Brinker International (NYSE:EAT) Stock Price Target Lowered at KeyCorp

Brinker International (NYSE:EAT) had its target price dropped by analysts at KeyCorp from $275.00 to $250.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. KeyCorp‘s price objective would indicate a potential upside of 31.63% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Morgan Stanley raised their price target on Brinker International from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. Zacks Research raised Brinker International from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Seaport Research Partners began coverage on Brinker International in a report on Wednesday, September 16th. They issued a “buy” rating and a $230.00 price objective on the stock. Citigroup cut their price objective on shares of Brinker International from $282.00 to $270.00 and set a “buy” rating on the stock in a research report on Monday. Finally, TD Cowen reduced their target price on shares of Brinker International from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $247.10.

Brinker International Price Performance

Shares of NYSE:EAT opened at $189.93 on Friday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 0.97 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 company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $213.28 and a 200 day simple moving average of $182.60.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the firm earned $2.30 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. 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 13.17 earnings per share for the current fiscal year.

Insider Activity

In other Brinker International news, EVP George S. Felix sold 14,349 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $237.47, for a total value of $3,407,457.03. Following the completion of the sale, the executive vice president owned 6,293 shares of the company’s stock, valued at $1,494,398.71. The trade was a 69.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James M. Butler sold 10,000 shares of the company’s stock in a transaction dated 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 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 173,694 shares of company stock valued at $41,568,690. Corporate insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Brinker International

A number of large investors have recently added to or reduced their stakes in EAT. BlackRock Inc. grew its holdings in Brinker International by 2.2% during the second quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock valued at $1,130,552,000 after purchasing an additional 145,525 shares during the last quarter. State Street Corp raised its position in shares of Brinker International by 3.5% in the second quarter. State Street Corp now owns 1,748,760 shares of the restaurant operator’s stock valued at $293,786,000 after purchasing an additional 59,120 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Brinker International by 0.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,170,612 shares of the restaurant operator’s stock worth $167,128,000 after buying an additional 9,692 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in shares of Brinker International in the second quarter worth $91,237,000. Finally, Wellington Management Group LLP lifted its stake in shares of Brinker International by 63.7% in the second quarter. Wellington Management Group LLP now owns 413,472 shares of the restaurant operator’s stock worth $69,463,000 after buying an additional 160,939 shares during the last quarter.

Brinker International Company Profile

Brinker International, Inc is a casual-dining restaurant company that owns, operates and franchises restaurants in the United States and select international markets. The company is headquartered in Dallas, Texas, and serves customers through company-operated and franchised locations.

Brinker’s principal brands are Chili’s Grill & Bar and Maggiano’s Little Italy. Chili’s offers a broad menu of burgers, steaks, ribs, fajitas, Tex-Mex dishes, salads and beverages in a full-service, casual setting.