Brinker International (NYSE:EAT) Hits New 1-Year High – Here’s Why

Brinker International, Inc. (NYSE:EAT) shares hit a new 52-week high during trading on Monday . The company traded as high as $196.71 and last traded at $195.71, with a volume of 145554 shares changing hands. The stock had previously closed at $186.98.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EAT shares. Morgan Stanley increased their price target on shares of Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Wells Fargo & Company upped their target price on Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Barclays increased their target price on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Weiss Ratings raised Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. Finally, Stephens initiated coverage on Brinker International in a research note on Friday, July 17th. They issued an “overweight” rating and a $220.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Brinker International presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.20.

Brinker International Trading Up 3.5%

The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $8.30 billion, a P/E ratio of 19.01, a PEG ratio of 1.11 and a beta of 1.24. The firm has a 50 day moving average of $161.90 and a 200-day moving average of $154.44.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.05. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the business posted $2.66 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. On average, equities research analysts predict that Brinker International, Inc. will post 10.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Transamerica Financial Advisors LLC lifted its position in Brinker International by 570.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 154 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Brinker International in the 3rd quarter valued at about $25,000. Allworth Financial LP raised its position in shares of Brinker International by 58.5% in the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 83 shares in the last quarter. Salomon & Ludwin LLC raised its position in shares of Brinker International by 45.1% in the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $45,000 after buying an additional 93 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of Brinker International by 33,000.0% during the 2nd quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock worth $56,000 after acquiring an additional 330 shares during the period.

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.