Zacks Research Has Pessimistic Opinion of EAT Q2 Earnings

Brinker International, Inc. (NYSE:EAT) – Equities researchers at Zacks Research lowered their Q2 2027 earnings per share estimates for Brinker International in a research report issued on Wednesday, November 11th. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings of $3.22 per share for the quarter, down from their prior estimate of $3.23. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Brinker International’s current full-year earnings is $13.58 per share. Zacks Research also issued estimates for Brinker International’s Q4 2027 earnings at $4.07 EPS, FY2027 earnings at $13.45 EPS, Q2 2028 earnings at $3.43 EPS, Q3 2028 earnings at $3.65 EPS, FY2028 earnings at $14.43 EPS and FY2029 earnings at $15.46 EPS.

Several other research analysts have also issued reports on EAT. DA Davidson cut their target price on shares of Brinker International from $240.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, September 21st. Northcoast Research raised shares of Brinker International from a “neutral” rating to a “buy” rating and set a $275.00 price target for the company in a research note on Tuesday, September 22nd. Wall Street Zen upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Citigroup upped their price objective on shares of Brinker International from $270.00 to $277.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Finally, Bank of America raised their target price on Brinker International from $224.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Brinker International currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.80.

Brinker International Stock Performance

NYSE:EAT opened at $197.30 on Friday. The company has a fifty day moving average of $203.62 and a 200-day moving average of $176.56. The firm has a market capitalization of $8.20 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.02 and a beta of 1.37. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 1.13. Brinker International has a twelve month low of $111.61 and a twelve month high of $254.99.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.32. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Brinker International had a return on equity of 125.65% and a net margin of 8.44%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.17 EPS.

Insider Activity at Brinker International

In other Brinker International news, Director Joseph DePinto sold 25,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the completion of the sale, the director owned 77,812 shares in the company, valued at approximately $17,927,106.68. The trade was a 24.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michaela M. Ware sold 3,030 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $233.48, for a total transaction of $707,444.40. Following the sale, the executive vice president owned 17,494 shares of the company’s stock, valued at $4,084,499.12. This trade represents a 14.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 132,386 shares of company stock valued at $30,915,368 over the last three months. 1.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EAT. BlackRock Inc. increased its position in shares of Brinker International by 2.2% during the second quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock worth $1,130,552,000 after acquiring an additional 145,525 shares in the last quarter. State Street Corp lifted its position in Brinker International by 3.5% in the 2nd quarter. State Street Corp now owns 1,748,760 shares of the restaurant operator’s stock valued at $293,786,000 after acquiring an additional 59,120 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Brinker International by 0.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,170,612 shares of the restaurant operator’s stock valued at $167,128,000 after acquiring an additional 9,692 shares in the last quarter. Freestone Grove Partners LP bought a new position in Brinker International in the 2nd quarter valued at about $91,237,000. Finally, Wellington Management Group LLP boosted its stake in Brinker International by 63.7% during the 2nd quarter. Wellington Management Group LLP now owns 413,472 shares of the restaurant operator’s stock valued at $69,463,000 after purchasing an additional 160,939 shares during the last quarter.

Brinker International Company Profile

Brinker International, Inc. is a casual-dining restaurant company based in Dallas, Texas. It owns, operates and franchises restaurants under the Chili’s Grill & Bar and Maggiano’s Little Italy brands. Chili’s serves a broad menu of American and Tex-Mex-inspired dishes, including burgers, ribs and fajitas. Maggiano’s specializes in Italian-American cuisine, with dishes such as pasta and other classic entrées. The company traces its roots to 1975, when founder Norman Brinker opened the first Chili’s restaurant in Dallas.