Brokerages Set Brinker International, Inc. (NYSE:EAT) Target Price at $238.05

Brinker International, Inc. (NYSE:EAT) has been given a consensus rating of “Moderate Buy” by the twenty-four ratings firms that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $242.1905.

EAT has been the topic of several research reports. Stephens raised their price objective on Brinker International from $220.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Morgan Stanley boosted their target price on Brinker International from $207.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Weiss Ratings upgraded shares of Brinker International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Mizuho increased their target price on Brinker International from $175.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Finally, Piper Sandler raised their price target on Brinker International from $166.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, August 17th.

Brinker International Price Performance

EAT stock opened at $230.51 on Monday. Brinker International has a 1 year low of $100.30 and a 1 year high of $254.99. The firm has a market capitalization of $9.63 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.19 and a beta of 1.23. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.45 and a quick ratio of 0.40. The business’s 50-day moving average is $203.67 and its two-hundred day moving average is $166.21.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Analysts anticipate that Brinker International will post 13.22 earnings per share for the current fiscal year.

Insider Transactions at Brinker International

In other Brinker International news, SVP James M. Butler sold 10,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $240.37, for a total value of $2,403,700.00. Following the completion of the sale, the senior vice president owned 9,064 shares of the company’s stock, valued at approximately $2,178,713.68. This trade represents a 52.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daniel S. Fuller sold 9,960 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $243.43, for a total transaction of $2,424,562.80. Following the sale, the senior vice president owned 32,086 shares in the company, valued at $7,810,694.98. The trade was a 23.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 145,014 shares of company stock valued at $34,958,437 in the last three months. Insiders own 1.43% of the company’s stock.

Institutional Trading of Brinker International

Institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its position in shares of Brinker International by 16,319.0% during the 2nd quarter. California State Teachers Retirement System now owns 8,471,232 shares of the restaurant operator’s stock valued at $1,423,167,000 after acquiring an additional 8,419,638 shares during the period. BlackRock Inc. grew its holdings in shares of Brinker International by 2.2% in the 2nd quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock worth $1,130,552,000 after acquiring an additional 145,525 shares during the period. Vanguard Group Inc. increased its stake in Brinker International by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock valued at $691,680,000 after purchasing an additional 73,346 shares in the last quarter. UBS Group AG raised its holdings in Brinker International by 103.2% during the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock worth $427,066,000 after purchasing an additional 1,511,266 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Brinker International by 27.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock worth $176,542,000 after purchasing an additional 301,912 shares during the last quarter.

About Brinker International

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.