Brinker International, Inc. (NYSE:EAT – Get Free Report) shares rose 5% during mid-day trading on Monday. The stock traded as high as $191.42 and last traded at $191.8360. Approximately 61,719 shares traded hands during trading, a decline of 95% from the average daily volume of 1,180,841 shares. The stock had previously closed at $182.70.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. TD Cowen decreased their target price on Brinker International from $270.00 to $250.00 and set a “buy” rating for the company in a report on Friday, October 16th. Bank of America lifted their price target on shares of Brinker International from $224.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 14th. Wells Fargo & Company cut their price target on shares of Brinker International from $280.00 to $270.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Robert W. Baird started coverage on shares of Brinker International in a research report on Monday, August 24th. They set an “outperform” rating and a $325.00 price objective on the stock. Finally, Seaport Research Partners initiated coverage on shares of Brinker International in a report on Wednesday, September 16th. They issued a “buy” rating and a $230.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $249.45.
Read Our Latest Analysis on Brinker International
Brinker International Stock Performance
The company has a 50-day simple moving average of $212.19 and a two-hundred day simple moving average of $182.83. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45. The firm has a market capitalization of $7.92 billion, a P/E ratio of 17.40, a PEG ratio of 0.95 and a beta of 1.25.
Brinker International (NYSE:EAT – Get Free Report) last announced its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) 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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the company posted $2.30 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, equities analysts forecast that Brinker International, Inc. will post 13.17 EPS for the current year.
Insider Activity at Brinker International
In other Brinker International news, Director James C. Katzman sold 650 shares of the stock in a transaction on Wednesday, September 9th. The stock was 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 approximately $5,522,938.46. This 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 can be accessed through this link. Also, EVP Michaela M. Ware sold 3,030 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $233.48, for a total value of $707,444.40. Following the completion of the transaction, the executive vice president owned 17,494 shares of the company’s stock, valued at approximately $4,084,499.12. This trade represents a 14.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 173,694 shares of company stock valued at $41,568,690 over the last ninety days. Insiders own 1.18% of the company’s stock.
Institutional Trading of Brinker International
A number of hedge funds have recently modified their holdings of EAT. Fifth Third Wealth Advisors LLC lifted its position in shares of Brinker International by 3.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after acquiring an additional 54 shares in the last quarter. Smith Group Asset Management LLC boosted its stake in shares of Brinker International by 0.5% in the second quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator’s stock worth $3,472,000 after acquiring an additional 104 shares during the period. Root Financial Partners LLC bought a new position in shares of Brinker International in the third quarter worth about $28,000. Signaturefd LLC grew its position in shares of Brinker International by 14.8% during the third quarter. Signaturefd LLC now owns 1,287 shares of the restaurant operator’s stock worth $249,000 after purchasing an additional 166 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of Brinker International by 9.5% during the second quarter. Vontobel Holding Ltd. now owns 2,147 shares of the restaurant operator’s stock worth $361,000 after purchasing an additional 186 shares in 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.
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