Brinker International (NYSE:EAT) Posts Earnings Results, Misses Estimates By $0.04 EPS

Brinker International (NYSE:EAT) posted its earnings results on Wednesday. The restaurant operator reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04), Briefing.com reports. Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $1.39 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Brinker International updated its FY 2025 guidance to 4.350-4.750 EPS and its FY25 guidance to $4.35-4.75 EPS.

Brinker International Trading Up 7.7 %

NYSE:EAT traded up $4.87 during mid-day trading on Thursday, hitting $67.73. The company’s stock had a trading volume of 2,179,236 shares, compared to its average volume of 1,503,088. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 0.63 and a beta of 2.52. Brinker International has a fifty-two week low of $28.23 and a fifty-two week high of $76.02. The stock has a fifty day moving average of $67.41 and a 200-day moving average of $56.93.

Wall Street Analyst Weigh In

EAT has been the topic of a number of research analyst reports. Raymond James lowered shares of Brinker International from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $62.00 to $82.50 in a research note on Monday, July 8th. UBS Group lifted their price objective on Brinker International from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. increased their target price on Brinker International from $48.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Morgan Stanley raised their target price on Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a report on Tuesday, July 16th. Finally, Wedbush reiterated a “neutral” rating and set a $68.00 price target on shares of Brinker International in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.58.

Insider Buying and Selling at Brinker International

In other news, COO Douglas N. Comings sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $68.31, for a total value of $683,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,164 shares of the company’s stock, valued at approximately $2,606,982.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Daniel S. Fuller sold 3,611 shares of Brinker International stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $69.04, for a total transaction of $249,303.44. Following the completion of the transaction, the senior vice president now directly owns 34,764 shares of the company’s stock, valued at approximately $2,400,106.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Douglas N. Comings sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $68.31, for a total transaction of $683,100.00. Following the sale, the chief operating officer now directly owns 38,164 shares of the company’s stock, valued at approximately $2,606,982.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,664 shares of company stock valued at $1,216,601. 1.50% of the stock is currently owned by corporate insiders.

Brinker International Company Profile

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.