Wedbush Analysts Boost Earnings Estimates for Brinker International, Inc. (NYSE:EAT)

Brinker International, Inc. (NYSE:EAT - Free Report) - Stock analysts at Wedbush boosted their FY2024 earnings estimates for Brinker International in a research report issued on Wednesday, May 1st. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $3.97 per share for the year, up from their prior forecast of $3.70. Wedbush has a "Neutral" rating and a $47.00 price objective on the stock. The consensus estimate for Brinker International's current full-year earnings is $3.94 per share. Wedbush also issued estimates for Brinker International's Q4 2024 earnings at $1.46 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $1.17 EPS, Q3 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.54 EPS and FY2025 earnings at $4.48 EPS.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group increased their target price on shares of Brinker International from $47.00 to $48.00 and gave the company a "hold" rating in a research note on Tuesday, April 16th. BMO Capital Markets boosted their price target on shares of Brinker International from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday. Gordon Haskett upgraded shares of Brinker International from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research report on Tuesday, January 16th. JPMorgan Chase & Co. increased their price target on shares of Brinker International from $44.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 19th. Finally, Morgan Stanley lifted their price objective on Brinker International from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $46.06.

Brinker International Stock Up 1.2 %

Brinker International stock traded up $0.64 during midday trading on Friday, hitting $54.98. The company's stock had a trading volume of 1,059,410 shares, compared to its average volume of 1,333,375. Brinker International has a 12 month low of $28.23 and a 12 month high of $56.30. The company has a market capitalization of $2.45 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 0.84 and a beta of 2.42. The stock's 50-day moving average price is $47.81 and its 200-day moving average price is $42.16.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.09. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business earned $1.23 earnings per share.

Hedge Funds Weigh In On Brinker International

Several institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in shares of Brinker International by 1.3% in the 4th quarter. Victory Capital Management Inc. now owns 17,318 shares of the restaurant operator's stock valued at $748,000 after buying an additional 230 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Brinker International by 12.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,070 shares of the restaurant operator's stock worth $89,000 after acquiring an additional 235 shares in the last quarter. Signaturefd LLC raised its position in shares of Brinker International by 68.9% during the third quarter. Signaturefd LLC now owns 946 shares of the restaurant operator's stock worth $30,000 after purchasing an additional 386 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Brinker International by 3.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,408 shares of the restaurant operator's stock valued at $424,000 after purchasing an additional 487 shares in the last quarter. Finally, Bogart Wealth LLC lifted its holdings in shares of Brinker International by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator's stock valued at $32,000 after purchasing an additional 500 shares in the last quarter.

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.