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Stock Market & Financial Investment News

News Breaks
January 22, 2014
11:39 EDTCAKE, DIN, DRI, BLMN, EATBrinker 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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May 5, 2015
07:05 EDTBLMNBloomin' Brands backs FY15 adjusted EPS of at least $1.27, consensus $1.29
Cuts FY15 revenue to $4.43B, consensus $4.56B. The reduction from $4.49B is due to expected additional impact from foreign currency translation.
07:03 EDTBLMNBloomin' Brands backs FY15 domestic comparable restaurant sales growth of 1.5%
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07:03 EDTBLMNBloomin' Brands reports Q1 adjusted EPS 54c, consensus 53c
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April 30, 2015
09:20 EDTDINDineEquity backs FY15 guidance released in February
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09:19 EDTDINDineEquity reports Q1 domestic system wide same-restaurant IHOP sales up 4.8%
Reports Q1 domestic system wide same-restaurant sales up 2.9% at Applebee's.
09:18 EDTDINDineEquity reports Q1 adjusted EPS $1.64, consensus $1.60
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08:03 EDTDINDineEquity appoints Darren Rebelez as IHOP brand president
DineEquity appointed Darren Rebelez as president, IHOP brand, effective May 4. Rebelez, who most recently served as COO of 7-Eleven, takes over for DineEquity CEO Julia Stewart, who for the last three-years has had the additional role of Interim brand president.
April 27, 2015
12:56 EDTEATBrinker downgraded to Neutral from Buy at Tigress Financial
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April 23, 2015
07:59 EDTCAKECheesecake Factory results impressive, says Stifel
After Cheesecake Factory delivered beat and raise results, Stifel continues to recommend aggressively buying the shares. The firm thinks the company's raised guidance is conservative, and it raised its price target on the name to $65 from $60.
April 22, 2015
19:14 EDTCAKEOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 3.3%... Alliance Fiber Optic (AFOP), up 6.9%... eBay (EBAY), up 6.2%... Cheesecake Factory (CAKE), up 5.6%... O'Reilly Automotive (ORLY), up 3.8%... Corelogic (CLGX), up 3.2%... Skechers (SKX), up 2.5%... AT&T (T), up 1.3%. ALSO HIGHER: ARRIS Group (ARRS), up 24.9% after acquiring Pace plc. for $2.1B in cash and stock... Esperion Therapeutics (ESPR), up 2.5% after being initiated with an Outperform at RBC Capital... Uniqure (QURE), up 3.7% after being initiated with an Outperform at BMO Capital. DOWN AFTER EARNINGS: Texas Instruments (TXN), down 6.7%... Las Vegas Sands (LVS), down 4.2%... Oceaneering International (OII), down 3.7%... F5 Networks (FFIV), down 2.8%... Xilinx (XLNX), down 3.3%... Qualcomm (QCOM), down 3%... Facebook (FB), down 2.2%... Tractor Supply (TSCO), down 3.1%. ALSO LOWER: Noble Corp (NE), down 1.2% after being downgraded to Underweight from Equal Weight at Morgan Stanley.
17:15 EDTCAKECheesecake Factory raises FY15 EPS view to $2.18-$2.27, consensus $2.17
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17:12 EDTCAKECheesecake Factory sees Q2 EPS 59c-62c, consensus 61c
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16:22 EDTCAKECheesecake Factory moves up on earnings beat
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16:19 EDTCAKECheesecake Factory reports Q1 EPS 56c, consensus 48c
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15:30 EDTCAKENotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include eBay (EBAY), consensus 70c... Facebook (FB), consensus 40c... Texas Instruments (TXN), consensus 62c... Las Vegas Sands (LVS), consensus 72c... Qualcomm (QCOM), consensus $1.33... AT&T (T), consensus 62c... F5 Networks (FFIV), consensus $1.50... Plexus (PLXS), consensus 69c... Skechers (SKX), consensus $1.01... Select Comfort (SCSS), consensus 41c... Tractor Supply (TSCO), consensus 41c... Covanta (CVA), consensus (8c)... Crown Castle (CCI), consensus $1.09... Torchmark (TMK), consensus $1.05... Ameriprise (AMP), consensus $2.33... Polycom (PLCM), consensus 21c... Citrix (CTXS), consensus 65c... Core Laboratories (CLB), consensus 85c... Graco (GGG), consensus 78c... Cheesecake Factory (CAKE), consensus 48c... Equifax (EFX), consensus $1.02... SLM (SLM), consensus 7c... Xilinx (XLNX), consensus 50c... O'Reilly Automotive (ORLY), consensus $1.94... Susquehanna (SUSQ), consensus 18c... Raymond James (RJF), consensus 83c... SL Green Realty (SLG), consensus $1.49... CoreLogic (CLGX), consensus 31c... Oceaneering (OII), consensus 62c... Valmont (VMI), consensus $1.49... Brandywine Realty (BDN), consensus 32c... Weatherford (WFT), consensus 1c.
April 21, 2015
10:41 EDTEATBrinker says still sees sales, earnings growth potential
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10:18 EDTEATBrinker still sees $4 in EPS by FY17
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07:48 EDTEATBrinker reports Q3 Chili's sales up 2.6% to $662.9M
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07:47 EDTEATBrinker reports Q3 EPS, excluding items, 94c, consensus 94c
Reports Q3 revenue $761.7M, consensus $791.13M. Reports Q3 comparable restaurant sales at company-owned restaurants up 1.7%. Reports Q3 comparable restaurant sales up 2.6%. Reports Q3 Chili's company-owned comparable restaurant sales up 1.9%. Reports Q3 Maggiano's comparable restaurant sales up 0.1%. Reports Q3 Chili's franchise comparable restaurant sales up 2.5%.

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