Brinker International (NYSE:EAT) Posts Quarterly Earnings Results, Beats Expectations By $1.43 EPS

Brinker International (NYSE:EAT) announced its earnings results on Wednesday. The restaurant operator reported $2.80 earnings per share for the quarter, beating the consensus estimate of $1.37 by $1.43, Zacks reports. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. Brinker International updated its FY 2025 guidance to 7.500-8.000 EPS.

Brinker International Price Performance

EAT opened at $174.75 on Wednesday. The company has a fifty day simple moving average of $135.89 and a 200 day simple moving average of $100.11. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The stock has a market cap of $7.76 billion, a P/E ratio of 42.52, a P/E/G ratio of 1.56 and a beta of 2.52. Brinker International has a 12 month low of $40.12 and a 12 month high of $180.00.

Wall Street Analysts Forecast Growth

EAT has been the subject of several recent analyst reports. Morgan Stanley upgraded Brinker International from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $70.00 to $115.00 in a research note on Friday, December 20th. Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Tuesday, December 24th. JPMorgan Chase & Co. lowered shares of Brinker International from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $67.00 to $100.00 in a research report on Thursday, October 31st. Raymond James downgraded Brinker International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. Finally, Piper Sandler increased their price objective on shares of Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Sixteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $111.29.

Insider Buying and Selling at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total value of $386,634.06. Following the completion of the transaction, the chief financial officer now directly owns 23,071 shares in the company, valued at approximately $2,376,774.42. The trade was a 13.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.72% 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.