Buy the Post-Earnings Surge in Brinker International (EAT) Stock?

Core Insights - Brinker International's stock has increased over 300% in the past year, reaching new 52-week highs of $184 per share after strong fiscal Q2 earnings [1][3]. Financial Performance - Brinker reported Q2 sales of$1.35 billion, a 26% increase from $1.07 billion in the same quarter last year, surpassing sales estimates of$1.24 billion [3]. - Same-restaurant sales at Chili's rose by 31% year-over-year, significantly outperforming the industry [4]. - The company's Q2 earnings per share (EPS) reached $2.80, up from$0.99 in the prior year, exceeding expectations of $1.80 by 55$7.50 and $8.00 per share, which is 52$6.23 [6]. - The company anticipates a further 14% growth in its bottom line for the next year [6]. Earnings Estimate Revisions - There has been a compelling trend of positive earnings estimate revisions for Brinker, with a 58% increase in FY25 EPS projections since January of the previous year [7]. Investment Outlook - Following the strong Q2 report, Brinker International holds a Zacks Rank 1 (Strong Buy), indicating potential for further upside as earnings estimates continue to rise [8].