|Bid||39.64 x 1300|
|Ask||39.67 x 1000|
|Day's Range||38.63 - 39.77|
|52 Week Range||36.82 - 53.61|
|Beta (3Y Monthly)||0.60|
|PE Ratio (TTM)||10.56|
|Earnings Date||Aug 13, 2019|
|Forward Dividend & Yield||1.52 (3.93%)|
|1y Target Est||45.94|
Brinker International Inc.'s plan to acquire 116 Chili's Grill & Bar locations could put the company's share repurchase program at risk, according to Quo Vadis Capital. Brinker announced after the closing bell Wednesday that it has executed a letter of intent to acquire the Chili's restaurants from ERJ Dining, a 14-year franchisee. Brinker's restaurant brands include Chili's and Maggiano's Little Italy. The restaurants involved in the deal are mostly located in the Midwest and generate about $300 million in revenue annually. The deal is expected to close during the first quarter of fiscal 2020 and is expected to be earnings-per-share accretive in the fiscal year. Brinker will fund the deal using its existing credit. "It was unclear to us whether 'accretive' took into account lower share repurchase activity or if the deal would be accretive to ROIC [return on invested capital] compared to incremental return of capital, for example," Quo Vadis said, adding that analysts "lean neutral to negative on this acquisition pending more information." Brinker didn't disclose the value of the deal. Brinker stock has fallen nearly 22% over the past 12 months while the S&P 500 index has gained 8.1%.
Brinker International has plans to acquire 116 Chili’s Grill & Bar restaurants from a 14-year franchisee.
DALLAS, July 10, 2019 /PRNewswire/ -- Today, Brinker International, Inc. (EAT), a leader in the casual dining industry, announced it has executed a letter of intent to acquire 116 Chili's® Grill & Bar restaurants from its 14-year franchisee, ERJ Dining. The acquisition is expected to be EPS accretive and generate incremental free cash flow in fiscal year 2020. Brinker International, Inc. is one of the world's leading casual dining restaurant companies.
Yum China's (YUMC) responsible brand building, strong financial position, menu innovation and digital initiatives continue to aid the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Brinker International (EAT) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Several sales-building efforts, unit expansion and increased focus on refranchising are favoring Dunkin' Brands' (DNKN) revenue and earnings growth.
Zacks.com featured highlights include: Brinker, Sonic Automotive, Molina, American Financial and Invitation Homes
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By John Jannarone Red Robin Gourmet Burgers Inc.'s third-largest shareholder, Vintage Capital Management, has called a special meeting to oust five of seven directors at the casual dining chain, setting the stage for a fight for control of a business that has underperformed rivals for years. "Given the Board’s unwillingness to pursue a transparent and […]
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Brinker International, Inc. New York, June 19, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Brinker International, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Red Robin Turned Down Meeting with Large Shareholder and Launched Expensive Defense Campaign By John Jannarone Anyone who looks at a long-term stock chart can conclude that positive change is needed at Red Robin Gourmet Burgers. But rather than make meaningful improvements, the casual dining chain’s latest move was to serve shareholders a costly surprise. […]
DALLAS, June 17, 2019 /PRNewswire/ -- Last week we, Chili's® Grill & Bar, announced our exclusive delivery partnership with DoorDash, making all of your wildest – and truly necessary – delivery dreams come true.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]