Wells Fargo & Company Raises Brinker International (NYSE:EAT) Price Target to $175.00

Brinker International (NYSE:EAT) had its price objective increased by analysts at Wells Fargo & Company from $160.00 to $175.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 17.78% from the company’s previous close.

A number of other research firms have also issued reports on EAT. UBS Group dropped their price objective on shares of Brinker International from $165.00 to $144.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Evercore ISI raised shares of Brinker International from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $190.00 to $210.00 in a research report on Thursday, September 4th. Mizuho began coverage on shares of Brinker International in a report on Tuesday, October 28th. They issued an “outperform” rating and a $155.00 price target on the stock. Barclays decreased their price target on Brinker International from $145.00 to $135.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Finally, Bank of America upgraded shares of Brinker International from a “neutral” rating to a “buy” rating and boosted their target price for the company from $190.00 to $192.00 in a research note on Monday, October 6th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.17.

Brinker International Trading Up 1.9%

Shares of Brinker International stock traded up $2.77 during trading hours on Wednesday, hitting $148.58. The company’s stock had a trading volume of 346,828 shares, compared to its average volume of 1,500,377. The business has a fifty day moving average of $128.50 and a 200 day moving average of $148.52. Brinker International has a 1-year low of $100.30 and a 1-year high of $192.21. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $6.60 billion, a PE ratio of 15.42, a P/E/G ratio of 0.99 and a beta of 1.35.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.17. Brinker International had a net margin of 7.94% and a return on equity of 164.66%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the business posted $0.95 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, equities analysts forecast that Brinker International will post 8.3 EPS for the current year.

Institutional Investors Weigh In On Brinker International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Alberta Investment Management Corp purchased a new stake in Brinker International in the 2nd quarter worth about $4,112,000. Seeds Investor LLC purchased a new stake in shares of Brinker International in the second quarter worth approximately $414,000. Axiom Investors LLC DE acquired a new stake in shares of Brinker International during the first quarter worth approximately $8,079,000. DAVENPORT & Co LLC grew its position in Brinker International by 117.0% during the second quarter. DAVENPORT & Co LLC now owns 4,272 shares of the restaurant operator’s stock valued at $770,000 after purchasing an additional 2,303 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Brinker International by 86.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,091,692 shares of the restaurant operator’s stock valued at $196,865,000 after buying an additional 506,087 shares during the period.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.