Brinker International, Inc. (NYSE:EAT) Stock Has Average Price Target of $243.38 According to Brokerages

Brinker International, Inc. (NYSE:EAT) has been given a consensus recommendation of “Moderate Buy” by the twenty-four analysts that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $249.33.

Several brokerages recently issued reports on EAT. Seaport Research Partners started coverage on Brinker International in a report on Wednesday, September 16th. They issued a “buy” rating and a $230.00 price target on the stock. Piper Sandler lifted their price objective on shares of Brinker International from $166.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. 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 report on Friday. Stephens reissued an “overweight” rating and set a $300.00 target price on shares of Brinker International in a report on Friday, September 18th. Finally, Mizuho upped their price target on shares of Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, August 13th.

Brinker International Price Performance

EAT opened at $203.97 on Tuesday. The company has a 50-day moving average of $216.52 and a 200-day moving average of $180.92. Brinker International has a 1-year low of $100.30 and a 1-year high of $254.99. The company has a market capitalization of $8.52 billion, a P/E ratio of 18.73, a PEG ratio of 1.06 and a beta of 1.25. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45.

Brinker International (NYSE:EAT) last issued its 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). 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 analyst estimates of $1.53 billion. During the same quarter in the previous year, the business posted $2.30 EPS. Brinker International’s revenue 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. Equities analysts expect that Brinker International will post 13.18 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP George Felix sold 14,349 shares of Brinker International stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $237.47, for a total value of $3,407,457.03. Following the transaction, the executive vice president owned 6,293 shares of the company’s stock, valued at approximately $1,494,398.71. This trade represents a 69.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph DePinto sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the completion of the sale, the director owned 77,812 shares of the company’s stock, valued at approximately $17,927,106.68. This trade represents a 24.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 173,694 shares of company stock worth $41,568,690 over the last three months. Company insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Brinker International

A number of institutional investors have recently modified their holdings of EAT. BlackRock Inc. grew its stake in Brinker International by 2.2% in the second quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock valued at $1,130,552,000 after purchasing an additional 145,525 shares in the last quarter. State Street Corp grew its stake in shares of 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 increased its holdings in shares of Brinker International by 0.8% during the 1st 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 during the period. Balyasny Asset Management L.P. increased its stake in Brinker International by 667.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after acquiring an additional 993,435 shares during the period. Finally, Freestone Grove Partners LP acquired a new position in shares of Brinker International in the second quarter valued at $91,237,000.

About Brinker International

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining establishments. Its portfolio is led by Chili’s Grill & Bar, a full-service restaurant brand known for burgers, steaks, fajitas, ribs and other American-style menu items, and Maggiano’s Little Italy, which specializes in Italian-American cuisine and operates both restaurants and catering services.

Brinker also developed It’s Just Wings, a virtual restaurant brand offering chicken wings, fries and related items through delivery and takeout.