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Brinker Announces Deal to Buy 11 Chili's Franchises in Canada

Tue, 21 May 2013 11:00:49 -0400

Brinker International, Inc. (NYSE: EAT) today announces a signed agreement with longtime Canadian franchise partner, Speedy Creek (2011) Ltd. Under the terms of the agreement, a subsidiary of Brinker will acquire 11 existing Chili's^® restaurants in the province of Alberta, which generate approximately $35 million in annual sales. The transaction is projected to

Market Wrap Up for May 20 (CPB, ABT, ACN, YHOO, more)

Mon, 20 May 2013 16:01:08 -0400

The market continues to fear the end of the Fed’s quantitative easing as we started today’s session in negative territory. Though stocks bounced off the morning lows and spent some time in positive territory, they ultimately closed in the red. On Wednesday, we will get more of an idea of what the Federal Reserve plans [...]

Wells Fargo Downgrades Brinker International to “Market Perform” (EAT)

Mon, 20 May 2013 08:49:24 -0400

Citing an expected deceleration of same-store sales outperformance, analysts at Wells Fargo downgraded casual restaurant operator Brinker International, Inc. (EAT) on Monday. The analysts downgraded EAT from “Outperform” to “Market Perform.” They expect shares to reach a target range between $40 and $42; this price target suggests a 3% downside to a 1.4% upside compared [...]

Chow Down on Almost Restaurant ETFs

Wed, 15 May 2013 15:50:01 -0400

Despite what would appear to be an obvious and good idea and the advice dispensed previously in this space, a restaurant ETF still does not exist.

That is too bad because not only does it mean investors need to pay triple-digit prices for the likes of Chipotle (NYSE:

Brinker International Announces Pricing Of $550M Of Notes

Wed, 08 May 2013 16:58:34 -0400

Brinker International (NYSE: EAT) today announced it has priced $550 million of Notes, consisting of two tranches, $250 million due 2018 and $300 million due 2023.

The 2018 Notes will pay interest at 2.600% and mature on May 15, 2018. The 2023 Notes will pay interest at 3.875% and

Burger King’s Earnings In Line, Revs Beat – Analyst Blog

Tue, 30 Apr 2013 08:27:01 -0400

Burger King's first-quarter adjusted earnings per share were in line with the Zacks Consensus Estimate while revenues beat the same.

Brinker Beats on Earnings, Misses Revs – Analyst Blog

Wed, 24 Apr 2013 11:16:01 -0400

Brinker recently reported third-quarter fiscal 2013 adjusted earnings of 72 cents per share.

Market Wrap-Up for Apr.23 (TXN, MET, COH, TRV, DD, more)

Tue, 23 Apr 2013 16:36:14 -0400

The markets built on yesterday’s mini-comeback with all the averages moving higher, following the lead of the European indices, which had ramped up earlier this morning. Earnings reports were coming in bunches today, with early winners like Texas Instruments (TXN), A.O. Smith (AOS), Travelers (TRV), DuPont (DD), and Coach (COH) seeing investor cheer. TRV, DD, [...]

Mid-Afternoon Market Update: Hacked AP Twitter Account Causes Flash Crash

Tue, 23 Apr 2013 15:24:13 -0400

Toward the end of trading Tuesday, the Dow traded up 0.90 percent to 14,698.23 while the NASDAQ surged 0.97 percent to 3,264.59. The S&P also rose, gaining 0.89 percent to 1,576.99.

Index Technicals: The S&P 500 closed above its daily 20 EMA at 1,560.71, with 1,575 resistance above and 1,545 support below

Mid-Day Market Update: II-VI Declines On Weak Results, Netflix Spikes Higher

Tue, 23 Apr 2013 12:54:25 -0400

Midway through trading Tuesday, the Dow traded up 1 percent to 14,712.23 while the NASDAQ surged 1.27 percent to 3,274.59. The S&P also rose, gaining 1.06 percent to 1,578.99.

Index Technicals: The S&P 500 closed above its daily 20 EMA at 1,560.71, with 1,575 resistance above and 1,545 support below that.

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Brinker International Q3 Profit Rises 16%; Adjusted Net and Revenues Top Estimates (EAT)

Tue, 23 Apr 2013 10:42:05 -0400

Restaurant operator Brinker International, Inc. (EAT), parent to Chili’s Grill & Bar and Maggiano’s Little Italy, reported early on Tuesday an increase in third quarter profit on flat revenues. Both results beat Wall Street estimates. The Dallas, Texas-based company posted a third quarter net income of $51.95 million, or 71 cents per share, up from [...]

