Brinker International, Inc. (NYSE:EAT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Brinker International, Inc. (NYSE:EAT) have earned a consensus rating of “Moderate Buy” from the twenty-four research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $243.38.

A number of equities research analysts have issued reports on the stock. Northcoast Research raised shares of Brinker International from a “neutral” rating to a “buy” rating and set a $275.00 target price on the stock in a report on Tuesday. Robert W. Baird started coverage on shares of Brinker International in a report on Monday, August 24th. They issued an “outperform” rating and a $325.00 price target on the stock. DA Davidson reduced their target price on Brinker International from $240.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday. Mizuho boosted their price target 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. Finally, KeyCorp increased their price objective on Brinker International from $204.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th.

Insider Activity

In other news, EVP George Felix sold 14,349 shares of Brinker International 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 transaction, the executive vice president owned 6,293 shares in the company, valued at approximately $1,494,398.71. The trade was a 69.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Aaron White sold 16,220 shares of Brinker International stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $236.22, for a total value of $3,831,488.40. Following the completion of the transaction, the executive vice president directly owned 42,756 shares in the company, valued at $10,099,822.32. This trade represents a 27.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 173,694 shares of company stock valued at $41,568,690. Company insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Brinker International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in shares of Brinker International by 14.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 64,309 shares of the restaurant operator’s stock worth $10,804,000 after purchasing an additional 8,336 shares during the period. State Street Corp lifted its stake 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 worth $293,786,000 after buying an additional 59,120 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Brinker International by 13.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,550 shares of the restaurant operator’s stock valued at $3,620,000 after purchasing an additional 2,489 shares during the last quarter. Tidal Investments LLC increased its holdings in Brinker International by 24.1% in the 2nd quarter. Tidal Investments LLC now owns 8,897 shares of the restaurant operator’s stock worth $1,495,000 after buying an additional 1,726 shares in the last quarter. Finally, WINTON GROUP Ltd raised its position in Brinker International by 318.2% in the 2nd quarter. WINTON GROUP Ltd now owns 28,047 shares of the restaurant operator’s stock worth $4,712,000 after buying an additional 21,340 shares during the last quarter.

Brinker International Stock Down 1.9%

EAT stock opened at $206.77 on Friday. The stock has a fifty day moving average of $218.91 and a 200-day moving average of $174.98. Brinker International has a fifty-two week low of $100.30 and a fifty-two week high of $254.99. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.07 and a beta of 1.25. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (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 the consensus estimate 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 was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, equities research analysts predict that Brinker International will post 13.18 earnings per share for the current year.

About Brinker International

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.