Brinker International(NYSE:EAT) Declares Dividend of $0.3400.

Brinker International (NYSE:EAT) had declared a cash dividend of $0.3400 on Aug 18, 2016. The shares will quote ex-dividend on Sep 7, 2016 and the record date has been fixed for Sep 9, 2016. On Aug 18, 2016 share price, the yield comes out to be 2.5069%. The dividend payable date has been fixed on Sep 29, 2016.

In a different note, On Aug 12, 2016, Barclays said it Maintains its rating on Brinker International. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jun 10, 2016, Barclays said it Maintains its rating on Brinker International. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jun 10, 2016, JP Morgan said it Maintains its rating on Brinker International. In the research note, the firm Raises the price-target to $49.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jun 6, 2016, Topeka Capital said it Assumes its rating on Brinker International. The shares have been rated ‘Outperform’ by the firm. Stephens & Co. said it Initiates Coverage on Brinker International, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Equal-weight’ by the firm. On May 26, 2016, Bernstein said it Assumes its rating on Brinker International. The shares have been rated ‘Market Perform’ by the firm.

Brinker International (EAT) made into the market gainers list on Mondays trading session with the shares advancing 0.26% or 0.14 points. Due to strong positive momentum, the stock ended at $53.43, which is also near the day’s high of $53.79. The stock began the session at $53.26 and the volume stood at 7,03,515 shares. The 52-week high of the shares is $55.16 and the 52 week low is $43.2. The company has a current market capitalization of $2,977 M and it has 5,57,11,827 shares in outstanding.

Brinker International(EAT) last announced its earnings results on Aug 11, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $881.68M. Analysts had an estimated revenue of $881.67M. Earnings per share were $1.24. Analysts had estimated an EPS of $1.23.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, David Roy Doyle (SVP Chief Information Officer) sold 15,187 shares at $54.32 per share price.Also, On Aug 15, 2016, Wyman Roberts (President and CEO) sold 41,722 shares at $53.00 per share price.On May 5, 2016, Joseph G Taylor (VP, Corp. Affairs & Inv. Rel.) sold 2,500 shares at $46.87 per share price, according to the Form-4 filing with the securities and exchange commission.

Brinker International Inc. (Brinker) owns develops operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. At September 24 2014 the Company owned operated or franchised 1622 restaurants in the United States and 29 countries and two territories outside of the United States. Chili’s operates in the Bar and Grill category of casual dining. The Company has operations around the world with locations in 32 foreign countries and two United States territories. Maggiano’s is a full-service casual dining Italian restaurant brand. Its Maggiano’s restaurants feature individual and family-style menus and its restaurants also have banquet facilities designed to host party business or social events.

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