Brinker International (NYSE:EAT) Releases Quarterly Earnings Results

Brinker International (NYSE:EAT) released its earnings results on Wednesday. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26, Briefing.com reports. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Brinker International updated its FY 2025 guidance to 5.200-5.500 EPS.

Brinker International Trading Down 0.3 %

Shares of EAT stock traded down $0.32 during mid-day trading on Thursday, reaching $103.93. The company’s stock had a trading volume of 983,523 shares, compared to its average volume of 1,449,365. Brinker International has a 12-month low of $32.90 and a 12-month high of $107.15. The firm has a market capitalization of $4.62 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 1.35 and a beta of 2.51. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 19.96. The company’s 50 day simple moving average is $79.86 and its 200-day simple moving average is $69.33.

Analyst Ratings Changes

EAT has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 16th. Wedbush restated a “neutral” rating and issued a $68.00 price objective on shares of Brinker International in a research report on Thursday, August 15th. Bank of America boosted their target price on Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday. Evercore ISI upped their price target on Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a report on Tuesday, October 15th. Finally, UBS Group boosted their target price on Brinker International from $70.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $81.31.

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.