Brinker International (NYSE:EAT – Get Free Report) had its price objective upped by research analysts at TD Cowen from $250.00 to $270.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. TD Cowen‘s price target indicates a potential upside of 22.57% from the company’s previous close.
Several other equities research analysts also recently issued reports on the company. KeyCorp decreased their price target on Brinker International from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, October 23rd. DA Davidson reduced their target price on shares of Brinker International from $240.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, September 21st. Bank of America increased their price objective on shares of Brinker International from $224.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Piper Sandler lifted their target price on Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Finally, Jefferies Financial Group upgraded shares of Brinker International from a “hold” rating to a “buy” rating and increased their price target for the company from $230.00 to $255.00 in a research report on Wednesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $248.20.
View Our Latest Analysis on Brinker International
Brinker International Stock Performance
NYSE EAT opened at $220.29 on Thursday. The company has a market cap of $9.20 billion, a P/E ratio of 20.23, a PEG ratio of 0.95 and a beta of 1.25. The company has a fifty day simple moving average of $210.12 and a 200 day simple moving average of $174.06. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 0.95. Brinker International has a 12-month low of $100.30 and a 12-month high of $254.99.
Brinker International (NYSE:EAT – Get Free Report) last posted its earnings results on Wednesday, October 28th. The restaurant operator reported $2.77 EPS for the quarter, topping the consensus estimate of $2.45 by $0.32. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm posted $2.17 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts predict that Brinker International will post 13.20 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director James C. Katzman sold 650 shares of Brinker International stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $220.09, for a total value of $143,058.50. Following the completion of the transaction, the director owned 25,094 shares in the company, valued at $5,522,938.46. This trade represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James M. Butler sold 10,000 shares of Brinker International stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $240.37, for a total transaction of $2,403,700.00. Following the completion of the transaction, the senior vice president owned 9,064 shares of the company’s stock, valued at $2,178,713.68. The trade was a 52.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 173,694 shares of company stock worth $41,568,690 in the last ninety days. 1.18% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Freestone Grove Partners LP purchased a new stake in shares of Brinker International during the second quarter worth $91,237,000. Bank of America Corp DE purchased a new position in shares of Brinker International in the second quarter valued at $39,687,000. Wellington Management Group LLP grew its position 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 valued at $69,463,000 after purchasing an additional 160,939 shares in the last quarter. BlackRock Inc. raised its stake in shares of Brinker International by 2.2% during the 2nd 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 period. Finally, Legal & General Group Plc bought a new stake in shares of Brinker International during the 2nd quarter valued at $17,493,000.
Key Brinker International News
Here are the key news stories impacting Brinker International this week:
- Positive Sentiment: Quarterly earnings and revenue exceeded expectations. Brinker reported adjusted EPS of $2.77, above the roughly $2.45–$2.49 consensus range and up from $2.17 a year earlier. Revenue rose 9.4% year over year to $1.48 billion, topping the $1.46 billion estimate. Brinker International fiscal 2027 first-quarter results
- Positive Sentiment: Chili’s continued to drive comparable-sales growth. The brand posted a 10% increase in same-store sales, its 22nd consecutive quarter of growth. The result follows a 21% increase in the prior-year period and represents 52% cumulative comparable-sales growth over three years, highlighting strong brand momentum despite difficult comparisons. Brinker rallies after Chili’s results
- Positive Sentiment: Management raised its fiscal 2027 earnings outlook. Brinker now expects adjusted EPS of $13.30 to $13.90, slightly above the FactSet estimate of $13.28. The upward revision suggests management expects continued sales strength and operating leverage. Brinker fiscal 2027 adjusted EPS outlook
- Neutral Sentiment: The strong report comes after a substantial stock rally: EAT trades well above its 50-day and 200-day moving averages and near its 12-month high. This reflects positive momentum but also leaves the shares more exposed to profit-taking if future results or guidance disappoint. Brinker advances on strong first-quarter results
About Brinker International
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.
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