Brinker International - EAT Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brinker International in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 6 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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15 analysts have issued 12 month price objectives for Brinker International's shares. Their EAT share price forecasts range from $26.00 to $46.00. On average, they predict the company's stock price to reach $37.18 in the next year. This suggests a possible upside of 2.3% from the stock's current price.
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Brinker International's stock was trading at $31.91 on January 1st, 2023. Since then, EAT shares have increased by 13.9% and is now trading at $36.34.
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Brinker International saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 4,420,000 shares, a decrease of 13.8% from the February 13th total of 5,130,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is currently 4.3 days. Approximately 10.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Brinker International, Inc. (NYSE:EAT) posted its quarterly earnings data on Wednesday, February, 1st. The restaurant operator reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.25. The restaurant operator had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $991.74 million. Brinker International had a negative trailing twelve-month return on equity of 35.47% and a net margin of 1.87%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share.

ETFs with the largest weight of Brinker International (NYSE:EAT) stock in their portfolio include AdvisorShares Restaurant ETF (EATZ), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), First Trust Small Cap Growth AlphaDEX Fund (FYC), iShares US Small Cap Value Factor ETF (SVAL), Fidelity Small-Mid Cap Opportunities ETF (FSMO), iShares S&P Small-Cap 600 Value ETF (IJS), SPDR S&P 600 Small CapValue ETF (SLYV) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

Brinker International updated its FY 2023 earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of $2.60-$2.90 for the period, compared to the consensus EPS estimate of $2.56. The company issued revenue guidance of $4.05 billion-$4.15 billion, compared to the consensus revenue estimate of $4.04 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."

Brinker International's stock is owned by many different institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (9.24%), Morgan Stanley (2.66%), Macquarie Group Ltd. (2.38%), Dimensional Fund Advisors LP (1.93%), Fisher Asset Management LLC (1.79%) and Geode Capital Management LLC (1.76%). Insiders that own company stock include Charles A Lousignont, Daniel S Fuller, Douglas N Comings, Frances L Allen, Harriet Edelman, Joseph G Taylor, Kelly C Baltes, Michaela M Ware, Pankaj K Patra, Prashant Ranade, Rick Badgley, Steve Provost, Wade Allen and Wyman Roberts.
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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 $36.34.

Brinker International (NYSE:EAT) has a market capitalization of $1.60 billion and generates $3.80 billion in revenue each year. The restaurant operator earns $117.60 million in net income (profit) each year or $1.64 on an earnings per share basis.

The company employs 62,025 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.