Brinker Int’l to post earnings and lift dividend

What's Happening With EAT View more about EAT >

Restaurant chain operator Brinker Int’l (EAT) will report its fiscal fourth-quarter numbers on August 14, and the company will also extend its streak of dividend increases. Analysts forecast earnings of $1.19 per share, up from $1.09 during the same period last year. The stock has risen 12.5% on the year.

Technical Analysis

EAT was recently trading at $44.41 down $9.73 from its 12-month high and $14.91 above its 12-month low. InvestorsObserver’s Stock Score Report gives EAT a 60 long-term technical score and a 60 short-term technical score. The stock has recent support above $44 and recent resistance below $48. Of the 14 analysts who cover the stock 2 rate it Strong Buy, 1 rate it Buy, 9 rate it Hold, 1 rate it Sell, and 1 rate it Strong Sell, EAT gets a score of 61 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

Brinker will report earnings, and you can also expect the company to boost its dividend. Brinker has boosted its dividend the last seven years, and the stock currently offers a nice 3.4% yield. With a 43.2% payout ratio the company can easily afford another increase. Last year the company lifted its dividend by 11.7% to $0.38 per share. Given the current high yield I would expect this year’s increase to be smaller, with the quarterly distribution rising to around $0.41 for a 7.9% increase. Brinker will also report its fiscal fourth-quarter numbers this week, with the results expected before the market open August 14. The consensus calls for earnings of $1.19 per share, but the street has a whisper number of $1.23 for the quarter.

EAT
About Brinker International Inc.

Brinker International Inc operates casual dining restaurants under the brands Chili Grill and Bar (Chili's) and Maggiano's Little Italy (Maggiano's). Chili's falls in the Bar and Grill category of casual dining. Its menu features Fresh Mex and Fresh Tex favorites including signature items such as slow-smoked baby back ribs, craft burgers, fajitas, and famous bottomless chips and salsa paired with tableside guacamole. Maggiano's is an Italian restaurant brand with a full lunch and dinner menu offering chef-prepared, such as appetizers, chicken, seafood, veal and prime steaks, and desserts.

  • Last Price:
    $40.03
  • Previous Close:
    $40.47
  • Change:
    $-0.44 (-1.09%)
  • Open:
    $40.30
  • Volume:
    740,226
  • Average Volume (100 Day):
    1,021,726
  • Market Capitalization:
    $1.5 B
  • Day's Range:
    $39.56 - $40.55
  • Dividend Yield:
    3.76%
  • 52-week Range:
    $54 - $36.44
  • P-E:
    10.40
  • EPS:
    $3.99
  • Earnings Date:
    10/29/19
  • Ex Dividend Date:
    9/5/19
  • Sector:
    Consumer Cyclical
  • Industry:
    Restaurants
  • Analyst Average Recommendation:
    Hold

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