Brinker International (NYSE:EAT) Issues Quarterly Earnings Results

Brinker International (NYSE:EAT - Get Free Report) issued its earnings results on Tuesday. The restaurant operator reported $2.66 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.18, Zacks reports. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business posted $1.24 EPS. The company's revenue was up 27.2% compared to the same quarter last year. Brinker International updated its FY 2025 guidance to 8.500-8.750 EPS.

Brinker International Stock Performance

Shares of EAT stock traded down $22.36 during trading on Tuesday, reaching $138.31. 4,473,838 shares of the company's stock traded hands, compared to its average volume of 1,479,501. The firm's 50-day moving average is $148.25 and its 200 day moving average is $138.40. The company has a market capitalization of $6.14 billion, a P/E ratio of 24.04, a PEG ratio of 0.49 and a beta of 2.21. Brinker International has a 1 year low of $48.37 and a 1 year high of $192.22. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96.

Insider Transactions at Brinker International

In other news, COO Douglas N. Comings sold 7,500 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $167.10, for a total value of $1,253,250.00. Following the transaction, the chief operating officer now owns 26,752 shares of the company's stock, valued at approximately $4,470,259.20. This represents a 21.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Cindy L. Davis sold 5,802 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $187.86, for a total value of $1,089,963.72. Following the transaction, the director now owns 11,107 shares of the company's stock, valued at approximately $2,086,561.02. The trade was a 34.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,802 shares of company stock valued at $3,752,464 over the last three months. Company insiders own 1.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EAT. Citigroup lowered their price objective on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. increased their price target on Brinker International from $140.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Northcoast Research upgraded Brinker International from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a research report on Thursday, January 30th. Wedbush lifted their price target on Brinker International from $140.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group upped their price objective on Brinker International from $162.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $142.53.

Brinker International Company Profile

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.