Q3 2024 EPS Estimates for Brinker International, Inc. Boosted by Analyst (NYSE:EAT)

Brinker International, Inc. (NYSE:EATFree Report) – Stock analysts at Zacks Research boosted their Q3 2024 EPS estimates for shares of Brinker International in a research report issued on Thursday, March 21st. Zacks Research analyst A. Ram now expects that the restaurant operator will post earnings of $1.15 per share for the quarter, up from their previous estimate of $1.14. The consensus estimate for Brinker International’s current full-year earnings is $3.70 per share. Zacks Research also issued estimates for Brinker International’s Q3 2025 earnings at $1.23 EPS.

EAT has been the topic of a number of other reports. Barclays lifted their price target on shares of Brinker International from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 3rd. Raymond James increased their price target on Brinker International from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. boosted their price objective on Brinker International from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. StockNews.com lowered shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, Morgan Stanley lowered shares of Brinker International from an “equal weight” rating to an “underweight” rating and set a $36.00 price objective on the stock. in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $42.38.

View Our Latest Analysis on EAT

Brinker International Price Performance

Shares of NYSE:EAT opened at $46.07 on Monday. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 0.75 and a beta of 2.46. The firm’s 50 day simple moving average is $44.68 and its 200 day simple moving average is $38.87. Brinker International has a fifty-two week low of $28.23 and a fifty-two week high of $49.85.

Brinker International (NYSE:EATGet Free Report) last released its earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%.

Institutional Investors Weigh In On Brinker International

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Brinker International by 224.6% during the 1st quarter. JPMorgan Chase & Co. now owns 254,950 shares of the restaurant operator’s stock worth $9,729,000 after acquiring an additional 176,405 shares during the period. Raymond James & Associates raised its position in shares of Brinker International by 74.4% in the first quarter. Raymond James & Associates now owns 58,426 shares of the restaurant operator’s stock valued at $2,230,000 after purchasing an additional 24,923 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of Brinker International during the 1st quarter worth about $237,000. MetLife Investment Management LLC boosted its holdings in shares of Brinker International by 53.4% during the 1st quarter. MetLife Investment Management LLC now owns 24,327 shares of the restaurant operator’s stock worth $928,000 after buying an additional 8,465 shares during the period. Finally, Rhumbline Advisers raised its holdings in Brinker International by 3.1% in the 1st quarter. Rhumbline Advisers now owns 121,256 shares of the restaurant operator’s stock valued at $4,627,000 after acquiring an additional 3,610 shares during the period.

Insider Activity

In other Brinker International news, CFO Joseph G. Taylor sold 24,163 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $44.97, for a total transaction of $1,086,610.11. Following the sale, the chief financial officer now directly owns 56,661 shares of the company’s stock, valued at $2,548,045.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by insiders.

About Brinker International

(Get Free Report)

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.

Recommended Stories

Earnings History and Estimates for Brinker International (NYSE:EAT)

Receive News & Ratings for Brinker International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International and related companies with MarketBeat.com's FREE daily email newsletter.