Brinker International (EAT) reported quarterly earnings results on Tuesday, Apr-19-2016. The company said it had a profit of $1.00 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.99. The company posted revenue of $824.60 million in the period, compared to analysts expectations of $842.92 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.
Many Wall Street Analysts have commented on Brinker International. Company shares were Reiterated by Maxim Group on Apr 12, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $56 .
Brinker International opened for trading at $47.24 and hit $47.75 on the upside on Monday, eventually ending the session at $47.64, with a gain of 0.85% or 0.4 points. The heightened volatility saw the trading volume jump to 18,90,589 shares. Company has a market cap of $2,721 M.
In a different news, on Feb 10, 2016, George R Jr Mrkonic (director) sold 5,584 shares at $46.98 per share price. According to the SEC, on Feb 10, 2016, Roger F Thomson (EVP, Ch. Dev. Officer) sold 11,460 shares at $46.54 per share price. On Jan 27, 2016, Joseph G Taylor (VP, Corp. Affairs & Inv. Rel.) sold 1,000 shares at $50.12 per share price, according to the Form-4 filing with the securities and exchange commission.
Brinker International Inc. (Brinker) owns develops operates and franchises the Chilis Grill & Bar (Chilis) and Maggianos Little Italy (Maggianos) restaurant brands. At September 24 2014 the Company owned operated or franchised 1622 restaurants in the United States and 29 countries and two territories outside of the United States. Chilis operates in the Bar and Grill category of casual dining. The Company has operations around the world with locations in 32 foreign countries and two United States territories. Maggianos is a full-service casual dining Italian restaurant brand. Its Maggianos restaurants feature individual and family-style menus and its restaurants also have banquet facilities designed to host party business or social events.