Brinker International Today | --- | --- | |---------------------------|-------| | | | | | | | EAT Brinker International | | | $71.20 | | | +0.07 (+0.10%) | | | 52-Week Range $28.23 | | | ▼ | | | $76.02 | | | P/E Ratio 21.13 | | | Price Target $61.85 | | | Add to Watchlist | | Casual dining restaurant operator Brinker International Inc. NYSE: EAT missed its Q2 2024 EPS estimates and provided mixed forward guidance. As expected, this news caused shares to gap down over 10% the following morning. However, inve ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 26, 2024 Commission File Number 1-10275 BRINKER INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | |----------------------------------------------------------------------------|-----------------------------------------------------------------------------|-------------- ...

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Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. 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 potent ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: The First of Long Island Corporation (FLIC) : This holding company for The First National Bank of Long Island has seen the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days. First Financial Bancorp. (FFBC) : This bank holding company for First Financial Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 6.6% over the last 60 days. SharkNinja, Inc. (SN) : This p ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, August 16th: Norwegian Cruise Line Holdings Ltd. (NCLH) : This cruise company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.1% over the last 60 days. Norwegian Cruise Line has a PEG ratio of 0.20 compared with 1.77 for the industry. The company possesses a Growth Score of A. Brinker International, Inc. (EAT) : This franchisor of casual d ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 16th: Brinker International, Inc. (EAT) : This franchisor of casual dining restaurants carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days. Brinker has a price-to-earnings ratio (P/E) of 13.28, compared with 41.90 for the industry. The company possesses a Value Score of A. Alpine Income Property Trust, Inc. (PINE) ...

An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili's same-store sales climb nearly 15% in its latest quarter. But Kevin Hochman, CEO of parent company Brinker International, told CNBC that the chain's strong performance is just a sign that customers are finally catching onto the chain's two-year turnaround. Shares of Brinker have climbed 53% this year, bringing its market value up to $2.93 billion. However, the stock closed 10.7% lower Wednesday after the company disappointe ...

The annual inflation rate in the United States slowed for a fourth successive month to 2.9% in July 2024, the lowest since March 2021, compared to 3% in June and below forecasts of 3%. Inflation eased for shelter (5.1% vs 5.2%), transportation (8.8% vs 9.4%) and apparel (0.2 vs 0.8%). Also, prices continued to decline for new vehicles (-1% vs -0.9%) and used cars and trucks (-10.9% vs -10.1%) and food inflation steadied at 2.2%. Despite this cooling, below we highlight a few sector ETFs and stocks that may ...

Core Insights - The full-service dining and fast-casual restaurant sectors have shown resilience since 2020, despite initial setbacks due to the pandemic and ongoing inflationary pressures [3][4] - Publicly traded restaurant stocks have generally increased, with the Dow Jones US Restaurants & Bars Index up 34% over the past five years, indicating a mixed recovery in the industry [3] - Fast-casual chains like Chipotle and Cava are performing well, while dine-in focused companies face more challenges, exemplified by Darden's struggles and Red Lobster's bankruptcy [3][4] Company Performance - Brinker International, primarily through Chili's, has seen its stock double in value over the past year but recently experienced a 16% drop after missing earnings expectations [3][6] - Despite a slight sales beat of $40 million, Brinker reported a non-GAAP EPS of $1.61, which was $0.11 below estimates, reflecting high market expectations due to its recent stock performance [3][6] - Chili's reported 13.5% comparable restaurant sales growth, with a 5.9% increase in traffic, attributed to successful marketing strategies like the "Bid Smasher" burger [6][8] Market Dynamics - The restaurant market is sensitive to economic changes, with full-service dining often viewed as a luxury, leading to potential declines in consumer spending as economic pressures mount [4][8] - The competitive landscape is shifting, with many independent restaurants closing, which may provide a temporary advantage to chains like Chili's, although this growth may not be sustainable [6][8] - The overall macroeconomic outlook for the restaurant industry is turning negative, with expectations of declining consumer demand and persistent operating costs [8][9] Valuation and Outlook - Brinker International's current TTM P/E ratio is 18X, which is relatively reasonable compared to peers, but the stock may be conditionally overvalued if a consumer-driven recession occurs [8][9] - The stock's 20% short interest indicates significant market skepticism regarding its recent performance and future prospects [9] - Overall, the company is viewed as slightly bearish, with concerns that its stock price has risen too quickly relative to its fundamental improvements [9]