Brinker International, Inc. (EAT) – What Are Analysts Thinking About This Stock?

Shares of Brinker International, Inc. (NYSE:EAT) have received an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $248.76.

Several brokerages recently weighed in on EAT. Citigroup dropped their target price on Brinker International from $282.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday. Stephens reaffirmed an “overweight” rating and set a $300.00 price target on shares of Brinker International in a research report on Friday, September 18th. UBS Group lifted their target price on shares of Brinker International from $190.00 to $260.00 and gave the company a “buy” rating in a report on Monday, August 10th. Weiss Ratings upgraded Brinker International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 11th. Finally, KeyCorp lifted their target price on shares of Brinker International from $204.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th.

Brinker International Stock Down 3.4%

Brinker International stock opened at $197.18 on Tuesday. Brinker International has a twelve month low of $100.30 and a twelve month high of $254.99. The business has a fifty day moving average of $215.92 and a two-hundred day moving average of $181.61. The firm has a market cap of $8.23 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.06 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.

Brinker International (NYSE:EAT) last announced its 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). 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 quarter in the prior year, the firm posted $2.30 earnings per share. The business’s revenue for the quarter 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. On average, analysts forecast that Brinker International will post 13.18 earnings per share for the current fiscal year.

Insider Transactions at Brinker International

In related news, EVP Aaron White sold 16,220 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $236.22, for a total transaction of $3,831,488.40. Following the transaction, the executive vice president directly owned 42,756 shares in the company, valued at approximately $10,099,822.32. The trade was a 27.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph DePinto sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $230.39, for a total value of $5,759,750.00. Following the transaction, the director owned 77,812 shares in the company, valued at approximately $17,927,106.68. This represents a 24.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 173,694 shares of company stock valued at $41,568,690. Company insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Brinker International by 2.2% in the 2nd quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock valued at $1,130,552,000 after buying an additional 145,525 shares during the period. State Street Corp lifted its stake in Brinker International by 3.5% in the second quarter. State Street Corp now owns 1,748,760 shares of the restaurant operator’s stock worth $293,786,000 after acquiring an additional 59,120 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Brinker International by 0.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,170,612 shares of the restaurant operator’s stock worth $167,128,000 after purchasing an additional 9,692 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Brinker International by 667.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after acquiring an additional 993,435 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in Brinker International in the second quarter valued at approximately $91,237,000.

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.