Top 10 Rising Stocks To Watch Right Now: Brinker International Inc (EAT)
Brinker International, Inc. (Brinker), incorporated on September 30, 1983, owns, develops, operates and franchises the Chilis Grill & Bar (Chilis) and Maggianos Little Italy (Maggianos) restaurant brands. As of June 27, 2013 (fiscal 2013), the Company's system of Company-owned and franchised restaurants included 1,591 restaurants located in 50 states, and Washington, D.C. It also has restaurants in the Bahrain, Brazil, Canada, Columbia, Costa Rica, Dominican Republic, Ecuador, Egypt, El Salvador, Germany, Guatemala, Honduras, India, Indonesia, Japan, Jordan, Kuwait, Lebanon, Malaysia, Mexico, Oman, Peru, Philippines, Qatar, Russia, Saudi Arabia, Singapore, South Korea, Syria, Taiwan, United Arab Emirates and Venezuela.
Chilis Grill & Bar
Chilis operates in the Bar and Grill category of casual dining. The Company has operations worldwide, with locations in 32 foreign countries and two United States territories. Chilis menu fea tures items, such as Baby Back Ribs smoked in-house, Big Mouth Burgers, Sizzling Fajitas, hand-battered Chicken Crispers and house-made Chips and Salsa. The all-day menu offers a range of appetizers, entrees and desserts. A special lunch section is available on weekdays. In addition to its flavorful food, Chilis offers a line of alcoholic beverages available from the bar, including Margaritas and draft beer. During fiscal 2013, food and non-alcoholic beverage sales constituted approximately 86.1% of Chilis total restaurant revenues, with alcoholic beverage sales accounted for the remaining 13.9%.
Maggianos Little Italy
Maggianos is a full-service, casual dining Italian restaurant brand. Its Maggianos restaurants feature individual and family-style menus, and its restaurants also have banquet facilities designed to host party business or social events. It has lunch and dinner menu offering chef-prepared, classic Italian-American fare i n the for! m of appetizers, entrees with portions of pasta, chicken, seafood, veal and prime steaks, and desserts. The Companys Maggianos restaurants also offer a range of alcoholic beverages, including wines. In addition, Maggianos offers a full carryout menu, as well as local delivery services. During fiscal 2013, food and non-alcoholic beverage sales constituted approximately 83.0% of Maggianos total restaurant revenues, with alcoholic beverage sales accounted for the remaining 17.0%.
Advisors' Opinion:- [By Ali Berri]
Brinker International (NYSE: EAT) reported a drop in its fourth-quarter profit. However, the company's revenue topped analysts' estimates.
- [By Tom Rojas var popups = dojo.query(".socialByline .popC"); popups.forEach(func]
Brinker International Inc.(EAT) said its first-quarter profit increased 12%, helped by higher sales at its Chili’s Grill & Bar and Maggiano’s Little Italy chains.
- [By Rich Duprey]
Restaurant operatorBrinker International (NYSE: EAT ) announced yesterdayits second-quarter dividend of $0.20 per share, the same rate it's paid for the last three quarters when it raised the payout 25% from $0.16 per share.
- [By Shauna O'Brien]
Shares of restaurant company Brinker International, Inc. (EAT) skyrocketed on Wednesday morning after the company reported higher Q2 earnings that beat analysts’ expectations.
EAT’s Earnings in Brief
EAT reported Q2 net income of$39.74 million, or 58 cents per share, up from $37.18 million, or 50 cents per share, a year ago. Excluding special items, earnings were 43 cents per share, up from 37 cents per share last year. Revenue for the quarter was$704.39 million, up from $689.76 million in the second quarter of last year. On average, analysts expected to see EPS of 58 cents and revenue of$699.23 million. Earnings were helped by cost cutting measures atChili’s Grill &am! p; Bar an! d Maggiano’s Little Italy restaurants.CEO Commentary
CEO and president of EAT, Wyman Roberts, commented:”We remain encouraged about the trajectory of our business as results from this past quarter demonstrate our steady progress of driving top-line sales, while increasing value for our shareholders.”
EAT’s Dividend
The company is expected to declare its next quarterly dividend of 24 cents in February. EAT paid its last quarterly payment on December 26. In August, EAT raised its dividend by 20% from 20 cents to 24 cent per share.
Stock Performance
Brinker International shares were up $4.21, or 9.02%, during pre-market trading Wednesday.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-10-rising-stocks-to-watch-right-now-2.html
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