Brinker International (EAT) Stock Price, News & Analysis

16 Wall Street 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, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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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16 brokerages have issued twelve-month target prices for Brinker International's shares. Their EAT share price targets range from $31.00 to $65.00. On average, they expect the company's stock price to reach $46.06 in the next year. This suggests that the stock has a possible downside of 17.1%.
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Brinker International's stock was trading at $43.18 at the start of the year. Since then, EAT stock has increased by 28.7% and is now trading at $55.59.
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Brinker International saw a increase in short interest in April. As of April 15th, there was short interest totaling 7,380,000 shares, an increase of 26.2% from the March 31st total of 5,850,000 shares. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is presently 5.6 days. Currently, 17.0% 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, August 21st 2024.
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Brinker International, Inc. (NYSE:EAT) issued its quarterly earnings results on Tuesday, April, 30th. The restaurant operator reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.09. The restaurant operator earned $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. Brinker International had a negative trailing twelve-month return on equity of 154.29% and a net margin of 3.55%. Brinker International's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 earnings per share.

ETFs with the largest weight of Brinker International (NYSE:EAT) stock in their portfolio include AdvisorShares Restaurant ETF (EATZ), Invesco Leisure and Entertainment ETF (PEJ) and Invesco S&P SmallCap Consumer Discretionary ETF (PSCD).Texas Capital Texas Equity Index ETF (TXS).

Brinker International issued an update on its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of 3.800-4.000 for the period, compared to the consensus EPS estimate of 3.690. The company issued revenue guidance of $4.3 billion-$4.4 billion, compared to the consensus revenue estimate of $4.3 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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (0.52%), Peregrine Capital Management LLC (0.40%), BNP Paribas Financial Markets (0.08%), State of Alaska Department of Revenue (0.06%), Mirae Asset Global Investments Co. Ltd. (0.04%) and Yousif Capital Management LLC (0.03%). Insiders that own company stock include Daniel S Fuller, Douglas N Comings, Joseph G Taylor, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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