Brinker International (NYSE:EAT) Updates FY 2020 Earnings Guidance
Brinker International (NYSE:EAT) updated its FY 2020 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.15-4.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.01. The company issued revenue guidance of $3.507511-3.53969 billion, compared to the consensus revenue estimate of $3.27 billion.Brinker International also updated its FY20 guidance to $4.15-4.35 EPS.
Several analysts have commented on the stock. OTR Global lowered shares of Brinker International to a positive rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised shares of Brinker International from a neutral rating to an overweight rating and lowered their price objective for the stock from $44.00 to $43.00 in a research report on Monday, July 15th. ValuEngine raised shares of Brinker International from a sell rating to a hold rating in a research report on Wednesday, May 22nd. Zacks Investment Research lowered shares of Brinker International from a buy rating to a hold rating in a research report on Friday, May 3rd. Finally, Telsey Advisory Group raised shares of Brinker International from a market perform rating to an outperform rating and set a $47.00 price objective on the stock in a research report on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $44.93.
EAT opened at $38.64 on Wednesday. The stock has a market capitalization of $1.49 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.22 and a beta of 0.25. The stock has a 50-day simple moving average of $39.42. Brinker International has a twelve month low of $36.82 and a twelve month high of $53.61.
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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