Equities research analysts expect that Brinker International, Inc. (NYSE:EAT) will report sales of $803.33 million for the current quarter, Zacks reports. Two analysts have made estimates for Brinker International’s earnings. The highest sales estimate is $806.46 million and the lowest is $800.19 million. Brinker International posted sales of $881.68 million in the same quarter last year, which suggests a negative year over year growth rate of 8.9%. The firm is expected to report its next earnings report before the market opens on Thursday, August 10th.

According to Zacks, analysts expect that Brinker International will report full year sales of $803.33 million for the current fiscal year, with estimates ranging from $3.14 billion to $3.17 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.15 billion per share, with estimates ranging from $3.12 billion to $3.17 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Brinker International.

A number of brokerages have recently issued reports on EAT. Barclays PLC cut their price objective on shares of Brinker International from $47.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 19th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Brinker International in a research report on Monday, July 24th. Maxim Group reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Brinker International in a research report on Tuesday, April 25th. BMO Capital Markets raised shares of Brinker International from an “underperform” rating to a “market perform” rating and set a $40.00 price objective on the stock in a research report on Thursday, June 22nd. Finally, Zacks Investment Research downgraded shares of Brinker International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $46.54.

In other Brinker International news, EVP Steve Provost sold 2,750 shares of Brinker International stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $44.06, for a total transaction of $121,165.00. Following the completion of the sale, the executive vice president now directly owns 29,780 shares in the company, valued at approximately $1,312,106.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.76% of the company’s stock.

A number of hedge funds have recently made changes to their positions in EAT. Highbridge Capital Management LLC acquired a new stake in shares of Brinker International during the fourth quarter valued at approximately $478,000. Creative Planning boosted its stake in shares of Brinker International by 2.7% in the first quarter. Creative Planning now owns 6,843 shares of the restaurant operator’s stock valued at $301,000 after buying an additional 180 shares during the last quarter. Atria Investments LLC boosted its stake in shares of Brinker International by 72.9% in the first quarter. Atria Investments LLC now owns 9,321 shares of the restaurant operator’s stock valued at $410,000 after buying an additional 3,930 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Brinker International during the first quarter valued at approximately $484,000. Finally, Edmp Inc. boosted its stake in shares of Brinker International by 34.8% in the first quarter. Edmp Inc. now owns 11,415 shares of the restaurant operator’s stock valued at $502,000 after buying an additional 2,945 shares during the last quarter.

Brinker International (NYSE EAT) opened at 35.68 on Tuesday. The stock has a 50 day moving average of $37.21 and a 200 day moving average of $41.61. The company has a market cap of $1.75 billion, a P/E ratio of 11.65 and a beta of 0.25. Brinker International has a 52 week low of $34.18 and a 52 week high of $55.84.

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About Brinker International

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

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