|Bid||46.00 x 800|
|Ask||46.09 x 800|
|Day's Range||44.88 - 46.24|
|52 Week Range||29.94 - 54.14|
|Beta (3Y Monthly)||-0.88|
|PE Ratio (TTM)||16.97|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||1.52 (3.37%)|
|1y Target Est||46.53|
DALLAS, Oct. 11, 2018 /PRNewswire/ -- Don't be a basic witch this year for Halloween because honestly you deserve better and no one wants to see you in a taco foam costume for the third year in a row. Transform into the "Hi, welcome to Chili's" vine with our first-ever Halloween costume. Go to welcometochilis.com to get your hands on this Halloween treat while supplies last.
Brinker International Inc’s (NYSE:EAT) most recent earnings announcement in June 2018 showed that the company faced a immense headwind with earnings deteriorating by -17%. Below, I’ve laid out key numbers Read More...
NEW YORK, Oct. 05, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
MEMPHIS, Tenn., Oct. 2, 2018 /PRNewswire/ -- Tomorrow, Oct. 3, is Donate Profits Day hosted by Chili's® Grill & Bar to raise awareness and support for St. Jude Children's Research Hospital®. Guests who dine-in or carry-out from any Chili's location on this day will walk away with not only their Chili's favorites, but also the satisfaction of knowing they are helping to ensure no family ever receives a bill from St. Jude for treatment, travel, housing or food – because all a family should worry about is helping their child live. Donate Profits Day is the culmination of Chili's Create-A-Pepper campaign, which ran from Sept. 10 to Oct. 3.
DALLAS, Oct. 1, 2018 /PRNewswire/ -- If you've been tracking our menu updates as any good Chili's-loving Guest should, you know that the Paradise Pie took a break from our menus a few years ago. Today, we're announcing the return of our beloved Paradise Pie to select Chili's® Grill & Bar menus nationwide. Not only is the Paradise Pie back, but it's also giving back.
Moody's Investors Service ("Moody's") today affirmed Brinker International, Inc.'s ("Brinker") Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), Baa3 rated guaranteed senior unsecured notes, and Ba1 rated senior unsecured non-guaranteed notes. Brinker's Speculative Grade Liquidity Rating is SGL-2. "The change in outlook to negative reflects Brinker's weaker than expected operating performance and our view that the company's ability to materially improve leverage and coverage will be challenged by an intense promotional environment and still high adjusted debt levels" stated Bill Fahy, Moody's Senior Credit Officer.
Trinity Industries (TRN) is a major rail transportation solution provider in the United States. The separation is to take place through a distribution of all of the common stock of Arcosa Inc. held by Trinity to Trinity stockholders. In December, Trinity Industries announced its intention to spin off its infrastructure-related businesses.
On September 20, Darden Restaurants (DRI) was trading at $71.12. On the same day, 56.0% of the 25 analysts that follow Darden Restaurants favored a “buy” rating, while 44.0% favored a “hold” rating. Since the announcement of Darden Restaurants’ earnings for the first quarter of fiscal 2019, Canaccord Genuity, Stifel, Jefferies, and Maxim have all raised their price targets.
During the first quarter of fiscal 2019, Darden Restaurants (DRI) posted earnings per share of $1.32. However, removing special or one-time items, the company’s adjusted EPS stood at $1.34, outperforming analysts’ EPS expectations of $1.24. Year-over-year, the company’s EPS grew by 35.4% from $0.99 in the first quarter of fiscal 2018.
On September 24, BMO Capital downgraded Darden Restaurants (DRI) from “market perform” to “underperform” due to concerns about food commodity deflation. As reported by MarketWatch, Andrew Strelzik of BMO Capital expects the SSSG (same-store sales growth) to deaccelerate across the casual dining industry from the beginning of fourth quarter due to the widening gap between consumers eating food at home and eating out. The gap is a result of food commodity deflation. Strelzik also lowered his target price for Darden from $105 to $96.
During the first quarter of fiscal 2019, Darden Restaurants (DRI) posted EBIT (earnings before interest and tax) of $189.1 million, which represents an EBIT margin of 9.2%. The company’s EBIT margin stood at 9.3% in the first quarter of fiscal 2018.
The fourth quarter is shaping up to be a difficult one for casual dining stocks, and one Wall Street analyst issued a wave of downgrades Monday in response to the latest industry data. The Analyst BMO ...
