Brinker International (NYSE:EAT) Stock Price Up 5% – Here’s Why

Brinker International, Inc. (NYSE:EAT) shares rose 5% during trading on Monday. The company traded as high as $191.42 and last traded at $191.8360. Approximately 61,719 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 1,180,841 shares. The stock had previously closed at $182.70.

Wall Street Analysts Forecast Growth

EAT has been the topic of a number of research reports. TD Cowen lowered their price target on Brinker International from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. DA Davidson cut their price objective on Brinker International from $240.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, September 21st. Bank of America increased their price objective on Brinker International from $224.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Citigroup decreased their price objective on Brinker International from $282.00 to $270.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Finally, Mizuho boosted their target price on Brinker International from $175.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.45.

Brinker International Stock Up 3.8%

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 company has a 50-day simple moving average of $212.19 and a two-hundred day simple moving average of $182.83. The stock has a market cap of $7.92 billion, a P/E ratio of 17.40, a P/E/G ratio of 0.95 and a beta of 1.25.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the company posted $2.30 EPS. 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, equities analysts forecast that Brinker International, Inc. will post 13.17 EPS for the current year.

Insider Buying and Selling at Brinker International

In other Brinker International news, SVP Daniel Fuller sold 1,909 shares of the stock in a transaction 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 completion of the sale, the senior vice president owned 30,177 shares of the company’s stock, valued at $7,651,076.58. This represents a 5.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michaela Ware sold 3,030 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $233.48, for a total transaction of $707,444.40. Following the completion of the sale, the executive vice president directly owned 17,494 shares in the company, valued at approximately $4,084,499.12. This trade represents a 14.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 173,694 shares of company stock worth $41,568,690 over the last ninety days. 1.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Brinker International

Hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of Brinker International in the third quarter worth about $28,000. Kilter Group LLC purchased a new position in Brinker International during the 2nd quarter valued at about $35,000. CoreCap Advisors LLC raised its position in Brinker International by 33,000.0% during the 2nd quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 330 shares during the last quarter. Global Retirement Partners LLC bought a new position in Brinker International during the 2nd quarter valued at approximately $71,000. Finally, Parkside Financial Bank & Trust raised its position in Brinker International by 881.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 471 shares of the restaurant operator’s stock valued at $79,000 after purchasing an additional 423 shares during 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.