Brinker Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Brinker International, Inc. EAT is expected to release earnings results for its fourth quarter, before the opening bell on Wednesday, Aug. 14.

Analysts expect the Dallas, Texas-based company to report quarterly earnings at $1.65 per share, up from $1.39 per share in the year-ago period. Brinker is projected to report quarterly revenue of $1.16 billion, compared to $1.08 billion a year earlier, according to data from Benzinga Pro.

On June 11, Brinker International announced the promotion of longtime Brinker team member Jeremy Linker to senior vice president of Brand Finance for the company’s restaurant brands, Chili’s Grill & Bar and Maggiano’s Little Italy.

Brinker shares gained 2.7% to close at $68.44 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Wedbush analyst Nick Setyan maintained a Neutral rating and raised the price target from $56 to $68 on July 30. This analyst has an accuracy rate of 66%.
• Morgan Stanley analyst John Glass maintained an Underweight rating and raised the price target from $42 to $50 on July 16. This analyst has an accuracy rate of 65%.
• Stifel analyst Chris O'Cull maintained a Buy rating and increased the price target from $62 to $90 on June 25. This analyst has an accuracy rate of 73%.
• JP Morgan analyst John Ivankoe maintained an Overweight rating and boosted the price target from $48 to $62 on May 28. This analyst has an accuracy rate of 72%.
• Argus Research analyst Bill Selesky upgraded the stock from Hold to Buy with a price target of $72 on May 21. This analyst has an accuracy rate of 73%.

Considering buying EAT stock? Here’s what analysts think:

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