BMO Capital Markets analysts downgraded a number of restaurant company stocks, including Olive Garden parent Darden Restaurants Inc. and Outback parent Bloomin' Brands Inc. , based on "decelerating industry trends" and commodity deflation. Olive Garden just reported better-than-expected same-store sales in the most recent quarter, but BMO analysts are concerned about the impact commodity prices could have on Longhorn Steakhouse. Analysts expressed the same concern about Outback, Brinker International Inc.'s Chili's brand, Texas Roadhouse Inc. and Chuy's Holdings Inc. . "We are shifting to a more cautious view of casual dining as industry comp trends likely will decelerate beginning in 4Q18, driven by a widening food-at-home/food-away-from-home price gap," BMO wrote. Darden was downgraded to underperform from market perform with a price target cut to $96 from $105. The stock is down 0.3% in Monday trading, and up 17.3% for the year to date. Bloomin' Brands was downgraded to market perform from outperform with a price target cut to $21 from $28. Shares are down 4.3% in Monday trading, and are down 9.8% for the year to date. Brinker International was downgraded to underperform from market perform with its price target slashed to $40 from $43. Brinker shares are down nearly 4% in Monday trading, but up 18.7% for 2018 to date. Texas Roadhouse was downgraded to underperform from market perform with a price target decrease to $58 from $62. Texas Roadhouse stock is down 5.2% in Monday trading, but up nearly 27% for the year so far. And Chuy's was downgraded to underperform from market perform with the price target lowered to $23 from $28. Chuy's shares have sunk 9.2% on Monday, and have fallen 11.6% for the year to date. The S&P 500 index has gained 9% for 2018 so far.
By the end of the first quarter of fiscal 2019, Darden Restaurants (DRI) operated 1,753 restaurants: Olive Garden: 858 LongHorn Steakhouse: 506 Cheddar’s Scratch Kitchen: 157 Yard House: 73 The Capital Grille: 58 Bahama Breeze: 40 Seasons 52: 42 Eddie V’s: 19
For the first quarter of fiscal 2019, Darden Restaurants (DRI) posted overall SSSG (same-store sales growth) of 3.3%, outperforming analysts’ expectations of 1.1%. Of Darden’s eight brands, six have posted positive SSSG figures. In this article, we’ll examine the performance of Darden Restaurants’ brands.
In the first quarter of fiscal 2019, Darden Restaurants (DRI) posted revenues of $2.06 billion, outperforming analysts’ expectations of $2.03 billion. Year-over-year, the company’s revenues have increased 6.5%. The addition of 52 new restaurants in the last four quarters contributed 3.2% of its revenue growth, while its SSSG (same-store sales growth) has added 3.3%.
Of the 26 analysts that follow Darden Restaurants (DRI), 53.8% have recommended “buys” on its stock as of September 14, while the remaining 46.2% have recommended “holds.” No analysts have given the stock “sell” recommendations. On average, analysts have set a target price of $119.15 on the stock as of the same day.
For our valuation analysis of Darden Restaurants (DRI), we’ve opted to consider its forward PE multiple due to the high visibility of its future earnings. Darden’s strong fiscal fourth-quarter earnings results and the optimistic outlook set by its management have led to an increase in its stock price and its valuation multiple.
Analysts expect Darden Restaurants (DRI) to post EPS of $1.24 in the first quarter of fiscal 2019, a rise of 25.3% from its EPS of $0.99 in the corresponding quarter of fiscal 2018. This EPS growth will likely be driven by revenue growth, the expansion of its net margin, and share repurchases. Analysts expect Darden’s net margin to expand from 6.5% in the fiscal first quarter of 2018 to 7.5% in the fiscal first quarter of 2019.
For the fiscal first quarter of 2019, analysts expect Darden Restaurants (DRI) to post revenue of $2.03 billion, a rise of 5.0% from $1.94 billion in the corresponding quarter of the previous year. This revenue growth will likely be driven by the addition of new restaurants and positive SSSG (same-store sales growth). Compared to its fiscal first quarter of 2018, Darden operated nine more Olive Garden restaurants, 13 more LongHorn Steakhouse restaurants, 15 more Cheddar’s Scratch Kitchen restaurants, four more Yard House restaurants, two more Capital Grille restaurants, one more Bahama Breeze restaurant, and one more Eddie V’s restaurant at the end of the fiscal fourth quarter of 2019.
Brinker International (EAT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.