Dernières nouvelles pour Brinker International (NYSE:EAT) Stock

Brinker International

Brinker International Inc operates casual dining restaurants under the brand's Chili Grill and Bar (Chili's) and Maggiano's Little Italy (Maggiano's). Chili's falls in the Bar and Grill category of casual dining. Its menu features Fresh Mex and Fresh Tex favorites including signature items such as slow-smoked baby back ribs, craft burgers, fajitas, and bottomless chips and salsa paired with tableside guacamole. Maggiano's is an Italian restaurant brand with a full lunch and dinner menu offering chef-prepared, such as appetizers, chicken, seafood, veal and prime steaks, and desserts. The company generates maximum revenue from Chili's segment.

Brinker International Inc

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EAT & BEYOND GLOBAL HLD by EAT & BEYOND GLOBAL HLDGS INC.

Eat & Beyond Global Holdings Inc

EASTERN ASTERIA INC by Eastern Asteria, Inc.

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AdvisorShares Restaurant ETF

Brinker International's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) short percent of float has fallen 25.26% since its last report. The company recently reported that it has 6.90 million shares sold short, which is 21.87% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.68 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Brinker International Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728585013_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Brinker International has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Brinker International's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Brinker International's peer group average for short interest as a percentage of float is 10.28%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

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Looking Into Brinker International's Recent Short Interest

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5841bdbfaae83900016b3c88/myles-walton">Wolfe Research analyst Myles Walton</a> upgraded L3Harris Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) from Peer Perform to Outperform and announced a $300 price target. L3Harris shares gained 0.4% to close at $242.22 on Wednesday. <a href="https://www.benzinga.com/quote/LHX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods analyst Timothy Switzer upgraded the rating for LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) from Market Perform to Outperform and raised the price target from $11.5 to $15. LendingClub shares gained 3.9% to close at $11.88 on Wednesday. <a href="https://www.benzinga.com/quote/LC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/655796fc7f07f10001c9da96/joseph-civello">Truist Securities analyst Joseph Civello</a> upgraded the rating for NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from Hold to Buy and boosted the price target from $83 to $97. Nike gained 2.1% to settle at $82.45 on Wednesday. <a href="https://www.benzinga.com/quote/NKE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Katherine Griffin upgraded Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) from Underperform to Neutral and increased the price target from $63 to $90. Brinker shares fell 1.8% to close at $82.96 on Wednesday. <a href="https://www.benzinga.com/quote/EAT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Andrew Mok upgraded the rating for CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) from Equal-Weight to Overweight and increased the price target from $63 to $82. CVS Health shares gained 0.1% to close at $65.97 on Wednesday. <a href="https://www.benzinga.com/quote/CVS/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying NKE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="515" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10084641/image-76-1024x515.png" alt="" class="wp-image-589397" style="width:624px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10084641/image-76-1024x515.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10084641/image-76-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10084641/image-76-768x386.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10084641/image-76.png 1312w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Markets

Analyst Ratings

This Nike Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

B of A Securities analyst Katherine Griffin upgrades Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) from Underperform to Neutral and raises the price target from $63 to $90.

Price Target

B of A Securities Upgrades Brinker International to Neutral, Raises Price Target to $90

Citigroup analyst Jon Tower maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Neutral and raises the price target from $69 to $83.

Citigroup Maintains Neutral on Brinker International, Raises Price Target to $83

Argus Research analyst Bill Selesky downgrades Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) from Buy to Hold.

Downgrades

Argus Research Downgrades Brinker International to Hold

WIIM

BROS

BTBD

CAKE

DASH

KRUS

PLAY

SHAK

WING

Shares of restaurant companies are trading higher following the Fed's rate cut, which could boost industry traffic through an increase in consumer discretionary incomes.

<ul>
<li>DJT</li>
<li>WAY</li>
<li>NVDA</li>
<li>MADE</li>
<li>EAT</li>
<li>TSLA</li>
<li>LOT</li>
<li>QQQ</li>
<li>AI</li>
<li>LUNR</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
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LUNR

MADE

NVDA

TSLA

Top 10 Trending Stocks On WallStreetBets As Of September 11, 2024 (Via Swaggy Stocks)

B of A Securities analyst Katherine Griffin maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Underperform and raises the price target from $58 to $63.

