Streetbeat News

EAT

Brinker International, Inc.

Industry

Restaurants

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. The company operates in two segments, Chili's and Maggiano's. As of June 30, 2021, it owned, operated, or franchised 1,648 restaurants comprising 1,594 restaurants under the Chili's Grill & Bar name and 54 restaurants under the Maggiano's Little Italy brand name. The company was founded in 1975 and is headquartered in Dallas, Texas.

Open

117.60

Mkt cap

5.2B

Volume

910K

High

117.60

P/E Ratio

28.79

52-wk high

123.66

Low

114.98

Div yield

N/A

52-wk low

34.77

Brinker International has increased its adjusted EPS forecast for FY24 to a range of $3.45 - $3.70, up from the previous estimate of $3.35-$3.65.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:49 am

Brinker International reported a 5.2% increase in Q2 comparable restaurant sales, with Chili's seeing a 5.0% rise and Maggiano's experiencing a 6.7% increase.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:48 am

Brinker International (NYSE:EAT) reported Q2 adjusted EPS of $0.99, surpassing the $0.95 estimate, a 30.26% increase from last year. However, sales of $1.07B fell short of the $1.08B estimate, though they were up 5.40% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:46 am

A comprehensive list of companies is scheduled to report earnings on January 31, 2024, before and after the bell. The list includes a variety of sectors with projected earnings per share and revenue. Notable companies include Novartis, Boeing, Mastercard, and Qualcomm, among others. Some companies are expected to report losses, such as Regis and Silicon Laboratories.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 11:09 am

Brinker International (NYSE:EAT) is scheduled to release its quarterly earnings report on January 31, 2024. Analysts predict an EPS of $0.96. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Brinker's stock price has shown mixed reactions to earnings reports. Shares are currently at $40.68, with a 3.28% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 5:01 pm

The past week's earnings reports from companies like Tesla, Intel, and Texas Instruments were disappointing, affecting market sentiment. However, Netflix's strong performance provided some optimism. With 25% of S&P 500 companies having reported, 69% beat EPS estimates and 68% beat revenue estimates. The upcoming week is tech-heavy with earnings from Microsoft and Apple being highly anticipated, especially Microsoft's AI initiatives. FactSet expects six 'Mag 7' companies, excluding Tesla, to report a 53.7% year-over-year earnings growth for Q4. Energy sector earnings are also to be watched due to low crude oil prices. The SPDR S&P 500 ETF Trust (SPY) saw a slight premarket increase.

Portfolio Pulse from Shanthi Rexaline

January 29, 2024 | 10:51 am

Morgan Stanley analyst John Glass has downgraded Brinker International (NYSE:EAT) from Equal-Weight to Underweight and set a price target of $36.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 8:14 pm

Gordon Haskett analyst Jeff Farmer has upgraded Brinker International (NYSE:EAT) from Hold to Buy, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:05 pm

Stifel analyst Chris O'Cull has reaffirmed a Buy rating on Brinker International (NYSE:EAT) and increased the price target from $45 to $50. This adjustment suggests a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 4:37 pm

Wall Street analysts have updated their price targets and ratings for several companies. Barclays raised Brinker International's target, while Evercore ISI Group boosted Regions Financial's target but downgraded the stock. Jefferies upgraded GSK and raised its target. Baird increased Sherwin-Williams' target but downgraded the stock. Bernstein raised Dell's target and maintained an Outperform rating. Oppenheimer increased Grainger's target. Citigroup raised MercadoLibre's target. UBS boosted Rockwell Automation's target and upgraded the stock. Keefe, Bruyette & Woods raised KeyCorp's target. Wells Fargo cut Ambarella's target and downgraded the stock.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 12:45 pm

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