Brinker International (NYSE:EAT) Now Covered by Robert W. Baird

Analysts at Robert W. Baird started coverage on shares of Brinker International (NYSE:EAT) in a note issued to investors on Monday,Benzinga reports. The firm set an “outperform” rating and a $325.00 price target on the restaurant operator’s stock. Robert W. Baird’s price target suggests a potential upside of 32.08% from the stock’s current price.

EAT has been the subject of several other reports. BMO Capital Markets raised their price objective on Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. Wells Fargo & Company upped their price target on shares of Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Stephens increased their target price on Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Mizuho upped 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. Finally, TD Cowen lifted their target price on Brinker International from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Seventeen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $242.19.

Brinker International Stock Performance

Shares of Brinker International stock opened at $246.06 on Monday. The business has a fifty day simple moving average of $195.50 and a 200-day simple moving average of $163.53. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 1.27 and a beta of 1.24. Brinker International has a fifty-two week low of $100.30 and a fifty-two week high of $253.71. 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 issued its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a return on equity of 122.35% and a net margin of 8.39%.Brinker International’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, equities analysts forecast that Brinker International will post 13.24 EPS for the current fiscal year.

Insider Transactions at Brinker International

In related news, SVP Daniel S. Fuller sold 9,960 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $243.43, for a total value of $2,424,562.80. Following the completion of the sale, the senior vice president owned 32,086 shares of the company’s stock, valued at approximately $7,810,694.98. The trade was a 23.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP George S. Felix sold 14,349 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $237.47, for a total transaction of $3,407,457.03. Following the transaction, the executive vice president directly owned 6,293 shares in the company, valued at approximately $1,494,398.71. The trade was a 69.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 133,105 shares of company stock valued at $32,070,729. Corporate insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Brinker International

Several hedge funds have recently bought and sold shares of the business. Allworth Financial LP boosted its stake in Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 83 shares during the last quarter. Rezny Wealth Management Inc. increased its stake in Brinker International by 0.8% in the fourth quarter. Rezny Wealth Management Inc. now owns 11,738 shares of the restaurant operator’s stock valued at $1,685,000 after purchasing an additional 92 shares in the last quarter. New Age Alpha Advisors LLC raised its holdings in Brinker International by 4.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 2,047 shares of the restaurant operator’s stock worth $294,000 after purchasing an additional 94 shares during the period. Smith Group Asset Management LLC raised its holdings in Brinker International by 0.5% in the second quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator’s stock worth $3,472,000 after purchasing an additional 104 shares during the period. Finally, Aviva PLC boosted its position in shares of Brinker International by 2.8% during the fourth quarter. Aviva PLC now owns 4,123 shares of the restaurant operator’s stock worth $592,000 after purchasing an additional 112 shares in the last quarter.

Brinker International Company Profile

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.