Brinker International (NYSE:EAT) issued its earnings results on Tuesday. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02, MarketWatch Earnings reports. The business had revenue of $753.80 million during the quarter, compared to analyst estimates of $756.40 million. Brinker International had a negative return on equity of 26.82% and a net margin of 4.01%. Brinker International’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share.
Shares of NYSE:EAT traded up $0.32 during trading on Tuesday, reaching $43.94. 81,890 shares of the company traded hands, compared to its average volume of 1,177,763. The firm has a market cap of $1.76 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.28 and a beta of -0.06. Brinker International has a 52-week low of $29.94 and a 52-week high of $54.14.
In related news, EVP Kelli Valade sold 4,905 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $43.37, for a total transaction of $212,729.85. Following the completion of the transaction, the executive vice president now owns 74,068 shares in the company, valued at $3,212,329.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.72% of the company’s stock.
About Brinker International
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.
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