B of A Securities Maintains Underperform on Brinker International, Raises Price Target to $63

Brinker International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eat#NYSE">EAT</a>)&nbsp;shares were down over -14% this morning after posting mixed results for its fiscal fourth quarter. Still, Brinker&#39;s stock is sitting on +60% gains this year as the operator of Chili&#39;s Bar &amp; Grill and Maggiano&#39;s Little Italy.
Considering its stellar year-to-date performance, investors may be wondering if the post-earnings dip is a buying opportunity. To that point, Brinker has vastly outperformed the broader indexes and the Zacks Retail-Restaurants Market including two of its top industry peers in El Pollo Loco (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/loco#NASDAQ">LOCO</a>)&nbsp;and Texas Roadhouse (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txrh#NASDAQ">TXRH</a>).
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c7/74374.jpg?v=808599219" />
Image Source: Zacks Investment Research
Brinker&#39;s Q4 Results
Brinker&#39;s Q4 sales came in at $1.2 billion, rising 12% year over year and surpassing estimates of $1.15 billion by 4%. However, Q4 EPS of $1.61 missed expectations of $1.65 per share by -2% despite spiking 15% from the comparative quarter. Brinker had previously exceeded earnings expectations for seven consecutive quarters and has posted an astonishing average EPS surprise of 211.01% in last four quarterly reports.
Increased menu pricing at Chili&#39;s was a key driver to Brinker&#39;s performance with the company stating it continued to outperform the industry in both sales and traffic. Overall, Brinker&#39;s total sales increased 7% in fiscal 2024 to $4.41 billion with EPS soaring 45% to $4.10 compared to $2.83 per share in FY23.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3e/74365.jpg?v=821203399" />
Image Source: Zacks Investment Research
Favorable Guidance&nbsp;
Going into FY25, Brinker expects total sales to be in the range of $4.55-$4.62 billion which came in above the current Zacks Consensus of $4.51 billion or 3% growth. Brinker guided EPS in the range of $4.35-$4.75 with the high end of its target falling in line with estimates of $4.73 per share or 13% growth.
Brinker&#39;s Attractive Valuation
Trading around $60, Brinker&#39;s stock is at a 14.8X forward earnings multiple which is an attractive discount to the S&amp;P 500&quot;s 22.9X. Furthermore, EAT trades well below its Zacks Retail-Restaurants Industry average of 25X forward earnings with Texas Roadhouse at 26.9X and El Pollo Loco at 15.7X.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7e/74366.jpg?v=57111082" />
Image Source: Zacks Investment Research
Takeaway
For now, Brinker&#39;s stock sports a Zacks Rank #1 (Strong Buy). The post-earnings dip may very well be a buying opportunity given Brinker&#39;s attractive valuation and compelling growth. That said, retaining this strong buy rating will likely depend on the trend of earnings estimate revisions in the coming weeks following its Q4 report.
<a href="https://www.zacks.com/stock/news/2322298/time-to-buy-the-selloff-in-brinker-international-s-eat-stock-after-earnings?cid=CS-BENZ-FT-stocks_in_the_news-2322298">To read this article on Zacks.com click here.</a>

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TXRH

Time to Buy the Selloff in Brinker International's Stock After Earnings?

Keybanc analyst Eric Gonzalez upgrades Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) from Sector Weight to Overweight and announces $72 price target.

Keybanc Upgrades Brinker International to Overweight, Announces $72 Price Target

Brinker International shares are trading higher after multiple firms raised their respective price targets on the stock.

Wells Fargo analyst Jon Tower maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Underweight and raises the price target from $45 to $50.

Wells Fargo Maintains Underweight on Brinker International, Raises Price Target to $50

Barclays analyst Jeffrey Bernstein maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Equal-Weight and raises the price target from $53 to $66.

Barclays Maintains Equal-Weight on Brinker International, Raises Price Target to $66

Evercore ISI Group analyst David Palmer maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a In-Line and raises the price target from $65 to $69.

Evercore ISI Group Maintains In-Line on Brinker International, Raises Price Target to $69

BMO Capital analyst Andrew Strelzik maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Outperform and lowers the price target from $85 to $80.

