Analysts predict that Brinker International, Inc. (NYSE:EAT) will report $837.78 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Brinker International’s earnings, with the highest sales estimate coming in at $845.43 million and the lowest estimate coming in at $833.31 million. Brinker International posted sales of $817.09 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The business is expected to issue its next quarterly earnings results on Tuesday, August 13th.
According to Zacks, analysts expect that Brinker International will report full year sales of $3.22 billion for the current year, with estimates ranging from $3.22 billion to $3.23 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.29 billion, with estimates ranging from $3.27 billion to $3.31 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Brinker International.
Brinker International (NYSE:EAT) last released its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.26 earnings per share (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 firm had revenue of $839.30 million during the quarter, compared to the consensus estimate of $831.16 million. During the same quarter last year, the firm earned $1.08 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis.
NYSE EAT traded down $0.61 during mid-day trading on Monday, reaching $39.54. 800,028 shares of the stock were exchanged, compared to its average volume of 818,075. Brinker International has a one year low of $36.82 and a one year high of $54.14. The company has a market capitalization of $1.51 billion, a PE ratio of 11.30, a P/E/G ratio of 1.25 and a beta of 0.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, June 6th. Brinker International’s dividend payout ratio is currently 43.43%.
In other news, EVP Kelly C. Baltes purchased 800 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $42.05 per share, for a total transaction of $33,640.00. Following the completion of the acquisition, the executive vice president now owns 13,134 shares in the company, valued at $552,284.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.72% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. bought a new stake in Brinker International in the fourth quarter worth about $97,000. Wedge Capital Management L L P NC raised its position in Brinker International by 15.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 9,715 shares of the restaurant operator’s stock worth $427,000 after acquiring an additional 1,270 shares during the period. Rhumbline Advisers raised its position in Brinker International by 58.8% in the fourth quarter. Rhumbline Advisers now owns 126,042 shares of the restaurant operator’s stock worth $5,543,000 after acquiring an additional 46,680 shares during the period. LS Investment Advisors LLC raised its position in Brinker International by 55.3% in the fourth quarter. LS Investment Advisors LLC now owns 3,837 shares of the restaurant operator’s stock worth $169,000 after acquiring an additional 1,366 shares during the period. Finally, Chicago Equity Partners LLC raised its position in Brinker International by 40.2% in the fourth quarter. Chicago Equity Partners LLC now owns 200,945 shares of the restaurant operator’s stock worth $8,838,000 after acquiring an additional 57,605 shares during the period.
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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