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Brinker International, Inc. (EAT)

- NYSE
  • Wed, Jan. 28, 8:01 AM
    • Brinker International (NYSE:EAT) saw strong comps help lift its profit by 20% Y/Y in FQ2.
    • Comparable restaurant sales were up 4.0% at Chili's (company-owned) on a 2.1% increase in traffic and higher prices.
    • Comps rose 2.1% at the Maggiano's chain with both traffic and pricing improved.
    • Restaurant operating margin +60 bps to 16.4% during the quarter.
    • Previously: Brinker beats by $0.02, beats on revenue
    • EAT +0.2% premarket.
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  • Thu, Jan. 8, 11:26 AM
    • Citi takes a bullish view on select names in the restaurant sector.
    • Wendy's (WEN +1%) is initiated at Buy with a $11 price target. Analyst Gregory Badishkanian sees some of the company's initiatives helping to draw in millennials.
    • Coverage on Chipotle (CMG +3.5%) is assumed again at a Buy with a $809 PT. Shares of CMG are at an all-time high after taking out $700 earlier this week.
    • The investment firm is also backing Restaurant Brands (QSR +2.7%) and Brinker International (EAT +1.1%) for gains with resumed Buy ratings.
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  • Oct. 21, 2014, 1:35 PM
    • Brinker International (EAT -5.6%) trades lower despite showing a year-over-year boost in profit and a 2.4% system-wide comp gain in FQ1.
    • Concerns on food commodity inflation and sluggish restaurant traffic trends are tipping sentiment.
    • Shares of EAT are below $50 for the first time in over a month.
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  • Jul. 23, 2014, 10:59 AM
    • Brinker (EAT -1.6%) is downgraded to Sector Perform from Outperform with a $49 price target, down from $56, at RBC Capital, which says lackluster industry trends force its less optimistic view on casual dining and a more neutral stance on shares.
    • While sales drivers including Fresh-Mex, increased advertising weight, Chili's delivery and Ziosk should enable EAT to hold its sales growth gap to the industry, the firm has little confidence these initiatives will drive outsized traffic growth in the current low growth environment.
    | 1 Comment
  • Jul. 14, 2014, 9:15 AM
    • JPMorgan backs Brinker International (NYSE:EAT) with an upgrade to Overweight from Neutral and a fresh price target of $54.
    • The investment firm thinks some new initiatives from Brinker will pay off.
    • EAT +1.5% premarket
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  • Jul. 11, 2014, 7:28 AM
    • Wunderlich Securities downgrades Brinker International (EAT) to Hold from a Buy rating on concerns which includes weak traffic patterns, higher costs, and promotional activity in the sector.
    • The investment firm cuts its price target on the restaurant operator to $52.
    • EAT -1.5% premarket
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  • Jan. 22, 2014, 9:09 AM
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  • Jan. 22, 2014, 8:24 AM
    • Brinker International (EAT) reports comparable restaurant sales rose 0.8% during its FQ2 with both Chili's and Maggiano's staying on a positive growth track in the U.S. unlike some restaurant chain peers.
    • The results were solid considering the major hit to traffic that was seen in December due in part to wintry weather.
    • The company managed to add to its sales results through price increases and a shift in product mix toward some new menu items
    • Favorable commodity pricing during the period helped pad Brinker's bottom line during the period.
    • EAT +7.0% premarket
    | Comment!
  • Oct. 2, 2013, 10:25 AM
    • The restaurant sector is proving to be more sensitive than most to the developments with the government shutdown and the potential impact to the U.S. economy.
    • Analysts already saw restaurant traffic under pressure during Q4, but an extended government shutdown could take estimates even lower.
    • Leading decliners: Brinker International (EAT) -2.4%, McDonald's (MCD) -2.0%, Cracker Barrel (CBRL) -1.9%, Yum Brands (YUM) -1.7%, Bob Evans Farms (BOBE) -1.6%.
    • Related ETFs: PBJ, XLY.
    | Comment!
  • Apr. 3, 2013, 9:52 AM
    Raymond James is doing wonders for the restaurant sector with a number of upgrades that are helping light a fire under shares. Lower commodity prices and indications of a bounce in QSR spending look good enough to the firm for it to take its foot off the brakes. Upgrades: Buffalo Wild Wings (BWLD +3.5%) to Strong Buy from Market Perform; Panera Bread (PNRA +3.9%) to Market Perform; Chipotle (CMG +1.2%) to Market Perform from Underperform; Brinker International (EAT +2.6%) to Outperform from Market Perform.
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  • Feb. 13, 2013, 1:46 PM
    Restaurant stocks underperform broad market indexes after margin pressure at Buffalo Wild Wings and a dour industry outlook from AlixPartners sets a negative tone. Notable decliners: BWLD -5.4%, BJRI -3.7%, CAKE -2.5%, EAT -2.5%, DRI -2.2%, MCD -1.4%.
    | 2 Comments
  • Dec. 4, 2012, 9:09 AM
    The restaurant sector is on watch after a profit warning from Darden Restaurants points to weakness, not in Europe or China, but at home in the U.S. While increased promotional activity in the sector is behind part of the slip from Darden, the bigger question is why are sales so weak for big players if consumer confidence is supposedly bouncing back?
    | 12 Comments
  • Oct. 31, 2012, 11:25 AM
    Fast-food restaurant operators such as Dunkin' Brands (DNKN +0.6%), Chipotle (CMG +0.1%), and McDonald's (MCD -0.1%)) could ride out Hurricane Sandy a bit better than some of the forecasts calling for a significant drop in Q4 sales, according to analysis from Miller Tabak. Lost revenue from the past week in affected areas could be offset by evacuation route stores picking up extra traffic and relief workers coming in with few dining options. Names to watch: Ruby Tuesday (RT +1.4%) with close to 44% of its outlets in the hurricane zone, Brinker International (EAT -1.2%) at 32.6%, Panera Bread (PNRA -1.6%) with 32.6%, and Cheesecake Factor (CAKE +0.3%) sitting at 28.2%.
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  • Oct. 24, 2012, 7:48 AM
    Brinker International (EAT): FQ1 EPS of $0.37 misses by $0.01. Revenue of $683.5M (+2% Y/Y) beats by $4M. Shares -2.1% premarket. (PR)
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  • Aug. 24, 2012, 11:52 AM
    Shares of Brinker International (EAT +1.9%) carve out another gain as they trade just off 52-week highs. A dividend hike and an extra $500M added on to the company's share repurchase program appears to be helping to bring in buyers.
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  • Aug. 9, 2012, 10:17 AM
    Brinker International (EAT +6.1%) says on an earnings CC (webcast) that it's actively seeking locations to grow its Maggiano's chain as it stays on a growth track. Shares of EAT now sit at 5-year highs, as the company books solid same-store sales and doesn't suffer from the same concerns over growth in China that pesters rivals.
    | Comment!
EAT vs. ETF Alternatives
Company Description
Brinker International Inc is a dining restaurant company. The Company is engaged in the ownership, operation, development, and franchising of the Chili's Grill & Bar and Maggianos Little Italy restaurant brands.
Sector: Services
Industry: Restaurants
Country: United States