Wall Street analysts predict that Brinker International, Inc. (NYSE:EAT) will announce $835.79 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Brinker International’s earnings, with the lowest sales estimate coming in at $829.48 million and the highest estimate coming in at $840.61 million. Brinker International reported sales of $817.09 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.3%. The company is expected to announce its next earnings results on Tuesday, August 13th.

According to Zacks, analysts expect that Brinker International will report full-year sales of $3.22 billion for the current financial year, with estimates ranging from $3.21 billion to $3.22 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.34 billion, with estimates ranging from $3.27 billion to $3.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Brinker International.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.06. Brinker International had a net margin of 4.75% and a negative return on equity of 19.10%. The company had revenue of $839.30 million during the quarter, compared to the consensus estimate of $831.16 million. During the same period in the previous year, the business earned $1.08 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis.

A number of research firms have recently weighed in on EAT. ValuEngine upgraded shares of Westpac Banking from a “sell” rating to a “hold” rating in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. restated a “sell” rating and set a $18.00 price objective on shares of ABB in a research report on Monday, July 15th. Zacks Investment Research downgraded shares of Inflarx from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Evercore ISI began coverage on shares of Mondelez International in a research report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 price objective for the company. Finally, KeyCorp boosted their price objective on shares of Jacobs Engineering Group from $86.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $44.47.

In related news, EVP Kelly C. Baltes bought 800 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $42.05 per share, with a total value of $33,640.00. Following the completion of the purchase, the executive vice president now owns 13,134 shares in the company, valued at approximately $552,284.70. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.72% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of EAT. Strategy Asset Managers LLC bought a new stake in shares of Brinker International during the first quarter worth $79,000. Nordea Investment Management AB bought a new stake in shares of Brinker International in the fourth quarter worth $147,000. Janney Montgomery Scott LLC bought a new stake in shares of Brinker International in the second quarter worth $219,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Brinker International in the second quarter worth $252,000. Finally, Lido Advisors LLC bought a new stake in shares of Brinker International in the first quarter worth $253,000.

Shares of NYSE EAT traded down $0.24 during midday trading on Thursday, reaching $40.47. The company’s stock had a trading volume of 665,574 shares, compared to its average volume of 1,024,758. Brinker International has a fifty-two week low of $36.82 and a fifty-two week high of $53.61. The stock’s 50 day moving average price is $39.23. The firm has a market cap of $1.50 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.21 and a beta of 0.28.

About Brinker International

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.

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Earnings History and Estimates for Brinker International (NYSE:EAT)

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