Brinker International (EAT) Announces Quarterly Earnings, Beats Estimates By $0.01 EPS
Brinker International (NYSE:EAT) issued its quarterly earnings data on Wednesday. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.01, StockRatingsNetwork.com reports. The company had revenue of $684.40 million for the quarter, compared to the consensus estimate of $699.49 million.
EAT has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of Brinker International in a research note to investors on Tuesday, January 7th. They set an “outperform” rating on the stock. On a related note, 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, January 6th. Finally, analysts at Zacks upgraded shares of Brinker International from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, January 3rd. They now have a $55.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $46.00.
Shares of Brinker International (NYSE:EAT) opened at 46.69 on Wednesday. Brinker International has a 52 week low of $30.89 and a 52 week high of $47.86. The stock’s 50-day moving average is $45.90 and its 200-day moving average is $42.95. The company has a market cap of $3.129 billion and a P/E ratio of 20.25.
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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