FY2024 EPS Estimates for Brinker International, Inc. (NYSE:EAT) Raised by Analyst

Brinker International, Inc. (NYSE:EAT) – Analysts at Wedbush raised their FY2024 EPS estimates for Brinker International in a research report issued to clients and investors on Wednesday, May 1st. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings of $3.97 per share for the year, up from their previous forecast of $3.70. Wedbush currently has a “Neutral” rating and a $47.00 price objective on the stock. The consensus estimate for Brinker International’s current full-year earnings is $3.98 per share. Wedbush also issued estimates for Brinker International’s Q4 2024 earnings at $1.46 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $1.17 EPS, Q3 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.54 EPS and FY2025 earnings at $4.48 EPS.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. Brinker International’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.23 EPS.

A number of other research analysts have also commented on the company. Evercore ISI upped their price objective on Brinker International from $50.00 to $53.00 and gave the company an “in-line” rating in a report on Wednesday. Royal Bank of Canada raised their price target on shares of Brinker International from $43.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 1st. Stifel Nicolaus boosted their price objective on shares of Brinker International from $55.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets raised their target price on shares of Brinker International from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Raymond James lifted their price target on shares of Brinker International from $45.00 to $50.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.06.

Brinker International Trading Up 1.2 %

Brinker International stock opened at $54.98 on Friday. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 0.72 and a beta of 2.42. Brinker International has a 12 month low of $28.23 and a 12 month high of $56.30. The stock’s 50 day moving average is $47.99 and its 200-day moving average is $42.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its position in Brinker International by 0.8% during the 3rd quarter. FMR LLC now owns 6,694,269 shares of the restaurant operator’s stock worth $211,472,000 after purchasing an additional 54,628 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Brinker International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,399,920 shares of the restaurant operator’s stock worth $233,169,000 after buying an additional 30,861 shares in the last quarter. Cooper Creek Partners Management LLC bought a new position in shares of Brinker International in the 3rd quarter valued at $57,246,000. Franklin Resources Inc. boosted its holdings in shares of Brinker International by 24.6% during the 4th quarter. Franklin Resources Inc. now owns 1,503,198 shares of the restaurant operator’s stock valued at $64,908,000 after acquiring an additional 296,785 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Brinker International by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 936,283 shares of the restaurant operator’s stock worth $40,430,000 after acquiring an additional 4,294 shares during the last quarter.

About Brinker International

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.