DA Davidson Has Lowered Expectations for Brinker International (NYSE:EAT) Stock Price

Brinker International (NYSE:EAT) had its price target decreased by analysts at DA Davidson from $260.00 to $240.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. DA Davidson’s price objective indicates a potential upside of 13.62% from the company’s current price.

A number of other research analysts have also commented on the stock. Stephens lifted their price objective on shares of Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Mizuho increased their target price on shares of Brinker International from $175.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. TD Cowen raised their price target on Brinker International from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Wells Fargo & Company boosted their price target on Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, Morgan Stanley upped their price objective on Brinker International from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $243.30.

Brinker International Stock Performance

EAT traded down $3.46 during trading on Friday, hitting $211.22. 321,510 shares of the stock were exchanged, compared to its average volume of 1,135,572. The firm has a market capitalization of $8.82 billion, a P/E ratio of 19.39, a PEG ratio of 1.11 and a beta of 1.25. Brinker International has a 1-year low of $100.30 and a 1-year high of $254.99. The stock has a fifty day moving average price of $213.79 and a two-hundred day moving average price of $170.44. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. Brinker International’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, sell-side analysts predict that Brinker International will post 13.24 earnings per share for the current year.

Insider Activity at Brinker International

In other Brinker International news, EVP George Felix sold 14,349 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $237.47, for a total value of $3,407,457.03. Following the completion of the transaction, the executive vice president directly owned 6,293 shares of the company’s stock, valued at approximately $1,494,398.71. This trade represents a 69.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP James Butler sold 10,000 shares of Brinker International stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $240.37, for a total transaction of $2,403,700.00. Following the sale, the senior vice president owned 9,064 shares of the company’s stock, valued at approximately $2,178,713.68. The trade was a 52.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 173,694 shares of company stock valued at $41,568,690 in the last ninety days. Company insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Brinker International

Several hedge funds have recently bought and sold shares of EAT. Deutsche Bank AG increased its position in shares of Brinker International by 18.0% in the second quarter. Deutsche Bank AG now owns 63,795 shares of the restaurant operator’s stock valued at $10,718,000 after buying an additional 9,733 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of Brinker International in the 2nd quarter worth about $2,258,000. Bank of America Corp DE boosted its position in shares of Brinker International by 37.7% in the 1st quarter. Bank of America Corp DE now owns 242,648 shares of the restaurant operator’s stock worth $34,643,000 after buying an additional 66,383 shares in the last quarter. Wealth High Governance Capital Ltda acquired a new stake in Brinker International in the 2nd quarter valued at about $3,710,000. Finally, Janus Henderson Group PLC increased its holdings in Brinker International by 55.4% during the 1st quarter. Janus Henderson Group PLC now owns 30,366 shares of the restaurant operator’s stock valued at $4,337,000 after acquiring an additional 10,826 shares in the last quarter.

Brinker International Company Profile

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining restaurants. Its portfolio includes Chili’s Grill & Bar, a full-service restaurant brand known for burgers, fajitas, ribs, steaks, Tex-Mex dishes and a broad beverage menu, and Maggiano’s Little Italy, which specializes in Italian-American cuisine and family-style dining.

Chili’s restaurants serve a wide range of lunch and dinner offerings in a casual, bar-and-grill setting, while Maggiano’s locations offer traditional Italian dishes, including pasta, chicken, seafood and desserts.