The U.S. restaurant industry put up an impressive show in 2023 despite inflationary pressures that saw the Federal Reserve adopt an aggressive interest rate hike policy. However, consumers continued to spend lavishly at restaurants.The retail sector saw sales decline during this period, but the restaurant business continued to grow, and the trend has remained in 2024.Restaurant sales jumped again in January. The Commerce Department said that sales at U.S. bars and restaurants (adjusted for seasonal variatio ...

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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics an ...

Shares of Brinker International (EAT) have been strong performers lately, with the stock up 19.9% over the past month. The stock hit a new 52-week high of $46.12 in the previous session. Brinker International has gained 6.1% since the start of the year compared to the 6.2% move for the Zacks Retail-Wholesale sector and the 1.4% return for the Zacks Retail - Restaurants industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earni ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks S ...

Key PointsBrinker International is growing and optimizing its profits, guiding higher and ready to rally. Analysts are raising their targets and see this market setting a new multi-year high soon. The dividend isn't back yet but balance sheet improvements suggest it could be reinstated in F2025. 5 stocks we like better than Darden RestaurantsBrinker International Inc.'s NYSE: EAT share price is gaining traction after years of wallowing within a trading range. The move sparked by the FQ2/CQ4 earnings report ...

Brinker International, Inc. (EAT) reported second-quarter fiscal 2024 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top and the bottom line increased on a year-over-year basis. During the quarter, the company registered benefits from effective marketing and pricing strategies. It also reported sequential improvements in guest traffic, surpassing industry benchmarks.Following the results, the company’s shares moved up 5.2% during trading hours on Jan 31.Earnin ...

Brinker International, Inc. (NYSE:EAT) Q2 2024 Results Conference Call January 31, 2024 10:00 AM ET Company Participants Mika Ware - Vice President, Finance and Investor Relations Kevin Hochman - Chief Executive Officer and President Joe Taylor - Chief Financial Officer Conference Call Participants Jeff Farmer - Gordon Haskett Brian Vaccaro - Raymond James Chris O'Cull - Stifel John Ivankoe - JPMorgan David Palmer - Evercore ISI Andrew Strelzik - BMO Brian Mullan - Piper Sandler Alex Slagle - Jefferies Jeff ...

Brinker International (EAT) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.32%. A quarter ago, it was expected that this operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy would post earnings of $0.03 per share when it actually produced earnings of $0.28, ...