Brinker International (EAT) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brinker International in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EAT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EAT, but not buy additional shares or sell existing shares.
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14 Wall Street analysts have issued 1-year target prices for Brinker International's shares. Their EAT share price forecasts range from $28.00 to $45.00. On average, they anticipate the company's share price to reach $37.57 in the next year. This suggests a possible upside of 21.0% from the stock's current price.
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Brinker International's stock was trading at $31.91 at the beginning of 2023. Since then, EAT stock has decreased by 2.7% and is now trading at $31.06.
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Brinker International saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,060,000 shares, an increase of 6.5% from the August 31st total of 4,750,000 shares. Based on an average daily trading volume, of 993,400 shares, the short-interest ratio is currently 5.1 days. Approximately 11.6% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our EAT earnings forecast.

Brinker International, Inc. (NYSE:EAT) issued its earnings results on Wednesday, August, 16th. The restaurant operator reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.09. The restaurant operator earned $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Brinker International had a net margin of 2.48% and a negative trailing twelve-month return on equity of 55.47%. The business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 EPS.

ETFs with the largest weight of Brinker International (NYSE:EAT) stock in their portfolio include AdvisorShares Restaurant ETF (EATZ) and Invesco S&P SmallCap Consumer Discretionary ETF (PSCD).Harbor Corporate Culture Small Cap ETF (HAPS).

Brinker International updated its FY 2024 earnings guidance on Wednesday, August, 16th. The company provided EPS guidance of $3.15-$3.55 for the period, compared to the consensus estimate of $2.46. The company issued revenue guidance of $4.27 billion-$4.35 billion, compared to the consensus revenue estimate of $4.88 billion.

980 employees have rated Brinker International Chief Executive Officer Wyman Roberts on Glassdoor.com. Wyman Roberts has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Brinker International investors own include Cracker Barrel Old Country Store (CBRL), AT&T (T), Ford Motor (F), AbbVie (ABBV), Boeing (BA), Intel (INTC), QUALCOMM (QCOM), Energy Transfer (ET), Pfizer (PFE) and General Motors (GM).

Brinker International trades on the New York Stock Exchange (NYSE) under the ticker symbol "EAT."

Shares of EAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EAT stock can currently be purchased for approximately $31.06.

Brinker International (NYSE:EAT) has a market capitalization of $1.39 billion and generates $4.13 billion in revenue each year. The restaurant operator earns $102.60 million in net income (profit) each year or $2.24 on an earnings per share basis.

The company employs 64,323 workers across the globe.

Brinker International's mailing address is 3000 OLYMPUS BLVD, DALLAS TX, 75019. The official website for the company is www.brinker.com. The restaurant operator can be reached via phone at (972) 980-9917, via email at investor.relations@brinker.com, or via fax at 972-770-9593.