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Stock Market & Financial Investment News

News Breaks
August 6, 2014
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%.
News For EAT From The Last 14 Days
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January 28, 2015
10:51 EDTEATBrinker sees commodity prices being less of an issue in Q4
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10:31 EDTEATBrinker slips after earnings, levels to watch
Shares are down over 1.3% at time of writing to $60.85. At that price next support is at $59.96. The key level to watch below that particular support is at $57.95, the 50-day moving average. That moving average is the uptrend support line proxy and it would snap the uptrend from the summer of 2014 if it were broken. Resistance is at $61.16.
10:21 EDTEATBrinker sees 'tough road ahead,' but 'not as bad' as last few years
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10:19 EDTEATBrinker says 'comfortable' with FY15 guidance to date
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10:18 EDTEATBrinker says still sees $4 in EPS by FY17
Says feels "really good" about Chilli's performance domestically. Says facing "challenging" headwinds internationally. Says optimistic about long-term growth potential of Maggiano's brand. Says environment "competitive." Comments made on the Q4 earnings conference call. Brinker is down 2.48% in morning trading to $60.10.
07:48 EDTEATBrinker reports Q2 Chili's sales up 4.4% to $602M
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07:47 EDTEATBrinker reports Q2 comparable restaurant sales up 3.7%
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07:46 EDTEATBrinker reports Q2 EPS excl items 71c, consensus 69c
Reports Q2 revenue $742.77M, consensus $735.87M
January 27, 2015
15:35 EDTEATNotable companies reporting before tomorrow's open
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12:18 EDTEATEarnings Preview: Brinker up 19.5% since last earnings report
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January 20, 2015
08:58 EDTEATBrinker downgraded to Hold on valuation at Wunderlich
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08:12 EDTEATBrinker downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Brinker to Hold with a $65 price target.

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