Analysts expect that Brinker International, Inc. (NYSE:EAT) will announce sales of $836.59 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Brinker International’s earnings, with the lowest sales estimate coming in at $833.31 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 indicates a positive year-over-year growth rate of 2.4%. The business is expected to report its next quarterly earnings report on Tuesday, August 13th.
On average, analysts expect that Brinker International will report full year sales of $3.22 billion for the current financial year. For the next year, analysts expect that the business will report sales of $3.34 billion, with estimates ranging from $3.27 billion to $3.54 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Brinker International.
Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $831.16 million. During the same quarter last year, the company posted $1.08 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year.
In other news, EVP Kelly C. Baltes bought 800 shares of the stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $42.05 per share, with a total value of $33,640.00. Following the completion of the acquisition, the executive vice president now directly owns 13,134 shares in the company, valued at $552,284.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.72% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in EAT. Quantitative Systematic Strategies LLC acquired a new stake in shares of Brinker International in the 2nd quarter valued at $252,000. Arizona State Retirement System raised its position in shares of Brinker International by 1.1% during the second quarter. Arizona State Retirement System now owns 27,217 shares of the restaurant operator’s stock worth $1,071,000 after acquiring an additional 290 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Brinker International by 2.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 504,946 shares of the restaurant operator’s stock worth $22,409,000 after purchasing an additional 10,023 shares in the last quarter. Weiss Asset Management LP bought a new stake in Brinker International in the first quarter worth approximately $258,000. Finally, Teza Capital Management LLC bought a new stake in Brinker International in the first quarter worth approximately $329,000.
Shares of EAT traded up $0.77 during midday trading on Wednesday, reaching $39.41. The stock had a trading volume of 151,452 shares, compared to its average volume of 832,534. Brinker International has a 1-year low of $36.82 and a 1-year high of $53.61. The business has a fifty day moving average price of $39.06. The firm has a market capitalization of $1.45 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 1.23 and a beta of 0.28.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, June 7th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Thursday, June 6th. Brinker International’s payout ratio is 43.43%.
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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