Wall Street analysts expect that Brinker International, Inc. (NYSE:EAT) will announce $882.48 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Brinker International’s earnings, with estimates ranging from $876.06 million to $894.68 million. Brinker International posted sales of $790.70 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The firm is expected to report its next quarterly earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Brinker International will report full year sales of $3.54 billion for the current fiscal year, with estimates ranging from $3.52 billion to $3.58 billion. For the next fiscal year, analysts expect that the business will report sales of $3.69 billion, with estimates ranging from $3.66 billion to $3.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Brinker International.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. The firm had revenue of $786.00 million for the quarter, compared to analyst estimates of $802.16 million. Brinker International had a negative return on equity of 19.76% and a net margin of 4.41%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS.

EAT has been the topic of a number of recent research reports. Raymond James increased their price objective on Brinker International from $47.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Citigroup decreased their price objective on Brinker International from $52.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Piper Jaffray Companies upgraded Brinker International from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $39.00 to $54.00 in a research report on Thursday, October 31st. DA Davidson started coverage on Brinker International in a research report on Friday, September 27th. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. lowered Brinker International from an “overweight” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.72.

EAT traded down $0.46 during mid-day trading on Friday, reaching $45.00. The stock had a trading volume of 527,636 shares, compared to its average volume of 1,046,052. The stock has a market capitalization of $1.65 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.60 and a beta of 0.26. The firm’s fifty day simple moving average is $43.08 and its two-hundred day simple moving average is $40.75. Brinker International has a 52 week low of $36.44 and a 52 week high of $53.61.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Friday, December 6th will be given a $0.38 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.52 annualized dividend and a dividend yield of 3.38%. Brinker International’s dividend payout ratio is currently 38.68%.

In related news, VP Michaela M. Ware sold 968 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $39.41, for a total transaction of $38,148.88. Following the sale, the vice president now owns 9,973 shares of the company’s stock, valued at approximately $393,035.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steve Provost sold 11,419 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $40.00, for a total value of $456,760.00. Following the sale, the executive vice president now directly owns 42,321 shares in the company, valued at approximately $1,692,840. The disclosure for this sale can be found here. 3.51% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of EAT. Skandinaviska Enskilda Banken AB publ raised its stake in Brinker International by 446.4% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 874,765 shares of the restaurant operator’s stock worth $34,422,000 after buying an additional 714,665 shares during the period. Prudential Financial Inc. raised its stake in Brinker International by 93.8% during the 2nd quarter. Prudential Financial Inc. now owns 1,163,988 shares of the restaurant operator’s stock worth $45,803,000 after buying an additional 563,511 shares during the period. Vanguard Group Inc. raised its stake in Brinker International by 6.3% during the 2nd quarter. Vanguard Group Inc. now owns 7,064,022 shares of the restaurant operator’s stock worth $277,970,000 after buying an additional 417,228 shares during the period. Holocene Advisors LP raised its stake in Brinker International by 1,532.8% during the 2nd quarter. Holocene Advisors LP now owns 339,800 shares of the restaurant operator’s stock worth $13,371,000 after buying an additional 318,989 shares during the period. Finally, BlackRock Inc. raised its stake in Brinker International by 5.1% during the 2nd quarter. BlackRock Inc. now owns 5,180,556 shares of the restaurant operator’s stock worth $203,853,000 after buying an additional 251,037 shares during the period.

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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