Brinker International (EAT) Set to Announce Earnings on Tuesday

Brinker International (NYSE:EAT) will release its earnings data before the market opens on Tuesday, August 13th. Analysts expect Brinker International to post earnings of $1.35 per share for the quarter.

Brinker International stock opened at $39.40 on Wednesday. Brinker International has a fifty-two week low of $36.82 and a fifty-two week high of $53.61. The stock has a market cap of $1.53 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.24 and a beta of 0.25. The firm has a 50-day moving average price of $39.25.

Several research firms have recently weighed in on EAT. JPMorgan Chase & Co. raised Brinker International from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $44.00 to $43.00 in a report on Monday, July 15th. Deutsche Bank began coverage on Brinker International in a report on Friday, June 28th. They issued a “hold” rating and a $40.00 target price for the company. Telsey Advisory Group raised Brinker International from a “market perform” rating to an “outperform” rating and set a $47.00 target price for the company in a report on Wednesday, June 12th. UBS Group raised Brinker International from a “sell” rating to a “neutral” rating and set a $39.00 target price for the company in a report on Monday, June 3rd. Finally, KeyCorp started coverage on Brinker International in a report on Tuesday, July 23rd. They issued a “sector weight” rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. Brinker International presently has a consensus rating of “Hold” and an average target price of $44.81.

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 for Brinker International (NYSE:EAT)

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