Brinker International (EAT) reported quarterly earnings results on Thursday, Aug-11-2016. The company said it had a profit of $1.24 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 $1.23. The company posted revenue of $881.70 million in the period, compared to analysts expectations of $881.19 million. The company’s revenue was up 15.4% 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 Telsey Advisory Group on Jul 7, 2016 to “Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $52 .Shares were Reiterated by Maxim Group on Jun 7, 2016 to “Buy” and Lowered the Price Target to $ 55 from a previous price target of $58 .Telsey Advisory Group Resumed Brinker International on Jun 6, 2016 to “Outperform”, Price Target of the shares are set at $52.
Brinker International closed down -0.28 points or -0.60% at $46.37 with 16,19,099 shares getting traded on Monday. Post opening the session at $46.11, the shares hit an intraday low of $45.31 and an intraday high of $46.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on May 5, 2016, Joseph G Taylor (VP, Corp. Affairs & Inv. Rel.) sold 2,500 shares at $46.87 per share price. According to the SEC, on Apr 28, 2016, Thomas Jr. Edwards (CFO) purchased 5,500 shares at $45.50 per share price. On Feb 10, 2016, George R Jr Mrkonic (director) sold 5,584 shares at $46.98 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.