Earnings Scheduled For April 23, 2013

Tue, 23 Apr 2013 04:41:40 -0400

AO Smith (NYSE: AOS) is estimated to report its Q1 earnings at $0.77 per share on revenue of $504.78 million.

Apple (NASDAQ: AAPL) is projected to post its Q2 earnings at $10.07 per share on revenue of $42.59 billion.

Air Products & Chemicals (NYSE: APD) is

McDonald’s Earnings & Revs Lag Estimates – Analyst Blog

Fri, 19 Apr 2013 13:00:01 -0400

McDonald's Corporation's first-quarter earnings per share and revenues missed the Zacks Consensus Estimates.

KeyBanc Raises Price Target on Brinker (EAT)

Tue, 09 Apr 2013 09:21:37 -0400

Keybanc reported on Tuesday that it has raised its estimates on restaurant company, Brinker International, Inc. (EAT). The firm has reiterated a “Buy” rating on EAT, and has increased its estimates and price target on the company. Analysts have increased the company’s price target to $45, suggesting a 14% upside from the stock’s current price [...]

Stock Upgrades: Panera Bread Rolling in Dough

Thu, 04 Apr 2013 10:25:00 -0400

Wall Street ratings agencies set the tone for today's stock market.

UPDATE: Goldman Sachs Upgrades Brinker to Buy on Solid Traffic Growth

Thu, 04 Apr 2013 09:02:11 -0400

In a note published Thursday, Goldman Sachs analyst Michael Kelter upgraded Brinker International (NYSE: EAT) from Neutral to Buy and increased the price target from $37.00 to $44.00 per share.

In the report, Kelter stated that "We upgrade EAT shares to Buy from Neutral with 17% upside to our

Goldman Sachs Upgrades Brinker (EAT)

Thu, 04 Apr 2013 08:36:18 -0400

Goldman Sachs reported on Thursday that it has upgraded restaurant company, Brinker International, Inc. (EAT). The firm has raised its rating on EAT from “Neutral” to “Buy,” and has increased the company’s price target from $37 to $44. This price target suggests a 14% upside from the stock’s current price of $37.70. Analyst Michael Kelter [...]

Tightening Consumer Spending Eats Away at Restaurants’ Profits (DRI, EAT, MCD, YUM, more)

Mon, 25 Mar 2013 16:06:10 -0400

As part of the fiscal cliff resolution that policymakers set forth on January 1, the payroll tax holiday expired. Now, an extra 2% is taken out of every worker’s paycheck in order to fund Social Security. This 2% reduction in take home pay has caused consumers to reduce spending and cut back on many expenses. [...]

Waitress??!! Where’s the Casual Dining Stock Rally We Ordered?

Wed, 13 Mar 2013 20:22:10 -0400

The Top 20 African-American CEOs in Business Today

Wed, 13 Mar 2013 13:42:29 -0400

It didn't take very long for Benzinga to identify dozens of the top African-American heads of big-name American firms, despite an overall lack of representation in the higher levels of business. The black CEOs on our list come from all corners of the country and lead public and private companies

(EAT) Brinker International Revises Fiscal 2013 Guidance and Long-term Outlook

Tue, 05 Mar 2013 16:11:20 -0500

Brinker International Inc. (EAT) recently revised its guidance for fiscal 2013 and also updated its...

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Brinker Revisits FY13 Guidance – Analyst Blog

Tue, 05 Mar 2013 12:50:01 -0500

Brinker revised its guidance for fiscal 2013 and also updated its long-term outlook.

UPDATE: Miller Tabak Raises PT to $42 on Brinker International on Positive Investor Day Tone

Thu, 28 Feb 2013 10:24:00 -0500

Miller Tabak maintained Brinker International (NYSE: EAT) with a Buy rating and raised the price target from $41.00 to $42.00.

Miller Tabak noted, "We maintain our Buy rating on Brinker International (EAT) and raise our price target to $42 (from $41) after a mostly upbeat investor day conference at

Brinker Adjusts Fiscal 2013 Guidance; Provides Long-Term Goals at Investor Conference (EAT)

Wed, 27 Feb 2013 13:27:04 -0500

At Wednesday’s investor conference, restaurant operator Brinker International, Inc. (EAT) announced that it was updating its fiscal 2013 guidance while also sharing its long-term goals. The Dallas, Texas-based company now expects fiscal 2013 EPS to be on the lower end of a range of $2.30 and $2.45. Analysts are expecting EAT to earn $2.32 per [...]

