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Stock Market & Financial Investment News

News Breaks
March 12, 2013
09:40 EDTEATBrinker says targeting EPS of $4.00 or more by FY17
Says to be 2/3 of way to doubling EPS goal by June, says will achieve 330 bps of its LT operating margin goal of 400bps expansion by this June. Sees achieving 400bp goal by end of next FY, says could reach goal of doubling EPS perhaps even as soon as next FY. Sees Maggiano's revenue climbing to over $500M by FY17. Comments made at the Bank of America Merrill Lynch Consumer & Retail Conference.
News For EAT From The Last 14 Days
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August 19, 2014
10:13 EDTEATOn The Fly: Analyst Upgrade Summary
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08:37 EDTEATBrinker upgraded to Buy from Hold at Wunderlich
Wunderlich upgraded Brinker to Buy citing the company's stronger than industry same-store-sales trends and strong operating economies. The firm raised its price target for shares to $55 from $52.
06:32 EDTEATBrinker upgraded to Buy from Hold at Wunderlich
Wunderlich upgraded Brinker to Buy with a $55 price target.
August 8, 2014
10:00 EDTEATOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Activision Blizzard (ATVI) upgraded to Buy from Neutral at Longbow... Allergan (AGN) upgraded to Outperform from Market Perform at Leerink... Andersons (ANDE) upgraded to Buy from Hold at Feltl... Arista Networks (ANET) upgraded to Buy from Neutral at Citigroup... Barrick Gold (ABX) upgraded to Conviction Buy from Buy at Goldman... Brinker (EAT) upgraded to Outperform from Market Perform at Raymond James... CF Industries (CF) upgraded to Buy from Hold at Feltl... CST Brands (CST) upgraded to Neutral from Underperform at Credit Suisse... Cimarex Energy (XEC) upgraded to Accumulate from Hold at KLR Group... Coca-Cola HBC (OCCH) upgraded to Buy from Hold at Deutsche Bank... Delek US (DK) upgraded to Outperform at Cowen... Fifth Street Finance (FSC) upgraded to Buy from Neutral at Guggenheim... Glimcher Realty Trust (GRT) upgraded to Buy from Neutral at BofA/Merrill... Goodrich Petroleum (GDP) upgraded to Strong Buy from Outperform at Raymond James... Monster Beverage (MNST) upgraded to Neutral from Underperform at Longbow... NIC Inc. (EGOV) upgraded to Outperform from Market Perform at Barrington... NVIDIA (NVDA) upgraded at Needham... POZEN (POZN) upgraded to Buy from Hold at Ascendiant... Power Solutions (PSIX) upgraded to Accumulate from Neutral at Global Hunter... Primoris (PRIM) upgraded to Buy from Hold at BB&T... Sierra Bancorp (BSRR) upgraded to Outperform from Market Perform at Raymond James... Sonus Networks (SONS) upgraded to Outperform from Market Perform at Barrington... Stone Energy (SGY) upgraded to Buy from Accumulate at KLR Group... Tornier (TRNX) upgraded at BMO Capital... Tyson Foods (TSN) upgraded to Buy from Hold at BB&T... WGL Holdings (WGL) upgraded to Buy from Hold at Brean Capital.
06:29 EDTEATBrinker upgraded to Outperform from Market Perform at Raymond James
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August 7, 2014
10:49 EDTEATBrinker says free cash flow view includes litigation settlement
Still sees CapEx declining. Says constantly evaluating franchise/refranchise opportunities.
10:24 EDTEATBrinker still sees EPS of $4 by 2017
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10:21 EDTEATBrinker sees FY15 revenue up 4%, consensus $2.99B
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07:51 EDTEATBrinker sees FY15 adjusted EPS $3.00-$3.15, consensus $3.11
Sees FY15 comparable restaurant sales to increase 1%-2%; Sees FY15 company-owned new restaurant development to add YoY capacity growth of about 1%; Sees FY15 restaurant operating margin to improve 25 to 50 basis points YoY. Sees FY15 free cash flow $180M-$190M.
07:50 EDTEATBrinker reports Q4 Chili's sales $639.8M, Q4 Maggiano's sales $95.2M
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07:49 EDTEATBrinker reports Q4 company sales $734.98M, Q2 franchise revenue $23.74M
Reports Q4 comparable restaurant sales at company-owned restaurants up 2.3%. Reports Q4 Chili's company-owned comparable restaurant sales up 2.5%; Reports Q4 Maggiano's comparable restaurant sales up 0.9%; Reports Q4 Chili's franchise comparable restaurant sales up 1.2%.
07:49 EDTEATBrinker reports Q4 adjusted EPS 85c, consensus 87c
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August 6, 2014
15:49 EDTEATNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Duke Energy (DUK), consensus 98c; Intercontinental Exchange (ICE), consensus $2.02; Mylan (MYL), consensus 70c; Scripps Networks (SNI), consensus $1.13; Brinker International (EAT), consensus 87; AES Corporation (AES), consensus 28c; NRG Energy (NRG), consensus 15c; Harman International (HAR), consensus $1.21; Windstream Holdings (WIN), consensus 8c; Teradata (TDC), consensus 65c; Markel (MKL), consensus $5.79; OGE Energy (OGE), consensus 51c; SunEdison (SUNE), consensus (28c); Royal Gold (RGLD), consensus 29c; Sabre (SABR), consensus 18c; Broadridge (BR), consensus $1.16; Huntington Ingalls (HII), consensus $1.81; AMC Networks (AMCX), consensus 85c; Laredo Petroleum (LPI), consensus 18c; HSN (HSNI), 77c; Wendy's (WEN), consensus 10c; Orbitz Worldwide (OWW), consensus 15c.
13:45 EDTEATEarnings Preview: RBC notes 'worrisome' industry trends ahead of Brinker report
Brinker International (EAT) is scheduled to report fourth quarter results before the market open on Thursday, August 7, with a conference call scheduled for 10:00 am ET. Brinker owns, develops, operates and franchises the Chili's Grill & Bar and Maggiano's Little Italy restaurant brands. EXPECTATIONS: Analysts are looking for earnings per share of 87c on revenue of $749.67M, according to First Call. The consensus range for EPS is 82c-88c on revenue of $744.5M-$759.11M. LAST QUARTER: Brinker reported third quarter adjusted EPS of 84c against estimates for 83c on revenue of $758.41M against estimates for $766.27M. Q3 comparable restaurant sales at company-owned restaurants increased 0.7%. NEWS: During its Q2 earnings call, Brinker said it was on track to double fiscal year 2012 EPS by fiscal year 2017. The company said 46% of its commodities were contracted through the end of calendar year 2014 and forecast some near-term inflationary pressure. Longer term, Brinker said it did not see pressure from commodities inflation. STREET RESEARCH: RBC Capital downgraded Brinker to Sector Perform from Outperform to reflect "worrisome" industry trends. The firm expects Brinker's new initiatives to enable the company to continue to grow its sales at a faster rate than the industry average, but the initiatives are unlikely to enable the company to generate "outsized" traffic for the company. During the quarter, shares were upgraded to Overweight from Neutral at JPMorgan and downgraded to Hold from Buy at Wunderlich. PRICE ACTION: Over the last three months, Brinker shares are down over 9%. Year-to-date, shares are down almost 4%.

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