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Brinker International, Inc.

5/25/2013, 9:34 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 22, 10:40 AM Brinker International (EAT) will create a Canadian subsidiary as part of its plan to buy back Chili's restaurants from franchisees. What to watch: With same-restaurant sales stagnant for Chili's in the U.S. and competitive pressure fierce, the company may look to more select global markets for growth. Comment! [Consumer]
Tuesday, May 21, 11:08 AM Brinker International (EAT +0.4%) announces the acquisition of 11 Chili's restaurants in Canada from one its franchise partners. The transaction is expected to close next month. Comment! [Consumer]
Tuesday, April 23, 8:01 AM More on Brinker International's (EAT) Q1: Comparable restaurant sales slipped 1.3% at Chili's and Maggiano's showed a modest 0.4% gain - although both chains trended stronger at the end of the quarter. Higher commodity prices and an increased pace of workers' compensation insurance expenses and health insurance claims impacted results. EAT -0.2% premarket. (PR) Comment! [Consumer, Earnings]
Tuesday, April 23, 7:50 AM Brinker (EAT): Q1 EPS of $0.72 beats by $0.03. Revenue of $742.8M beats by $1.25M. (PR) Comment! [Earnings, Breaking News]
Tuesday, April 23, 12:05 AM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX 1 Comment [Earnings]
Monday, April 22, 5:30 PM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX Comment! [Earnings]
Friday, April 12, 9:51 AM Restaurant sales trends improved in March but remain "fragile," according to a new report from Black Box Intelligence. The sector saw a same-store sales increase of 0.5% during the month compared to February’s decline of 5% - while traffic decreased 2% compared to a 4.2% drop in February. Comment! [Consumer]
Wednesday, April 10, 2:17 PM Restaurant visits by parties of adults grew by 1% last year to end four consecutive declines in the category but visits with children in tow showed flat growth once again, according to tracking from the NPD Group. A tripping point for the sector has been the lack of growth in visits by parties with kids. What to watch: Analysts see increased promotional activity sneaking in on the industry's margins. 5 Comments [Consumer]
Thursday, April 4, 9:20 AM A day after catching an upgrade from Raymond James, Brinker (EAT) gets a bump before the bell from an upgrade at Goldman to Buy from Neutral. It's a "solid all-around story," the bank said, adding that same store sales growth will be the "last piece of a [pretty] puzzle." In January, the company said same store sales grew at both its major chains during its fiscal Q2. GS price target is $44 representing ~17% upside. Shares +2% premarket. Comment! [Consumer]
Wednesday, April 3, 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. Comment! [Consumer, On the Move]
Wednesday, April 3, 6:56 AM Raymond James upgrades Brinker International (EAT) to Outperform from Market Perform and raises the price target on shares to $42. Comment! [Consumer]
Monday, March 25, 2:30 PM Restaurant blues: The consensus estimate of economists for consumer spending growth in February is for a 0.6% gain after the measure rose 0.2% in January but don't expect restaurants to report strong numbers for Q1. Inside tracking and guidance warnings from key companies indicate that the sector is feeling the pressure of higher payroll taxes. Major chains also face a tough period of comparable with last year's winter much milder on average in the U.S. 4 Comments [Consumer]
Tuesday, March 12, 9:33 AM Brinker International (EAT -0.7%) will present later today at the Bank of America Consumer & Retail Conference, but slides released early by the company tip off which direction the talk will go. For FY13, the company plans to grow its Maggiano's chain at a 5%-10% clip and Chili's at a more moderate 1%-2% rate. The long-term plan is to see 3% to 5% growth, a mark which would please investors with restaurant revenue sluggish. On capital allocation, expect Brinker to repurchase $1B in shares over the next five years. (webcast, slides) Comment! [Consumer]
Friday, March 1, 3:14 PM Brinker International (EAT +1.2%) looks promising to Hedgeye despite industry-wide traffic and cost concerns. The firm thinks strong execution by management has created strong margin trends which should continue to insulate Brinker's earnings from top-line softness and targeted buybacks will help support share price. Comment! [Consumer]
Friday, February 22, 8:50 AM The restaurant sector is on watch after a pre-earnings warning from Darden Restaurants (DRI) and a harsh downgrade on Wendy's (WEN) sets a negative tone. The picture being painted for 2013 is starting to get pretty consistent - margin pain and soft traffic trends. Other things to watch in 2013 for the sector: 1) The impact of higher payroll taxes. 2) The coming costs of the Affordable Care Act. 3) The push to raise the minimum wage. 4) Which chains can succeed in China and India? 5 Comments [Consumer]
Wednesday, February 13, 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 [Consumer, On the Move]