Valentine's Day Stocks You're Going to Love

Thu, 14 Feb 2013 07:22:52 -0500

It’s Valentine’s Day and unlike that made-up holiday, Sweetest Day, most couples feel the pressure to spend money on each other. A simple, “I love you” just won’t do and that’s why an average of $130.97 is spent by a person celebrating Valentine’s Day. That equates to $18.6 billion in

Ignite to Buy Romano’s Macaroni – Analyst Blog

Thu, 07 Feb 2013 18:21:01 -0500

Ignite Restaurant recently inked an agreement with private equity firm Golden Gate Capital to buy the latter's Italian restaurant chain Romano's Macaroni Grill for $55.0 million.

(RPI) Restaurant Stock Outlook – February 2013 – Zacks Analyst Interviews

Wed, 06 Feb 2013 11:28:11 -0500

The year 2012 started on a relatively positive note for U.S. restaurants. That scenario changed...

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(MCD) McDonald’s Beats Forecasts on Top and Bottom Lines

Tue, 29 Jan 2013 14:12:48 -0500

McDonald’s Corporation’s (MCD) fourth quarter 2012 earnings of $1.38 per share beat the Zacks...

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(KIM) Kimco Realty Adds Santee Trolley Square

Wed, 23 Jan 2013 12:58:46 -0500

Kimco Realty Corp. (KIM) announced the addition of the Santee Trolley Square in suburban San Diego...

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McDonald’s Beats on Both Lines – Analyst Blog

Wed, 23 Jan 2013 11:00:01 -0500

Both Earnings per share and revenues of McDonald's beat the Zacks Consensus Estimates in the fourth quarter 2012.

Company News for January 23, 2013 – Corporate Summary

Wed, 23 Jan 2013 09:36:01 -0500

Companies in the News are: CNI,FCX,KSU,EAT

Brinker 2Q In Line, Revs Up – Analyst Blog

Wed, 23 Jan 2013 09:27:01 -0500

Brinker International recently reported second-quarter fiscal 2013.

Market Wrap-Up for Jan.22 (TRV, FCX, JNJ, EAT, CAT, STT, more)

Tue, 22 Jan 2013 16:50:23 -0500

Hopefully everyone enjoyed the long weekend due to the MLK holiday. Now it’s time to get back to work, as another busy week begins with several major stocks reporting earnings. This morning’s early earnings highlights included gains for the likes of Travelers (TRV), Freeport McMoran (FCX), DuPont (DD), and TD Ameritrade (AMTD) following those companies’ [...]

Mid-Morning Market Update: Verizon Misses Big on Earnings, Research in Motion Skyrockets

Tue, 22 Jan 2013 10:45:57 -0500

Following the market opening Tuesday, the Dow traded down 0.13 percent to 13,632.00 while the NASDAQ fell 0.30 percent to 3,125.21. The S&P rose however, increasing 0.11 percent to 1,482.50.

Top Headline Verizon Communications (NYSE: VZ) posted earnings this morning, largely missing analyst EPS estimates while slightly missing on revenue.

Brinker Q2 Profit Up +4%, In-Line With Wall Street Estimates (EAT)

Tue, 22 Jan 2013 09:03:13 -0500

Restaurant owner and operator Brinker International, Inc. (EAT) said on Tuesday that it saw an increase in second quarter profit and revenue with earnings in-line with Wall Street views while revenue missed. The Dallas, Texas-based company posted second quarter net income of $37.2 million, or 50 cents per share, up +4% from $35.7 million, or [...]

Earnings Scheduled For January 22, 2013

Tue, 22 Jan 2013 01:25:48 -0500

Brinker International (NYSE: EAT) is expected to report its Q2 earnings at $0.50 per share on revenue of $692.88 million.

Johnson & Johnson (NYSE: JNJ) is projected to report its Q4 earnings at $1.17 per share on revenue of $17.67 billion.

