Equities research analysts predict that Brinker International, Inc. (NYSE:EAT) will announce $747.21 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Brinker International’s earnings, with estimates ranging from $745.89 million to $748.53 million. Brinker International posted sales of $758.49 million during the same quarter last year, which suggests a negative year over year growth rate of 1.5%. The company is scheduled to announce its next earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that Brinker International will report full-year sales of $747.21 million for the current fiscal year, with estimates ranging from $3.15 billion to $3.18 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.20 billion per share, with estimates ranging from $3.16 billion to $3.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Brinker International.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.05. Brinker International had a negative return on equity of 31.46% and a net margin of 4.79%. The business had revenue of $810.66 million during the quarter, compared to analysts’ expectations of $809.94 million. During the same quarter in the previous year, the business posted $1.24 EPS. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year.

A number of brokerages recently issued reports on EAT. Piper Jaffray Companies reissued a “hold” rating on shares of Brinker International in a research report on Friday, August 11th. Barclays PLC cut their target price on Brinker International from $47.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 19th. BidaskClub downgraded Brinker International from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Maxim Group reduced their price target on Brinker International from $54.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd. Finally, ValuEngine raised shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $44.46.

In other Brinker International news, Director Michael A. George purchased 16,450 shares of the stock in a transaction on Wednesday, September 6th. The shares were purchased at an average price of $30.31 per share, with a total value of $498,599.50. Following the completion of the transaction, the director now directly owns 49,952 shares in the company, valued at $1,514,045.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.91% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its stake in shares of Brinker International by 3.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 30,562 shares of the restaurant operator’s stock worth $1,342,000 after acquiring an additional 949 shares during the period. Comerica Bank increased its holdings in shares of Brinker International by 40.0% during the 1st quarter. Comerica Bank now owns 41,219 shares of the restaurant operator’s stock worth $1,840,000 after acquiring an additional 11,769 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Brinker International by 14.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 41,808 shares of the restaurant operator’s stock worth $1,838,000 after acquiring an additional 5,350 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Brinker International by 5.0% during the 1st quarter. Ameriprise Financial Inc. now owns 299,472 shares of the restaurant operator’s stock worth $13,165,000 after acquiring an additional 14,285 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Brinker International by 156.1% during the 1st quarter. Stifel Financial Corp now owns 51,916 shares of the restaurant operator’s stock worth $2,279,000 after acquiring an additional 31,645 shares during the last quarter.

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Brinker International (NYSE EAT) opened at 31.50 on Tuesday. Brinker International has a 12 month low of $29.50 and a 12 month high of $55.84. The company’s 50-day moving average is $32.34 and its 200 day moving average is $38.19. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 10.71 and a beta of 0.26.

Brinker International declared that its board has approved a share repurchase program on Thursday, August 10th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the restaurant operator to reacquire up to 14.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 8th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.83%. This is a boost from Brinker International’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, September 7th. Brinker International’s dividend payout ratio is presently 50.84%.

Brinker International Company Profile

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

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