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

JP Morgan analyst John Pitzer maintains an Overweight rating on Brinker International (NYSE:EAT) and raises the price target from $44 to $48.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:23 am

Today's whale activity in the consumer discretionary sector shows significant options trading across various stocks, indicating potential trading opportunities. Notable bearish sentiment is observed in TSLA, ULTA, CVNA, SHAK, DASH, and EAT call options, while JD and ETSY put options exhibit bullish sentiment. ABNB call options also show bullish sentiment, contrasting with the bearish trend in other stocks.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:35 pm

Brinker International announced the retirement of CFO Joe Taylor at the end of Fiscal 2024. Mika Ware will succeed him as CFO from June 27, 2024. Additionally, Chris Caldwell has been appointed as SVP and Chief Information Officer, effective Feb. 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:22 pm

In Thursday's after-market session, several consumer discretionary stocks showed significant movement. Coursera, Express, Deckers Outdoor, and Amazon.com were among the gainers, with their stocks rising due to recent earnings reports. Conversely, Columbia Sportswear, Skechers USA, Brinker International, Beazer Homes USA, Aterian, and Envirotech Vehicles were among the losers, primarily due to their latest earnings releases.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 9:31 pm

BMO Capital has reaffirmed its Outperform rating on Brinker International (NYSE:EAT), raising its price target from $52.00 to $55.00. Brinker's shares have risen 1.19% in the last 24 hours to $43.30. The new target suggests a potential 27.02% increase. Brinker operates Chili's and Maggiano's Little Italy, with Chili's being the major revenue contributor.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 5:00 pm

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

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