Brinker International, Inc. (NYSE:EAT) to Post FY2024 Earnings of $3.97 Per Share, Wedbush Forecasts

Brinker International, Inc. (NYSE:EAT) – Investment analysts at Wedbush lifted their FY2024 earnings per share (EPS) estimates for shares of Brinker International in a note issued to investors on Wednesday, May 1st. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $3.97 per share for the year, up from their previous forecast of $3.70. Wedbush has a “Neutral” rating and a $47.00 price target on the stock. The consensus estimate for Brinker International’s current full-year earnings is $3.94 per share. Wedbush also issued estimates for Brinker International’s Q4 2024 earnings at $1.46 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $1.17 EPS, Q3 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.54 EPS and FY2025 earnings at $4.48 EPS.

Brinker International (NYSE:EAT) last released its earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 earnings per share.

A number of other equities analysts also recently commented on the stock. UBS Group boosted their target price on shares of Brinker International from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com downgraded Brinker International from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Evercore ISI boosted their target price on Brinker International from $50.00 to $53.00 and gave the stock an “in-line” rating in a research note on Wednesday. BMO Capital Markets increased their price target on shares of Brinker International from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Brinker International from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.06.

Brinker International Stock Up 1.2 %

NYSE EAT opened at $54.98 on Friday. Brinker International has a 52 week low of $28.23 and a 52 week high of $56.30. The firm has a 50 day moving average of $47.81 and a two-hundred day moving average of $42.16. The stock has a market capitalization of $2.45 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.84 and a beta of 2.42.

Institutional Investors Weigh In On Brinker International

Several large investors have recently modified their holdings of the stock. FMR LLC grew its holdings in shares of Brinker International by 0.8% in the 3rd quarter. FMR LLC now owns 6,694,269 shares of the restaurant operator’s stock worth $211,472,000 after acquiring an additional 54,628 shares during the period. Vanguard Group Inc. grew its stake in Brinker International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,399,920 shares of the restaurant operator’s stock worth $233,169,000 after buying an additional 30,861 shares during the period. Cooper Creek Partners Management LLC purchased a new stake in shares of Brinker International during the 3rd quarter valued at about $57,246,000. Franklin Resources Inc. increased its stake in Brinker International by 24.6% during the 4th quarter. Franklin Resources Inc. now owns 1,503,198 shares of the restaurant operator’s stock worth $64,908,000 after buying an additional 296,785 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Brinker International by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 936,283 shares of the restaurant operator’s stock valued at $40,430,000 after buying an additional 4,294 shares during the last quarter.

Brinker International Company Profile

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. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.