Brinker International, Inc. (NYSE:EAT) – Research analysts at Piper Sandler upped their Q1 2021 earnings per share (EPS) estimates for Brinker International in a note issued to investors on Sunday, September 13th. Piper Sandler analyst N. Regan now expects that the restaurant operator will earn ($0.07) per share for the quarter, up from their prior estimate of ($0.09). Piper Sandler currently has a “Overweight” rating and a $50.00 price target on the stock. Piper Sandler also issued estimates for Brinker International’s Q2 2021 earnings at $0.39 EPS, Q3 2021 earnings at $0.80 EPS, FY2021 earnings at $2.05 EPS, Q1 2022 earnings at $0.43 EPS, Q2 2022 earnings at $0.77 EPS, Q3 2022 earnings at $1.05 EPS and FY2022 earnings at $3.24 EPS.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported ($0.88) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.47) by $0.59. Brinker International had a net margin of 0.80% and a negative return on equity of 12.07%.

Several other research analysts also recently weighed in on EAT. MKM Partners upped their target price on shares of Brinker International from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Gordon Haskett raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Thursday, August 13th. JPMorgan Chase & Co. upped their target price on shares of Brinker International from $19.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Stifel Nicolaus upped their target price on shares of Brinker International from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, September 8th. Finally, Bank of America raised shares of Brinker International from an “underperform” rating to a “neutral” rating and set a $40.00 price objective on the stock in a research report on Monday, August 17th. Twelve investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $42.26.

Shares of EAT stock opened at $46.21 on Wednesday. Brinker International has a 1 year low of $7.00 and a 1 year high of $49.61. The firm has a fifty day moving average price of $37.18 and a 200-day moving average price of $25.60. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 63.30, a PEG ratio of 1.91 and a beta of 2.54.

In related news, CEO Wyman Roberts sold 12,879 shares of Brinker International stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $36.96, for a total transaction of $476,007.84. Following the completion of the transaction, the chief executive officer now directly owns 172,964 shares in the company, valued at $6,392,749.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Michaela M. Ware sold 2,494 shares of Brinker International stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $36.83, for a total value of $91,854.02. Following the transaction, the vice president now owns 12,478 shares of the company’s stock, valued at $459,564.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,766 shares of company stock worth $3,765,469. Insiders own 3.51% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in Brinker International by 24.7% during the first quarter. PNC Financial Services Group Inc. now owns 4,449 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 881 shares in the last quarter. US Bancorp DE grew its holdings in Brinker International by 328.1% in the second quarter. US Bancorp DE now owns 2,312 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 1,772 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in Brinker International by 111.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 7,797 shares of the restaurant operator’s stock valued at $94,000 after purchasing an additional 4,115 shares during the period. New Mexico Educational Retirement Board grew its holdings in Brinker International by 36.9% in the first quarter. New Mexico Educational Retirement Board now owns 8,900 shares of the restaurant operator’s stock valued at $107,000 after purchasing an additional 2,400 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new stake in Brinker International in the first quarter valued at approximately $113,000. Institutional investors own 97.19% of the company’s stock.

Brinker International Company Profile

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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