Brinker International (NYSE:EAT) updated its FY 2020 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $4.15-4.35 for the period, compared to the Thomson Reuters consensus 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.
A number of equities research analysts recently commented on the stock. Deutsche Bank assumed coverage on shares of Brinker International in a report on Friday, June 28th. They set a hold rating and a $40.00 price target for the company. JPMorgan Chase & Co. upgraded shares of Brinker International from a neutral rating to an overweight rating and lowered their price target for the company from $44.00 to $43.00 in a report on Monday, July 15th. OTR Global lowered shares of Brinker International to a positive rating in a report on Wednesday, August 7th. ValuEngine upgraded shares of Brinker International from a sell rating to a hold rating in a report on Wednesday, May 22nd. Finally, UBS Group upgraded shares of Brinker International from a sell rating to a neutral rating and set a $39.00 price target for the company in a report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $44.93.
Shares of Brinker International stock opened at $38.64 on Wednesday. The firm’s fifty day moving average is $39.42. The stock has a market cap of $1.49 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.22 and a beta of 0.25. Brinker International has a 12-month low of $36.82 and a 12-month high of $53.61.
About Brinker International
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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