Innovation Officer - Chili's Grill & Bar
• Kelli A. Valade, Executive Vice President, President of Chili’s Grill & Bar
• David Roy Doyle, Senior Vice President, Chief Information Officer
• Scarlett A. May, Senior Vice President, General Counsel, Secretary
• Rick Badgley, Senior Vice President, Chief People Officer
• Charles A. Lousignont, Senior Vice President - Supply Chain Management

Brinker International's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.01%), BlackRock Inc. (10.38%), LSV Asset Management (7.11%), State Street Corp (3.50%), Alliancebernstein L.P. (3.37%) and Cooke & Bieler LP (3.11%). Company insiders that own Brinker International stock include David Roy Doyle, George R Mrkonic Jr, Harriet Edelman, Joseph G Taylor, Kelli Valade, Krista M Gibson, Roger F Thomson, Steve Provost, Thomas Jr Edwards and Wyman Roberts. View Institutional Ownership Trends for Brinker International.

Brinker International's stock was sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Alliancebernstein L.P., Bessemer Group Inc., Canada Pension Plan Investment Board, Russell Investments Group Ltd., Boston Financial Mangement LLC, Reinhart Partners Inc. and Cambiar Investors LLC. Company insiders that have sold Brinker International stock in the last year include David Roy Doyle, Harriet Edelman, Joseph G Taylor, Kelli Valade, Krista M Gibson, Steve Provost and Wyman Roberts. View Insider Buying and Selling for Brinker International.

Brinker International's stock was bought by a variety of institutional investors in the last quarter, including Marshall Wace North America L.P., BlackRock Inc., Balyasny Asset Management LLC, Koch Industries Inc., Vanguard Group Inc., Gotham Asset Management LLC, Northern Trust Corp and State Street Corp. View Insider Buying and Selling for Brinker International.

Shares of Brinker International can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Brinker International stock can currently be purchased for approximately $33.83.