Brinker International (NYSE:EAT – Get Free Report) reported its earnings results on Wednesday. The restaurant operator reported earnings per share (EPS) of $1.61 for the quarter, missing the consensus estimate of $1.65 by ($0.04), Briefing.com reports. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. The company’s quarterly revenue grew 12.3% year-over-year. In the same quarter last year, the company reported earnings per share of $1.39. Brinker International updated its fiscal 2025 guidance to $4.350-4.750 EPS and its fiscal 2025 guidance to $4.35-4.75 EPS.
Brinker International shares rise by 6.7%
Brinker International shares opened at $67.06 on Friday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 0.63 and a beta of 2.52. The stock’s 50-day moving average is $67.30 and its 200-day moving average is $57.00. Brinker International has a 52-week low of $28.23 and a 52-week high of $76.02.
Upgrades and downgrades by analysts
Several analysts have commented on the company. Raymond James downgraded Brinker International from a “strong buy” rating to an “outperform” rating and increased their price target for the company from $62.00 to $82.50 in a research note on Monday, July 8th. Evercore ISI increased their price target on Brinker International from $65.00 to $69.00 and gave the stock an “in-line” rating in a report on Thursday. Wedbush reiterated a “neutral” rating and set a $68.00 price target on shares of Brinker International in a report on Thursday. UBS Group increased their price target on shares of Brinker International from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley raised their price target 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 16. Three research analysts rated the stock at “sell,” nine gave “hold” and seven gave “buy” ratings. The company currently has a consensus rating of “Hold” and an average price target of $60.58, according to data from MarketBeat.
Check out our latest report on Brinker International
Insider buying and selling
In other news, COO Douglas N. Comings sold 2,953 shares of the company’s stock on Wednesday, June 5. The shares were sold at an average price of $72.97, for a total value of $215,480.41. Following the transaction, the chief operating officer now directly owns 38,164 shares of the company’s stock, valued at $2,784,827.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Daniel S. Fuller sold 3,611 shares of the company’s stock on Thursday, May 30. The shares were sold at an average price of $69.04, for a total value of $249,303.44. Following the sale, the senior vice president now directly owns 34,764 shares of the company’s stock, valued at $2,400,106.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Douglas N. Comings sold 2,953 shares of the company’s stock in a transaction that occurred on Wednesday, June 5. The shares were sold at an average price of $72.97, for a total value of $215,480.41. Following the transaction, the chief operating officer now directly owns 38,164 shares of the company’s stock, valued at $2,784,827.08. The disclosure regarding this sale can be found here. In the last 90 days, insiders sold 16,564 shares of the company’s stock, valued at $1,147,884. 1.50% of the shares are owned by company insiders.
About Brinker International
(Get free report)
Brinker International, Inc., together with its subsidiaries, owns, develops, operates and franchises casual dining restaurants in the United States and internationally. The company operates and franchises the Chili’s Grill & Bar and Maggiano’s Little Italy restaurant brands.
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