Google (NASDAQ: GOOG) is expected

Adobe, Darden and Other Stocks Insiders Are Buying

Sun, 20 Jan 2013 13:17:22 -0500

Insiders may sell shares for any number of reasons, but there is really only one reason insiders buy shares of a company -- they believe the stock price will move higher and they want to profit from it. Pullbacks and sell-offs provide a perfect opportunity for investors who have faith

(AAPL) Fourth Quarter 2012 Earnings Season Gets Into High Gear – Earnings Preview

Sun, 20 Jan 2013 12:56:37 -0500

The fourth quarter reporting season gets into high gear this week, with 253 companies coming out...

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USB Raises Price Target on Brinker International (EAT)

Fri, 18 Jan 2013 09:37:36 -0500

UBS reported on Friday that they have increased their price target for restaurant company, Brinker International, Inc.(EAT) . The firm, which currently has a “Buy” rating on EAT, has increased its price target to $39. This price target suggests a 13% increase from the stock’s current price of $33.80. Analysts have increased their estimates based [...]

Kimco Adds Santee Trolley Square – Analyst Blog

Thu, 17 Jan 2013 17:00:01 -0500

Kimco Realty Corp. added the Santee Trolley Square in suburban San Diego to its portfolio.

Chipotle Posts Preliminary Results – Analyst Blog

Wed, 16 Jan 2013 18:13:01 -0500

Chipotle recently declared its preliminary fourth-quarter 2012 results.

Brinker International Upgraded to “Overweight” at Morgan Stanley (EAT)

Wed, 09 Jan 2013 09:45:05 -0500

On Wednesday analysts at Morgan Stanley upgraded restaurant operator Brinker International, Inc. (EAT) to “Overweight” due to positive remodels and menu changes, margin potentials, and cash flow expectations. The analysts upgraded EAT from “Equal-Weight” to “Overweight” with a price target of $38. This valuation suggests a +15% upside to Tuesday’s closing price of $33.06. A [...]

Brinker Exec VP Davisson Resigns

Thu, 03 Jan 2013 11:16:41 -0500

Brinker International (NYSE: EAT) announced today that Valerie Davisson, Executive Vice President and Chief People Works Officer, has resigned effective immediately to pursue other opportunities and that Ian Baines, Senior Vice President of Strategic Innovation, has resigned effective immediately to pursue an opportunity to be announced.(c) 2013 Benzinga.com. Benzinga does not provide investment

(EAT) Burger King Worldwide Partners Beboca

Tue, 01 Jan 2013 19:29:41 -0500

To further strengthen its global footprint, Burger King Worldwide (BKW) recently inked a joint...

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Burger King Partners Beboca – Analyst Blog

Mon, 31 Dec 2012 11:20:01 -0500

Burger King inked a deal with Beboca Ltd to expand into Central America.

Earnings Scorecard: Darden – Analyst Blog

Thu, 27 Dec 2012 08:00:01 -0500

ollowing Darden Restaurant's second quarter results, estimate revision trend depicted a somewhat negative bias for the upcoming quarters.

UPDATE: Sterne Agee Upgrades Brinker International to Buy on Top-Line Visibility

Fri, 21 Dec 2012 10:52:05 -0500

Sterne Agee raised its rating on Brinker International (NYSE: EAT) from Neutral to Buy with a $36 price target.

Sterne Agee said, "We are upgrading shares of EAT from Neutral to Buy given increased visibility into upcoming sales drivers for CY13. Channel checks at Chili's indicate strong performance

Sterne Agee Upgrades Brinker International to “Buy” (EAT)

Fri, 21 Dec 2012 09:02:21 -0500

Restaurant owner and operator Brinker International, Inc. (EAT) was upgraded by analysts at Sterne Agee on Friday. Sterne Agee’s channel checks on EAT suggest better sales visibility. Accordingly, the analysts upgraded the owner of Chili’s and Maggiano’s from “Neutral” to “Buy.” Sterne Agee see shares of Brinker reaching $36, a +14% upside to Thursday’s closing [...]

Darden’s 2Q EPS Meets, Rev Beats – Analyst Blog

Thu, 20 Dec 2012 12:48:01 -0500

Darden Restaurants' earnings per share was in line with the Zacks Consensus Estimate in second-quarter fiscal 2013 but its revenue beat the same.

Market Wrap-Up for Dec.13 (BBY, CVS, AAPL, EAT, LXK, more)

Thu, 13 Dec 2012 16:18:21 -0500

The market continued yesterday’s rather confused reaction to what the Federal Reserve has planned for the markets and economy (more money printing). The indices had trouble making much traction for much of the session. As investors and market watchers continue to try and figure out what will happen to capital gains and dividend tax rates [...]