DA Davidson Cuts Brinker International (NYSE:EAT) Price Target to $210.00

Brinker International (NYSE:EATFree Report) had its price target reduced by DA Davidson from $240.00 to $210.00 in a research report sent to investors on Monday,Benzinga reports. DA Davidson currently has a neutral rating on the restaurant operator’s stock.

Other equities research analysts have also issued reports about the company. Mizuho lifted their price target on Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Northcoast Research cut shares of Brinker International from a “buy” rating to a “neutral” rating in a report on Friday, August 14th. KeyCorp increased their target price on Brinker International from $204.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Citigroup lifted their target price on Brinker International from $227.00 to $282.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Stephens restated an “overweight” rating and issued a $300.00 price target on shares of Brinker International in a research note on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.38.

Read Our Latest Analysis on EAT

Brinker International Stock Up 1.9%

Shares of NYSE EAT opened at $210.83 on Monday. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.07 and a beta of 1.25. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. The firm’s fifty day moving average is $218.49 and its 200 day moving average is $174.47. Brinker International has a 52 week low of $100.30 and a 52 week high of $254.99.

Brinker International (NYSE:EATGet Free Report) last released its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, equities research analysts expect that Brinker International will post 13.18 earnings per share for the current year.

Insider Activity at Brinker International

In other news, SVP James Butler sold 10,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $240.37, for a total transaction of $2,403,700.00. Following the completion of the sale, the senior vice president owned 9,064 shares of the company’s stock, valued at $2,178,713.68. This represents a 52.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel Fuller sold 1,909 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $253.54, for a total transaction of $484,007.86. Following the sale, the senior vice president directly owned 30,177 shares of the company’s stock, valued at approximately $7,651,076.58. This represents a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 173,694 shares of company stock valued at $41,568,690 in the last 90 days. 1.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Kilter Group LLC bought a new position in Brinker International in the 2nd quarter worth approximately $35,000. Allworth Financial LP raised its position in shares of Brinker International by 49.3% during the fourth quarter. Allworth Financial LP now owns 336 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 111 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Brinker International by 33,000.0% in the second quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock worth $56,000 after buying an additional 330 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Brinker International in the second quarter worth $71,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Brinker International by 881.2% during the second quarter. Parkside Financial Bank & Trust now owns 471 shares of the restaurant operator’s stock worth $79,000 after acquiring an additional 423 shares during the last quarter.

Brinker International News Summary

Here are the key news stories impacting Brinker International this week:

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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