Brinker gains after lifting annual forecast, upbeat results

By Reuters News

** Shares of casual dining chain Brinker International EAT.N rise 5.7% to $207.80 premarket

** Raises FY27 adj. EPS forecast to $13.30-$13.90, from previous forecast of $12.60-$13.40

** Sees FY27 revenue in the range of $6.23 billion-$6.33 billion, up from prior outlook of $6.15 billion-$6.27 billion

** Co posts Q1 revenue and adj. EPS of $1.48 billion and $2.77, respectively, beating analysts' estimates of $1.46 billion and $2.45 — LSEG data

** Upbeat results driven by industry-leading value, effective marketing and continued investments that attract new and returning guests — CEO Kevin Hochman

** 20 of 23 brokerages rate the stock "buy" or higher and 3 "hold"; median PT is $275 — LSEG data

** As of last close, stock up 37.1% YTD

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