BMO Capital Maintains Outperform on Brinker International, Lowers Price Target to $80

Wedbush analyst Nick Setyan reiterates Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Neutral and maintains $68 price target.

Reiteration

Wedbush Reiterates Neutral on Brinker International, Maintains $68 Price Target

The July consumer inflation report released Wednesday confirmed a continued cooling trend in price increases across the economy, with the headline Consumer Price Index (CPI) coming in at 2.9% year-over-year, slightly below both the <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40365730/july-inflation-rate-falls-more-than-expected-supports-hopes-for-large-fed-rate-cu">previous and expected 3%. </a>
Core inflation, which excludes food and energy, also saw a modest decline from 3.3% to 3.2% year-over-year, aligning with economists&#8217; forecasts.
For investors, this signals that the Federal Reserve may have the green light to cut interest rates in September. However, the odds of a 25 basis point hike are slightly higher than those of a 50 basis point cut.
Wall Street had a mixed response to the data. Major indices initially rose around 10 a.m. E.T. before flattening out by midday trading in New York.
Both S&amp;P 500 and Nasdaq 100 are striving to secure their fifth consecutive sessions in the green.
Financial stocks outperformed among the 11 sectors of the S&amp;P 500. The biggest laggards were communication services, weighed down by a decline in Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), and consumer discretionary, dragged by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Starbucks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NYSE">SBUX</a>).
Long-dated Treasury yields fell by 4 basis points, boosting the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) by 0.6%.
The U.S. dollar index, as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), remained steady, while gold eased by 1%.
Oil prices, tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), declined by 1.1%, marking the second consecutive session of losses.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped 2.4% to $59,100.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,894.49</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,442.32</td>
<td>0.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,967.78</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,081.22</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.1% higher to $542.64.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.4% to $399.25.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) eased 0.1% to $461.91.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) tumbled 0.9% to $206.01.</li>
<li>The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up by 0.8%. The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, down by 0.8%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) surged 7.7% after the company announced it would be acquired by Mars in an all-cash deal valued at $35.9 billion.</li>
<li>Alphabet Inc. fell nearly 3% after reports that the U.S. Department of Justice may break up Google following a recent ruling that it monopolized the online search market.</li>
<li>Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) jumped over 4% after reporting that total client assets reached $9.572 trillion in July, up 16% year-over-year and 2% from June, with core net new assets surging 112% to $29 billion compared to July 2023.</li>
<li>Other financial stocks marking strong gains on Wednesday included The Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), The Progressive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) and Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) up 5%, 4.8% and 3.2%, respectively.</li>
<li>Stocks moving on earnings report were Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>), up 4%, Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>), down 14% and Performance Food Group Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFGC#NYSE">PFGC</a>) up 8%. </li>
<li>Those reporting after the close include Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) and Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>).</li>
</ul>
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This photo was created using artificial intelligence MidJourney.

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$BTC

CSCO

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GOOG

GOOGL

LITE

PFGC

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SCHW

iShares Trust Barclays 20+ Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

Select Sector SPDR-Consumer Discretionary

Wall Street Battles For Fifth Day Of Gains As Inflation Cools, Gives Green Light To Rate Cuts; Financials Outperform: What's Driving Markets Wednesday?

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Wednesday.
Shares of Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected second-quarter sales results and issued weak<a href="https://www.benzinga.com/wiim/24/08/40363603/ouster-shares-are-trading-lower-after-the-company-reported-worse-than-expected-q2-sales-results-and"> third-quarter revenue guidance.</a>
Ouster reported quarterly losses of 53 cents per share, which beat the analyst consensus estimate for a loss of 61 cents per share. Quarterly sales came in at $26.99 million which missed the analyst consensus estimate of $27.03 million.
Ouster shares dipped 16.9% to $9.04 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) shares dipped 15.7% to $59.35 after the company reported worse-than-expected fourth-quarter adjusted EPS results and issued FY25 adjusted EPS guidance below estimates.</li>
<li>Acelyrin, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRN#NASDAQ">SLRN</a>) shares fell 11.3% to $4.22 after the company reported worse-than-expected second-quarter EPS results.</li>
<li>CI&amp;T Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINT#NASDAQ">CINT</a>) fell 10% to $6.00 pre-market trading after gaining over 6% on Tuesday.</li>
<li>iLearningEngines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) shares declined 7.5% to $3.71. iLearningEngines shares jumped 31% on Tuesday after the company reported better-than-expected second-quarter sales results.</li>
<li>CompoSecure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPO#NASDAQ">CMPO</a>) shares fell 5.6% to $10.37 in pre-market trading. CompoSecure, last week, reported better-than-expected second-quarter financial results</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) shares declined 2.9% to $86.99 in pre-market trading.</li>
</ul>
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Movers

