Equities research analysts predict that Brinker International, Inc. (NYSE:EAT) will report earnings of $1.19 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Brinker International’s earnings, with estimates ranging from $1.16 to $1.24. Brinker International reported earnings of $1.09 per share during the same quarter last year, which would indicate a positive year over year growth rate of 9.2%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, August 14th.

According to Zacks, analysts expect that Brinker International will report full year earnings of $3.52 per share for the current fiscal year, with EPS estimates ranging from $3.49 to $3.57. For the next financial year, analysts forecast that the company will report earnings of $3.78 per share, with EPS estimates ranging from $3.60 to $4.00. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Brinker International.

A number of equities analysts have recently commented on EAT shares. Royal Bank of Canada upgraded Brinker International from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $41.37 to $49.00 in a report on Friday, April 27th. Canaccord Genuity reiterated a “hold” rating and issued a $43.00 target price on shares of Brinker International in a report on Friday, April 20th. BMO Capital Markets lifted their target price on Brinker International from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Wednesday, May 2nd. Stifel Nicolaus lifted their target price on Brinker International from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded Brinker International from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Tuesday, July 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $45.00.

Shares of Brinker International stock traded down $0.99 on Friday, reaching $44.18. The company had a trading volume of 843,441 shares, compared to its average volume of 881,341. The stock has a market cap of $1.98 billion and a price-to-earnings ratio of 13.81. The company has a debt-to-equity ratio of -2.24, a quick ratio of 0.27 and a current ratio of 0.32. Brinker International has a 1 year low of $29.50 and a 1 year high of $54.14.

In related news, EVP Kelli Valade sold 4,224 shares of the business’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $49.59, for a total transaction of $209,468.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Roy Doyle sold 3,615 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $49.86, for a total value of $180,243.90. The disclosure for this sale can be found here. 1.91% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of EAT. Neuberger Berman Group LLC raised its position in Brinker International by 15.9% during the 1st quarter. Neuberger Berman Group LLC now owns 9,077 shares of the restaurant operator’s stock valued at $328,000 after purchasing an additional 1,243 shares in the last quarter. D.A. Davidson & CO. raised its position in Brinker International by 12.9% during the 1st quarter. D.A. Davidson & CO. now owns 11,759 shares of the restaurant operator’s stock valued at $424,000 after purchasing an additional 1,345 shares in the last quarter. Martingale Asset Management L P raised its position in Brinker International by 1.0% during the 2nd quarter. Martingale Asset Management L P now owns 156,960 shares of the restaurant operator’s stock valued at $7,472,000 after purchasing an additional 1,595 shares in the last quarter. Hancock Holding Co. raised its position in Brinker International by 5.3% during the 1st quarter. Hancock Holding Co. now owns 37,002 shares of the restaurant operator’s stock valued at $1,336,000 after purchasing an additional 1,848 shares in the last quarter. Finally, Foster & Motley Inc. raised its position in Brinker International by 11.9% during the 2nd quarter. Foster & Motley Inc. now owns 20,873 shares of the restaurant operator’s stock valued at $994,000 after purchasing an additional 2,217 shares in the last quarter.

About Brinker International

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name.

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