RBC Capital Remains Sidelined on Brinker International (EAT) Following 4Q - PT to $55
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Piper Jaffray Raises Price Target on Brinker International (EAT) to $50 Following 4Q
August 12, 2016 8:08 AM EDTPiper Jaffray reiterated a Neutral rating on Brinker International (NYSE: EAT), and raised the price target to $50.00 (from $49.00), following the company's 4Q earnings report. Fourth-quarter operating earnings increased 31.2% y/y to $1.24 per share, in-line with the Street's $1.23. Unchanged FY17 estimates of... More
Fitch Cuts Brinker International (EAT) to 'BB+' Following Q4 Results
August 11, 2016 11:48 AM EDTFitch Ratings has downgraded Brinker International, Inc.'s (NYSE: EAT) Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BBB-'. The Rating Outlook is Stable.
The downgrade reflects a shift towards a more aggressive financial policy that Fitch projects will result in leverage (total adjusted debt/EBITDAR) moving up by 0.5x to around 4x in fiscal 2017, versus the previous expectation for leverage to be in the mid-3x in fiscal 2017 and versus 3.4x in fiscal 2016. Brinker announced that it plans to increase leverage in the range of $250 to $300 million in the... More
Pre-Open Stock Movers 08/11: (KURA) (M) (KSS) Higher; (AVGR) (AMRN) (SHAK) Lower (more...)
August 11, 2016 9:31 AM EDTToday's Pre-Open Stock Movers
Kura Oncology (NASDAQ: KURA) 47.9% HIGHER; In the companys Phase 2 trial of tipifarnib in HRAS mutant solid tumors, positive clinical activity, including objective responses, has been observed in patients with head and neck squamous cell carcinomas and patients with salivary gland cancer. Based on these responses, enrollment will be expanded to an additional seven patients.
Brinker International (EAT) Tops Q4 EPS by 1c; Guides FY17 EPS Below Views
August 11, 2016 7:17 AM EDTBrinker International (NYSE: EAT) reported Q4 EPS of $1.24, $0.01 better than the analyst estimate of $1.23. Revenue for the quarter came in at $881.7 million versus the consensus estimate of $881.43 million.
Chili's fourth quarter company-owned comparable restaurant sales1 decreased 1.8 percentMaggiano's fourth quarter comparable restaurant sales1 decreased 1.7... MoreTrading Radar for 8/11: NVIDIA (NVDA), Macy's (M), Himax (HIMX), Nordstrom (JWN), voxeljet (VJET) Report
August 10, 2016 3:09 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
Earnings:
AIXTRON SE (Nasdaq: AIXG) - consensus loss $0.11
Akers Biosciences (Nasdaq: AKER) - no Street consensus
Alibaba (Nasdaq: BABA) - consensus EPS $0.63
American DG Energy (Nasdaq:... More
