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

116.00

Mkt cap

4.9B

Volume

1.4M

High

116.53

P/E Ratio

27.07

52-wk high

119.42

Low

110.63

Div yield

N/A

52-wk low

33.24

H&E Equipment Services, Inc. (HEES) shares fell by 18.2% following mixed Q1 results, missing EPS estimates but beating sales expectations. Other stocks experienced significant movements, with notable gainers including Akili, Inc. (AKLI) and losers like Lichen China Limited (LICN). Various companies reported financial results, strategic partnerships, and other business updates affecting their stock prices.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 5:24 pm

Eli Lilly raised its FY24 revenue guidance, leading to a 6.6% surge in its shares. Other companies like GeneDx Holdings, Blend Labs, and LendingTree also reported positive financial results or strategic moves, contributing to significant stock gains. Notable mentions include Harmonic Inc., ATI Inc., and Clearwater Paper Corporation, among others, all experiencing stock price increases following upbeat quarterly results or guidance updates.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 2:53 pm

Brinker International Inc (NYSE:EAT), the parent company of Chili's, saw its shares increase after reporting a 3.4% year-on-year revenue growth to $1.120 billion for Q3 FY24, in line with estimates. Comparable restaurant sales rose, with Chili's at 3.5% and Maggiano's at 1.7%. Operating margin expanded to 6.2%, and operating income rose 8.8% to $69.9 million. Adjusted EBITDA and EPS also saw increases, with EPS beating consensus. Brinker raised its FY24 EPS and revenue outlook, leading to a 6.78% stock price increase.

Portfolio Pulse from Shivani Kumaresan

April 30, 2024 | 2:29 pm

In Tuesday's pre-market session, 12 consumer discretionary stocks showed significant movement. Mullen Automotive, LL Flooring Holdings, Worksport, Tupperware Brands, Brinker International, and Allbirds were among the gainers, with Mullen Automotive leading with a 21.1% increase. On the losing side, Chegg, Coursera, Fenbo Holdings, Nova Lifestyle, Container Store Group, and Lottery.com saw declines, with Chegg experiencing the largest drop of 16.2%. Notably, Brinker International's Q3 earnings were released today, while Chegg and Coursera's Q1 earnings were announced yesterday.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 12:06 pm

Brinker International, Inc. (EAT) shares surged following the announcement of impressive third-quarter financial results and an upward revision of its fiscal year 2024 guidance.