🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Brinker International stock hits all-time high of $104.59

Published 10/30/2024, 09:31 AM
EAT
-

Brinker International (NYSE:EAT) Inc., the parent company of popular restaurant chains such as Chili's and Maggiano's Little Italy, has reached an all-time high of $104.59, marking a significant milestone for the company's stock performance. This peak reflects a robust 186% surge in the stock's value over the past year, underscoring a period of remarkable growth for the Dallas-based hospitality giant. Investors have shown increased confidence in Brinker's business model and growth strategy, which has been reflected in the company's soaring stock price, setting a new benchmark for its financial success.

In other recent news, Brinker International, the parent company of Chili's and Maggiano's restaurant chains, reported a strong first quarter for fiscal 2025. The company's earnings and revenue surpassed analyst expectations, primarily due to robust sales growth at Chili's. Brinker International reported adjusted earnings per share of $0.95, outperforming the analyst estimate of $0.69. The revenue for the quarter was $1.13 billion, exceeding the consensus estimate of $1.1 billion and marking a year-on-year increase of 12.5%.

These recent developments also highlighted a 13.0% overall increase in comparable restaurant sales, with Chili's seeing a 14.1% rise and Maggiano's up 4.2%. The company attributed Chili's strong performance to effective menu pricing, higher traffic, and successful advertising campaigns. For the fiscal year 2025, Brinker International provided earnings per share guidance of $5.20 to $5.50, compared to the analyst consensus of $5.35. However, the company's revenue forecast of $4.7 billion to $4.75 billion was slightly below the $4.77 billion consensus estimate. The company's operating income margin increased to 5.0%, while the restaurant operating margin rose to 13.5% for the quarter.

InvestingPro Insights

Brinker International's recent stock performance aligns with several key metrics and insights from InvestingPro. The company's market capitalization stands at $4.34 billion, reflecting its strong position in the restaurant industry. InvestingPro data shows that Brinker's revenue for the last twelve months as of Q4 2024 was $4.42 billion, with a notable revenue growth of 6.82% over the same period.

The stock's impressive run is further supported by InvestingPro Tips. One tip highlights that Brinker has seen a "Strong return over the last year," which is evident in the 190.45% price total return over the past year. Additionally, the stock is "Trading near 52-week high," with the current price at 98.12% of its 52-week high, corroborating the article's mention of the all-time high.

For investors seeking more comprehensive analysis, InvestingPro offers 13 additional tips for Brinker International, providing a deeper understanding of the company's financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.