Brinker International (EAT) Set to Announce Quarterly Earnings on Tuesday

Brinker International (NYSE:EAT) will be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Brinker International has set its FY24 guidance at $3.45-$3.70 EPS and its FY 2024 guidance at 3.450-3.700 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.05. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. On average, analysts expect Brinker International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Brinker International Stock Up 1.2 %

Shares of NYSE EAT opened at $48.83 on Friday. Brinker International has a 12 month low of $28.23 and a 12 month high of $51.72. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 0.78 and a beta of 2.46. The business has a fifty day simple moving average of $47.17 and a 200-day simple moving average of $41.61.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Brinker International from $48.00 to $50.00 and gave the company an “in-line” rating in a research report on Thursday, April 18th. Raymond James raised their price objective on Brinker International from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. BMO Capital Markets raised their price objective on shares of Brinker International from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Wedbush upped their price target on Brinker International from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Stifel Nicolaus increased their price objective on Brinker International from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $44.81.

Insiders Place Their Bets

In other Brinker International news, CFO Joseph G. Taylor sold 24,163 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $44.97, for a total value of $1,086,610.11. Following the completion of the transaction, the chief financial officer now directly owns 56,661 shares of the company’s stock, valued at $2,548,045.17. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

About Brinker International

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. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.