Four Corners Property Trust Inc (FCPT) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.30 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.33. The company posted revenue of $30.91 million in the period, compared to analysts expectations of $31.40 million. The company’s revenue was up 569.0% compared to the same quarter last year.
Many Wall Street Analysts have commented on Four Corners Property Trust Inc. Company shares were Downgraded by Robert W. Baird on Jul 12, 2016 to ” Neutral”, Firm has raised the Price Target to $ 21 from a previous price target of $20 .
In a different news, on May 27, 2016, Paul E. Szurek (director) purchased 1,202 shares at $19.42 per share price. According to the SEC, on Nov 13, 2015, Douglas B Hansen (director) purchased 3,000 shares at $20.40 per share price. On Nov 12, 2015, Marran H. Ogilvie (director) purchased 4,400 shares at $20.55 per share price, according to the Form-4 filing with the securities and exchange commission.
Four Corners Property Trust Inc. is engaged in owning acquiring and leasing properties on a triple-net basis for use in the restaurant industry and other industries. The Company owns approximately 424 restaurant properties. The Company’s properties are located across approximately 44 states in the United States. The Company’s portfolio includes around 300 Olive Garden restaurants 104 LongHorn Steakhouse restaurants 11 Bahama Breeze restaurants two Seasons 52 restaurants one Wildfish Seafood Grille restaurant as well as the six properties that consist of the LongHorn San Antonio Business. The Company acquires properties to lease to restaurant operators on a triple-net basis through sale-leaseback transactions. The Company operates as a dining company. The Company operates around 40 restaurants in the west 41 in the northeast 161 in the southeast 115 in the Midwest and 61 in the south in the United States.