Brinker International (EAT) Scheduled to Post Quarterly Earnings on Wednesday

Brinker International (NYSE:EAT – Get Rating) is set to post its quarterly earnings results before the market opens on Wednesday, February 1st. Analysts expect Brinker International to post earnings of $0.50 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Brinker International (NYSE:EAT – Get Rating) last announced its earnings results on Wednesday, November 2nd. The restaurant operator reported ($0.57) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.03. The business had revenue of $955.50 million during the quarter, compared to the consensus estimate of $934.58 million. Brinker International had a net margin of 1.91% and a negative return on equity of 33.11%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, analysts expect Brinker International to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Brinker International Trading Down 2.0 %

Shares of EAT stock opened at $37.66 on Wednesday. Brinker International has a twelve month low of $21.47 and a twelve month high of $44.03. The company has a market capitalization of $1.66 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.07 and a beta of 2.25. The firm has a fifty day simple moving average of $34.56 and a 200-day simple moving average of $30.31.

Analyst Ratings Changes

A number of research analysts have commented on EAT shares. StockNews.com started coverage on shares of Brinker International in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Barclays reduced their price target on shares of Brinker International from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 5th. Jefferies Financial Group downgraded shares of Brinker International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $38.00 to $35.00 in a research report on Wednesday, December 21st. Raymond James raised their price target on shares of Brinker International from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Morgan Stanley raised their price target on shares of Brinker International from $30.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Brinker International has an average rating of “Hold” and an average target price of $35.94.

Hedge Funds Weigh In On Brinker International

Large investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in Brinker International during the 2nd quarter valued at about $71,000. Guggenheim Capital LLC acquired a new position in Brinker International during the 1st quarter valued at about $205,000. Beacon Pointe Advisors LLC acquired a new position in Brinker International during the 1st quarter valued at about $210,000. Quantamental Technologies LLC acquired a new position in Brinker International during the 1st quarter valued at about $210,000. Finally, Verition Fund Management LLC acquired a new position in Brinker International during the 1st quarter valued at about $230,000.

About Brinker International

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Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants under the under the Chili's Grill & Bar and Maggiano's Little Italy brand name in the United States and internationally. The company operates in two segments, Chili's and Maggiano's.