Brinker International - EAT Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brinker International in the last year. There are currently 1 sell rating, 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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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17 Wall Street research analysts have issued 1-year price objectives for Brinker International's stock. Their EAT share price forecasts range from $26.00 to $60.00. On average, they predict the company's share price to reach $36.39 in the next year. This suggests a possible upside of 4.5% from the stock's current price.
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Brinker International's stock was trading at $36.59 at the beginning of the year. Since then, EAT stock has decreased by 4.9% and is now trading at $34.81.
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Brinker International saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,350,000 shares, an increase of 6.9% from the September 30th total of 4,070,000 shares. Based on an average daily trading volume, of 923,800 shares, the days-to-cover ratio is presently 4.7 days. Approximately 10.1% 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, February 1st 2023.
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Brinker International, Inc. (NYSE:EAT) released its quarterly earnings results on Wednesday, November, 2nd. The restaurant operator reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.03. The restaurant operator earned $955.50 million during the quarter, compared to the consensus estimate of $934.58 million. Brinker International had a net margin of 1.91% and a negative trailing twelve-month return on equity of 33.11%. The company's revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS.

Brinker International issued an update on its FY 2023 earnings guidance on Tuesday, September, 20th. The company provided EPS guidance of $2.45-$2.85 for the period, compared to the consensus EPS estimate of $3.65. The company issued revenue guidance of $3.90 billion-$4.00 billion, compared to the consensus revenue estimate of $4.00 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 BlackRock Inc. (15.55%), Vanguard Group Inc. (11.79%), State Street Corp (3.75%), Macquarie Group Ltd. (3.06%), Dimensional Fund Advisors LP (1.94%) and Primecap Management Co. CA (1.81%). 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 $34.81.

Brinker International (NYSE:EAT) has a market capitalization of $1.53 billion and generates $3.80 billion in revenue each year. The restaurant operator earns $117.60 million in net income (profit) each year or $1.62 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.