AILE

CINT

CMPO

NTES

OUST

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Ouster Reports Weak Sales, Joins Brinker International And Other Big Stocks Moving Lower In Wednesday Pre-Market Session

VSCO: 22% &#x7C; <a href="https://www.benzinga.com//node/40363466">Victorias Secret &amp; Co. shares are trading higher after the company announced a new CEO and reported strong preliminary Q2 financial results.</a>
&nbsp;
EAT: -16% &#x7C; <a href="https://www.benzinga.com//node/40363101">Brinker International shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results and issued FY25 adjusted EPS guidance below estimates.</a>
&nbsp;
DGLY: 120% &#x7C; <a href="https://www.benzinga.com//node/40350892">Digital Ally shares are trading higher after the company was granted a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles.</a>

DGLY

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Market-Moving News for August 14th

Brinker International, Inc.&nbsp; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) shares are trading lower after&nbsp;the company&nbsp;reported fiscal fourth-quarter 2024 results. Total revenue increased 12.3% year-on-year to $1.21 billion, beating the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40361636/brinker-international-reports-fourth-quarter-of-fiscal-2024-results-and-provides-fiscal-2025-guida" rel="noreferrer noopener">analyst consensus estimate of $1.16 billion</a>.
Adjusted EPS of $1.61&nbsp;missed the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.65</a>.
Comparable restaurant sales rose 13.5% for Brinker, 14.8% for Chili&#8217;s, and 2.5% for Maggiano&#8217;s.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38964678/brinker-international-stock-climbs-38-over-past-month-analyst-turns-bullish-despite" rel="noreferrer noopener">Brinker International Stock Climbs 38% Over Past Month, Analyst Turns Bullish Despite Outperformance</a>
The comparable restaurant sales increase at Chili&#8217;s was primarily due to increased menu pricing and higher traffic. The launch of the &#8220;Big Smasher&#8221; burger and the strength of Chili&#8217;s advertising highlighting value drove traffic during the quarter.
The adjusted operating margin expanded 180 basis points to 15.2%, and adjusted operating income for the quarter rose 27.7% to $182.1 million, driven by higher sales. Adjusted EBITDA of $141.8 million rose 23.8% Y/Y.
The company held $64.6 million in cash and equivalents as of June 26, 2024. Net cash provided by operating activities for twelve months totaled $421.9 million.
CEO Kevin Hochman: &#8220;With significantly increased traffic at Chili&#8217;s and many guests trying Chili&#8217;s for the first time, we quickly accelerated investments in labor and the facilities to ensure a great experience.&#8221;
Outlook: Brinker expects fiscal 2025 adjusted EPS of $4.35-$4.75 against the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">analyst estimate of $4.78</a>.
Brinker expects fiscal 2025 revenue of $4.55 billion-$4.62 billion against a consensus estimate of $4.53 billion.
Brinker International stock gained 92% in the last 12 months.
Price Action: EAT traded lower by 15.3% at $59.62 premarket at the last check Wednesday.

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Press Releases

Maggiano's Little Italy® Celebrates Mom with Specialty Menus and Fresh May Features

Brinker International Promotes Jeremy Linker to SVP, Brand Finance

Entertainment

Chili's® Big Smasher BurgerTime Video Game Levels Up Fast-Food Face-Off with the Chance to Win Free Burgers for Life*

Brinker International Appoints Technology Expert Frank Liberio to Board of Directors

Maggiano's Introduces its Next Era of Classic Italian American Dining

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Maggiano's Taps Michelin-Starred Chef to Elevate Menu with Inspiring New Dishes and Flavors

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