Brinker International (NYSE:EAT – Get Free Report) had its target price lifted by investment analysts at TD Cowen from $170.00 to $210.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. TD Cowen’s price objective would suggest a potential upside of 10.95% from the company’s current price.
Several other research analysts have also weighed in on the company. Wells Fargo & Company lifted their target price on Brinker International from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays raised their price target on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. Citigroup decreased their price objective on Brinker International from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Finally, KeyCorp increased their target price on Brinker International from $177.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Brinker International has an average rating of “Moderate Buy” and a consensus price target of $191.20.
Check Out Our Latest Stock Analysis on EAT
Brinker International Stock Performance
Brinker International (NYSE:EAT – Get Free Report) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, beating the consensus estimate of $2.85 by $0.05. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm earned $2.66 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. As a group, sell-side analysts expect that Brinker International will post 10.75 earnings per share for the current year.
Institutional Investors Weigh In On Brinker International
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EAT. UBS Group AG increased its position in shares of Brinker International by 103.2% in the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock valued at $427,066,000 after acquiring an additional 1,511,266 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Brinker International by 667.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after purchasing an additional 993,435 shares in the last quarter. Norges Bank bought a new position in Brinker International in the fourth quarter valued at approximately $83,603,000. Congress Asset Management Co. acquired a new position in shares of Brinker International during the 4th quarter worth approximately $80,518,000. Finally, Capital World Investors boosted its holdings in shares of Brinker International by 96.5% in the 4th quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after buying an additional 558,799 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.
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