Wall Street analysts predict that Brinker International, Inc. (NYSE:EAT – Get Rating) will post $1.02 billion in sales for the current quarter, Zacks reports. Nine analysts have issued estimates for Brinker International’s earnings. The lowest sales estimate is $1.00 billion and the highest is $1.02 billion. Brinker International posted sales of $1.01 billion during the same quarter last year, which suggests a positive year over year growth rate of 1%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Brinker International will report full year sales of $3.79 billion for the current year, with estimates ranging from $3.78 billion to $3.82 billion. For the next financial year, analysts expect that the business will post sales of $4.03 billion, with estimates ranging from $3.93 billion to $4.15 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Brinker International.
Brinker International (NYSE:EAT – Get Rating) last announced its earnings results on Wednesday, May 4th. The restaurant operator reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.11). Brinker International had a negative return on equity of 48.95% and a net margin of 4.11%. The business had revenue of $980.40 million for the quarter, compared to analyst estimates of $978.08 million. During the same quarter in the previous year, the company earned $0.78 EPS. The business’s revenue for the quarter was up 18.3% on a year-over-year basis.
NYSE EAT opened at $35.53 on Friday. Brinker International has a 1 year low of $30.20 and a 1 year high of $65.67. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 1.13 and a beta of 2.33. The firm’s 50 day simple moving average is $36.63 and its 200 day simple moving average is $37.97.
In other Brinker International news, COO Douglas N. Comings sold 1,000 shares of the company’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $42.72, for a total value of $42,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Wyman Roberts sold 12,500 shares of the company’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $40.00, for a total transaction of $500,000.00. Following the completion of the sale, the chief executive officer now directly owns 231,373 shares of the company’s stock, valued at $9,254,920. The disclosure for this sale can be found here. Insiders sold a total of 44,103 shares of company stock valued at $1,757,955 over the last ninety days. 4.21% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in EAT. Amundi Pioneer Asset Management Inc. grew its position in shares of Brinker International by 2.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 504,946 shares of the restaurant operator’s stock valued at $22,409,000 after acquiring an additional 10,023 shares during the period. Morgan Stanley lifted its stake in shares of Brinker International by 107.8% during the 2nd quarter. Morgan Stanley now owns 393,270 shares of the restaurant operator’s stock valued at $24,322,000 after buying an additional 203,992 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Brinker International by 47.4% during the 3rd quarter. Raymond James & Associates now owns 41,344 shares of the restaurant operator’s stock valued at $2,028,000 after buying an additional 13,301 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Brinker International by 7.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,735 shares of the restaurant operator’s stock valued at $232,000 after buying an additional 338 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Brinker International by 27.1% during the 3rd quarter. Deutsche Bank AG now owns 96,865 shares of the restaurant operator’s stock valued at $4,750,000 after buying an additional 20,680 shares in the last quarter. 99.38% of the stock is owned by hedge funds and other institutional investors.
About Brinker International (Get Rating)
Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. The company operates in two segments, Chili's and Maggiano's. As of June 30, 2021, it owned, operated, or franchised 1,648 restaurants comprising 1,594 restaurants under the Chili's Grill & Bar name and 54 restaurants under the Maggiano's Little Italy brand name.
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