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EAT

Brinker International, Inc.

https://brinker.com

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

RBC Capital analyst Christopher Carril maintains a Sector Perform rating on Brinker International (NYSE:EAT) and raises the price target from $43 to $46.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:24 pm

Raymond James analyst Brian Vaccaro has maintained a Strong Buy rating on Brinker International (NYSE:EAT) and increased the price target from $45 to $50.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:20 pm

BMO Capital analyst Andrew Strelzik maintains an Outperform rating on Brinker International (NYSE:EAT) and raises the price target from $52 to $55.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 2:06 pm

Brinker International, Inc. (NYSE:EAT) shares rose after the company reported Q2 revenues of $1.074 billion, slightly below consensus, but an adjusted EPS of $0.99, beating estimates. The growth was attributed to effective marketing, pricing strategies, and improved guest traffic. Comparable restaurant sales increased 5.2%, with Chili’s at 5.0% and Maggiano’s at 6.7%. Operating income margin was up to 5.8%, and adjusted restaurant operating margin to 13.1%. Brinker also raised its FY24 adjusted EPS outlook to $3.45 – $3.70 and revised revenue guidance to $4.30 billion-$4.35 billion. EAT shares jumped 8.88% to $44.31.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 5:15 pm

Brinker International has updated its FY24 revenue guidance, raising the lower end from $4.27 billion to $4.30 billion, while maintaining the upper end at $4.35 billion. This revision positions the guidance range closer to the market estimate of $4.34 billion.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:51 am

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

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