Brinker International (EAT) Announces Quarterly Earnings, Misses Estimates By $0.02 EPS
Brinker International (NYSE:EAT) issued its quarterly earnings data on Wednesday. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.02, AnalystRatingsNetwork.com reports. The company had revenue of $683.92 million for the quarter, compared to the consensus estimate of $685.85 million.
Brinker International (NYSE:EAT) opened at 42.19 on Wednesday. Brinker International has a 52 week low of $28.11 and a 52 week high of $44.28. The stock has a 50-day moving average of $41.08 and a 200-day moving average of $39.2. The company has a market cap of $2.794 billion and a P/E ratio of 19.18.
Several analysts have recently commented on the stock. Analysts at Susquehanna cut their price target on shares of Brinker International from $38.00 to $37.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. On the ratings front, analysts at Ned Davis Research upgraded shares of Brinker International from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Finally, analysts at Ned Davis Research upgraded shares of Brinker International from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $43.53.
Brinker International, Inc (NYSE:EAT) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands.
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