Brinker International (NYSE:EAT) Hits New 52-Week High – What’s Next?

Shares of Brinker International, Inc. (NYSE:EAT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $180.97 and last traded at $180.5460, with a volume of 30696 shares. The stock had previously closed at $176.28.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EAT shares. Wolfe Research initiated coverage on shares of Brinker International in a research note on Monday, March 9th. They set an “outperform” rating and a $184.00 price target on the stock. Weiss Ratings upgraded shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 16th. Citigroup reduced their price objective on Brinker International from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Monday, April 13th. KeyCorp upgraded Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 price objective on the stock in a research report on Thursday, April 2nd. Finally, Barclays lifted their target price on Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.11.

Brinker International Stock Performance

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 stock has a market cap of $7.42 billion, a P/E ratio of 17.05, a PEG ratio of 1.10 and a beta of 1.24. The stock has a fifty day simple moving average of $149.16 and a 200-day simple moving average of $150.77.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.Brinker International’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.66 EPS. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. Equities analysts expect that Brinker International, Inc. will post 10.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brinker International

Several large investors have recently bought and sold shares of EAT. Vanguard Group Inc. increased its stake in Brinker International by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock valued at $691,680,000 after purchasing an additional 73,346 shares in the last quarter. UBS Group AG boosted its position in shares of Brinker International by 103.2% during the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock worth $427,066,000 after purchasing an additional 1,511,266 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Brinker International by 27.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock valued at $176,542,000 after buying an additional 301,912 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of Brinker International by 667.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after buying an additional 993,435 shares during the period. Finally, Capital World Investors increased its position in shares of Brinker International by 96.5% in the 4th quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after buying an additional 558,799 shares in the last quarter.

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.