Zacks Research Issues Pessimistic Forecast for EAT Earnings

Brinker International, Inc. (NYSE:EAT) – Zacks Research decreased their Q2 2027 EPS estimates for shares of Brinker International in a research note issued to investors on Wednesday, November 11th. Zacks Research analyst Team now expects that the restaurant operator will post earnings per share of $3.22 for the quarter, down from their previous estimate of $3.23. Zacks Research currently 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.

A number of other equities analysts have also recently commented on EAT. Piper Sandler boosted their price target on Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Seaport Research Partners assumed coverage on Brinker International in a research note on Wednesday, September 16th. They issued a “buy” rating and a $230.00 price objective on the stock. Wells Fargo & Company raised their price objective on Brinker International from $270.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. KeyCorp lifted their target price on Brinker International from $250.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Finally, UBS Group boosted their target price on Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Two investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $249.80.

Brinker International Trading Down 1.7%

Shares of EAT stock opened at $197.30 on Friday. The stock’s fifty day moving average price is $203.62 and its two-hundred day moving average price is $176.56. The company has a market cap of $8.20 billion, a PE ratio of 17.37, a P/E/G ratio of 1.02 and a beta of 1.37. Brinker International has a fifty-two week low of $111.61 and a fifty-two week high of $254.99. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.29 and a current ratio of 0.34.

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

Insider Activity

In other Brinker International news, EVP Michaela 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 approximately $4,084,499.12. The trade was a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Daniel Fuller sold 1,909 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $253.54, for a total transaction of $484,007.86. Following the transaction, the senior vice president owned 30,177 shares of the company’s stock, valued at $7,651,076.58. This trade represents a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 132,386 shares of company stock valued at $30,915,368. 1.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brinker International

Several large investors have recently bought and sold shares of the company. PEAK6 LLC increased its position in shares of Brinker International by 57.5% during the third quarter. PEAK6 LLC now owns 10,319 shares of the restaurant operator’s stock worth $1,997,000 after buying an additional 3,766 shares during the period. Private Advisor Group LLC acquired a new position in Brinker International in the third quarter valued at $413,000. Focus Advisor Solutions LLC lifted its holdings in Brinker International by 52.8% in the third quarter. Focus Advisor Solutions LLC now owns 2,711 shares of the restaurant operator’s stock valued at $525,000 after buying an additional 937 shares during the period. Independent Advisor Alliance boosted its position in Brinker International by 11.0% during the third quarter. Independent Advisor Alliance now owns 5,435 shares of the restaurant operator’s stock valued at $1,057,000 after acquiring an additional 540 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Brinker International by 1,940.0% during the third quarter. Meeder Asset Management Inc. now owns 46,654 shares of the restaurant operator’s stock valued at $9,029,000 after acquiring an additional 44,367 shares during the last quarter.

About Brinker International

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.