Brinker International (NYSE:EAT) Stock Rating Upgraded by Seaport Research Partners

Brinker International (NYSE:EATGet Free Report) was upgraded by equities research analysts at Seaport Research Partners to a “strong-buy” rating in a research note issued on Tuesday, Zacks reports.

Several other brokerages have also recently issued reports on EAT. BMO Capital Markets raised their target price on shares of Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a report on Thursday, August 13th. Bank of America increased their price target on Brinker International from $224.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Weiss Ratings raised Brinker International from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, September 11th. Mizuho upped their target price on Brinker International from $175.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Finally, Stephens raised their target price on Brinker International from $220.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $243.30.

Get Our Latest Report on Brinker International

Brinker International Trading Up 3.5%

Shares of NYSE:EAT opened at $210.64 on Tuesday. 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 has a 52-week low of $100.30 and a 52-week high of $254.99. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.07 and a beta of 1.25. The business has a 50-day moving average price of $216.56 and a 200-day moving average price of $172.31.

Brinker International (NYSE:EATGet Free Report) last issued its quarterly earnings results 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). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the company posted $2.30 EPS. Brinker International’s quarterly revenue 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. Equities analysts predict that Brinker International will post 13.01 EPS for the current year.

Insider Buying and Selling at Brinker International

In other news, SVP James Butler sold 10,000 shares of the firm’s 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 sale, the senior vice president directly owned 9,064 shares in the company, valued at $2,178,713.68. This trade represents a 52.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph DePinto sold 25,000 shares of Brinker International stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $230.39, for a total value of $5,759,750.00. Following the completion of the transaction, the director owned 77,812 shares of the company’s stock, valued at approximately $17,927,106.68. This represents a 24.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 173,694 shares of company stock worth $41,568,690. 1.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brinker International

A number of institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its position in shares of Brinker International by 13.1% in the second 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 period. Tidal Investments LLC raised its position in shares of Brinker International by 24.1% during the 2nd quarter. Tidal Investments LLC now owns 8,897 shares of the restaurant operator’s stock worth $1,495,000 after purchasing an additional 1,726 shares during the last quarter. WINTON GROUP Ltd lifted its stake in Brinker International by 318.2% in the 2nd quarter. WINTON GROUP Ltd now owns 28,047 shares of the restaurant operator’s stock valued at $4,712,000 after buying an additional 21,340 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Brinker International in the 2nd quarter valued at about $145,000. Finally, Empirical Finance LLC acquired a new stake in Brinker International in the 2nd quarter worth about $687,000.

Brinker International Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Brinker International (NYSE:EAT)

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