Brinker International (NYSE:EAT) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Brinker International (NYSE:EAT) issued its quarterly earnings results on Tuesday. The restaurant operator reported $1.36 EPS for the quarter, topping the consensus estimate of $1.35 by $0.01, Briefing.com reports. The company had revenue of $834.10 million during the quarter, compared to analyst estimates of $834.69 million. Brinker International had a net margin of 4.75% and a negative return on equity of 19.10%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 EPS. Brinker International updated its FY 2020 guidance to $4.15-4.35 EPS and its FY20 guidance to $4.15-4.35 EPS.

Shares of EAT opened at $38.64 on Wednesday. Brinker International has a 52-week low of $36.82 and a 52-week high of $53.61. The business’s fifty day simple moving average is $39.42. The firm has a market cap of $1.49 billion, a PE ratio of 11.04, a PEG ratio of 1.22 and a beta of 0.25.

Several brokerages recently commented on EAT. Maxim Group reissued a “buy” rating and issued a $58.00 price target on shares of Brinker International in a report on Tuesday, April 30th. Telsey Advisory Group raised shares of Brinker International from a “market perform” rating to an “outperform” rating and set a $47.00 price target for the company in a report on Wednesday, June 12th. ValuEngine raised shares of Brinker International from a “sell” rating to a “hold” rating in a report on Wednesday, May 22nd. Deutsche Bank began coverage on shares of Brinker International in a report on Friday, June 28th. They issued a “hold” rating and a $40.00 price target for the company. Finally, Raymond James reissued an “outperform” rating and issued a $47.00 price target (down previously from $50.00) on shares of Brinker International in a report on Wednesday. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Brinker International currently has an average rating of “Hold” and an average target price of $45.06.



A number of institutional investors and hedge funds have recently made changes to their positions in EAT. Strategy Asset Managers LLC acquired a new stake in Brinker International during the 1st quarter worth $79,000. Quantamental Technologies LLC acquired a new stake in Brinker International during the 2nd quarter worth $173,000. Janney Montgomery Scott LLC acquired a new stake in Brinker International during the 2nd quarter worth $219,000. Quantitative Systematic Strategies LLC acquired a new stake in Brinker International during the 2nd quarter worth $252,000. Finally, Lido Advisors LLC acquired a new stake in Brinker International during the 1st quarter worth $253,000.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.

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Earnings History for Brinker International (NYSE:EAT)

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