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Stock Market & Financial Investment News

News Breaks
January 22, 2014
11:39 EDTEAT, DRI, CAKE, BLMN, DINBrinker hits 52-week high after better than expected results
Shares of casual restaurant operator Brinker International (EAT) are rallying after the company's second quarter results beat expectations. Brinker owns and operates Chili’s and Maggiano’s restaurants and also franchises the brands. WHAT'S NEW: This morning, Brinker reported second quarter adjusted earnings of 59c per share and revenue of $704.4M, compared to analysts' consensus estimates of 58c and $699.23M, respectively. Comparable restaurant sales at company-owned restaurants increased 0.8% in the quarter. On its earnings conference call, Brinker said it was "optimistic" about the second half of 2014. The company expects the rate of commodity inflation to remain flat through this calendar year and noted that 75% of its commodities are contracted through the end of the current fiscal year. ANALYST REACTION: In a note to investors this morning, Citigroup said that Brinker continues to gain market share and outperformed the industry during the quarter in terms of same-store sales in each month. Citi said the company's slightly better than expected results, coupled with low investor expectations for Brinker, could cause the shares to rise. The firm maintained a Buy rating with a $49 price target. PRICE ACTION: In late morning trading, Brinker rose $2.56, or 5.5%, to $49.25 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $50.74, and it's up over 51% in the past twelve months. OTHERS TO WATCH: Brinkers' competitors include Darden Restaurants (DRI), Cheesecake Factory (CAKE), DineEquity (DIN) and Bloomin' Brands (BLMN).
News For EAT;DRI;CAKE;BLMN;DIN From The Last 14 Days
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October 28, 2014
08:02 EDTDINDineEquity raises quarterly dividend 17%, increases repurchase authorization
DineEquity announced approval by its Board of Directors of a meaningful 17% increase in the company’s quarterly cash dividend to 87.5c per share of common stock. The fourth quarter 2014 dividend will be payable on January 9, 2015 to the Company’s stockholders of record at the close of business on December 3, 2014. The Board of Directors also approved an increase in the share repurchase authorization for the Company’s common stock, effective immediately, to $100 million from the remaining previous authorization of approximately $40 million. The Company anticipates using the majority of its remaining free cash flow after dividend payments for share repurchases.
October 27, 2014
10:00 EDTDINOn The Fly: Analyst Upgrade Summary
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06:29 EDTDINDineEquity upgraded to Buy from Neutral at Longbow
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October 23, 2014
10:42 EDTCAKEHigh option volume stocks
High option volume stocks: ALIM ROC CAKE MDXG SMH CFX CRI INFN LTM
07:11 EDTCAKECheesecake Factory shares defended at Stifel
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October 22, 2014
18:34 EDTCAKEOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 13.1% after reporting third quarter results and increasing share repurchase authorization to $250M... Infinera (INFN), up 9.8%... Tractor Supply (TSCO), up 11.8%... Acacia Research (ACTG), up 7.7%... Marketo (MKTO), up 4.5%... O'Reilly Automotive (ORLY), up 3.9%... Fortinet (FTNT), up 1.5%... Mellanox (MLNX), up 2.9%... ServiceNow (NOW), up just under 1%. ALSO HIGHER: CarMax (KMX), up 1% after announcing a $2B increase to its share repurchase program. DOWN AFTER EARNINGS: Air Methods (AIRM), down 19.8% following preliminary third quarter results... Yelp (YELP), down 13.6%... Core Laboratories (CLB), down 7.9%... Varian Medical (VAR), down 4.9% after reporting fourth quarter results... Open Text (OTEX), down 3.9%... Citrix (CTXS), down 5.7%... Cheesecake Factory (CAKE), down 4.5%... Allied World (AWH), down 4.7%... Lam Research (LRCX), down 3.3%... Skechers (SKX), down just under 1% after reporting third quarter results above analyst estimates... AT&T (T), down 1.5%. ALSO LOWER: DIRECTV (DTV), down just under 1% following AT&T third quarter results... Alcobra (ADHD), down 16% following results of MDX study... WidePoint (WYY), down 8.1% after filing an automatic common stock shelf... New Mountain Finance (NMFC), down 4.4% after filing to sell 5M shares of common stock.
17:19 EDTCAKECheesecake Factory sees FY15 EPS $2.35-$2.45, consensus $2.59
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17:17 EDTCAKECheesecake Factory sees FY14 EPS $2.07-$2.11, consensus $2.21
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17:16 EDTCAKECheesecake Factory sees Q4 EPS 58c-62c, consensus 63c
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16:47 EDTCAKECheesecake Factory down 3.4% after reporting Q3 results
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16:17 EDTCAKECheesecake Factory reports Q3 EPS 48c, consensus 57c
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15:30 EDTCAKENotable companies reporting after market close
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08:48 EDTEATBrinker weakness creates buying opportunity, says Sterne Agee
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October 21, 2014
10:36 EDTEATBrinker 'optimistic' about Maggianos during holiday season
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10:29 EDTEATBrinker backs guidance of 25-50 bp of restaurant-levell op margin expansion
The company said we were not surprised by margins with the exception of the commodity expenses. Expects commodity expenses also comes back in line. The company said it is now working on changing the trajectory of the brand at Chili's with a lot more initiatives to come. It said it is nowhere near the end of the potential of grow market share. Comments taken from Q1 earnings conference call.
07:48 EDTEATBrinker reports sales up 3.4% $686.9M, comparable restaurant sales up 2.4%
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07:47 EDTEATBrinker reports Q1 Chili's comparable restaurant sales up 2.6%, traffic up 0.1%
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07:46 EDTEATBrinker reports Q1 EPS excl items 50c, consensus 50c
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October 20, 2014
14:29 EDTEATBrinker technical notes ahead of earnings
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13:33 EDTEATEarnings Preview: Brinker still sees $4 in EPS by 2017
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