$0.96 Earnings Per Share Expected for Brinker International, Inc. (NYSE:EAT) This Quarter

Brokerages forecast that Brinker International, Inc. (NYSE:EAT) will post $0.96 earnings per share for the current quarter, Zacks reports. Six analysts have issued estimates for Brinker International’s earnings, with estimates ranging from $0.90 to $1.17. Brinker International reported earnings per share of $0.89 during the same quarter last year, which indicates a positive year-over-year growth rate of 7.9%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 4th.

On average, analysts expect that Brinker International will report full year earnings of $4.23 per share for the current year, with EPS estimates ranging from $4.00 to $4.36. For the next fiscal year, analysts forecast that the company will post earnings of $4.51 per share, with EPS estimates ranging from $4.15 to $4.77. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Brinker International.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. Brinker International had a negative return on equity of 19.76% and a net margin of 4.41%. The firm had revenue of $786.00 million for the quarter, compared to the consensus estimate of $802.16 million. During the same quarter in the prior year, the business earned $0.47 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis.

A number of research analysts have weighed in on EAT shares. KeyCorp started coverage on Brinker International in a report on Tuesday, July 23rd. They set a “sector weight” rating and a $45.00 target price on the stock. JPMorgan Chase & Co. lowered shares of Brinker International from an “overweight” rating to a “neutral” rating and set a $43.00 target price for the company. in a research note on Tuesday, September 24th. BMO Capital Markets set a $36.00 target price on shares of Brinker International and gave the company a “sell” rating in a research note on Friday, August 16th. OTR Global lowered shares of Brinker International to a “positive” rating in a research note on Wednesday, August 7th. Finally, DA Davidson assumed coverage on shares of Brinker International in a research note on Friday, September 27th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.72.

Shares of EAT stock traded up $0.12 during midday trading on Thursday, reaching $44.09. 749,451 shares of the stock were exchanged, compared to its average volume of 1,071,181. Brinker International has a 1 year low of $36.44 and a 1 year high of $53.61. The company’s 50 day moving average is $42.94 and its two-hundred day moving average is $40.75. The firm has a market cap of $1.64 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.59 and a beta of 0.26.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Friday, December 6th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Thursday, December 5th. Brinker International’s dividend payout ratio (DPR) is presently 38.68%.

In related news, EVP Kelly C. Baltes bought 1,600 shares of Brinker International stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average cost of $38.00 per share, with a total value of $60,800.00. Following the completion of the transaction, the executive vice president now owns 15,584 shares in the company, valued at approximately $592,192. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michaela M. Ware sold 968 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $39.41, for a total transaction of $38,148.88. Following the transaction, the vice president now directly owns 9,973 shares in the company, valued at $393,035.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,112 shares of company stock worth $523,720. Corporate insiders own 3.51% of the company’s stock.

Several large investors have recently modified their holdings of EAT. Tygh Capital Management Inc. acquired a new position in Brinker International during the third quarter valued at $9,888,000. Tower Research Capital LLC TRC lifted its holdings in Brinker International by 117.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,248 shares of the restaurant operator’s stock worth $53,000 after buying an additional 674 shares in the last quarter. Verity Asset Management Inc. acquired a new stake in Brinker International during the 3rd quarter worth approximately $533,000. Russell Investments Group Ltd. lifted its holdings in Brinker International by 141.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 136,359 shares of the restaurant operator’s stock worth $5,810,000 after buying an additional 79,845 shares in the last quarter. Finally, Wealthstreet Investment Advisors LLC acquired a new stake in Brinker International during the 3rd quarter worth approximately $228,000.

About Brinker International

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.

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