Why Brinker International Stock Plummeted by Almost 17% This Week
Brinker International (NYSE: EAT), the operator of popular restaurant chains, wasn't all that popular with investors over the past few days.Its stock price took a tumble of nearly 17% over the course of the week, according to data compiled by S&P Global Market Intelligence, due mostly to a quarterly earnings report the market didn't find very appetizing. Several analyst price target cuts added to the bearishness.For its fiscal third quarter of 2025, Brinker, which owns the Chili's and Maggiano's Little Italy restaurant chains and franchises, booked revenue of just under $1.43 billion. That was a beefy 27% increase year over year, and it also topped the average analyst estimate of $1.37 billion. Continue reading
Brinker International (NYSE: EAT), the operator of popular restaurant chains, wasn't all that popular with investors over the past few days.
Its stock price took a tumble of nearly 17% over the course of the week, according to data compiled by S&P Global Market Intelligence, due mostly to a quarterly earnings report the market didn't find very appetizing. Several analyst price target cuts added to the bearishness.
For its fiscal third quarter of 2025, Brinker, which owns the Chili's and Maggiano's Little Italy restaurant chains and franchises, booked revenue of just under $1.43 billion. That was a beefy 27% increase year over year, and it also topped the average analyst estimate of $1.37 billion.
