Brinker International (NYSE:EAT) Now Covered by DA Davidson

Equities researchers at DA Davidson started coverage on shares of Brinker International (NYSE:EAT) in a report released on Friday,Benzinga reports. The brokerage set a “neutral” rating on the restaurant operator’s stock.

EAT has been the subject of several other reports. Citigroup lifted their target price on Brinker International from $187.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Wall Street Zen cut Brinker International from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Zacks Research upgraded shares of Brinker International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. BMO Capital Markets lifted their price target on shares of Brinker International from $140.00 to $170.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Brinker International from $177.00 to $187.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Brinker International has a consensus rating of “Moderate Buy” and a consensus price target of $188.56.

Brinker International Trading Up 1.8%

EAT stock opened at $140.39 on Friday. The business has a fifty day moving average price of $155.63 and a 200 day moving average price of $143.44. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.36 and a quick ratio of 0.31. Brinker International has a fifty-two week low of $100.30 and a fifty-two week high of $187.12. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 0.97 and a beta of 1.34.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, January 28th. The restaurant operator reported $2.87 EPS for the quarter, topping the consensus estimate of $2.53 by $0.34. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Brinker International had a return on equity of 134.92% and a net margin of 7.98%.The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.80 earnings per share. Brinker International has set its FY 2026 guidance at 1.045-10.850 EPS. Analysts expect that Brinker International will post 8.3 EPS for the current fiscal year.

Insider Transactions at Brinker International

In other news, CEO Kevin Hochman sold 66,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $160.31, for a total transaction of $10,580,460.00. Following the sale, the chief executive officer owned 129,824 shares of the company’s stock, valued at $20,812,085.44. This trade represents a 33.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO George S. Felix sold 10,431 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $161.00, for a total transaction of $1,679,391.00. Following the sale, the chief marketing officer owned 8,064 shares in the company, valued at $1,298,304. This trade represents a 56.40% 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 97,678 shares of company stock valued at $15,700,372. Insiders own 1.43% of the company’s stock.

Institutional Trading of Brinker International

Institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new stake in Brinker International in the 3rd quarter valued at $25,000. Allworth Financial LP grew its holdings in shares of Brinker International by 105.8% in the 2nd quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 73 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Brinker International in the third quarter valued at about $26,000. Transamerica Financial Advisors LLC boosted its position in Brinker International by 570.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 154 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Brinker International during the second quarter valued at approximately $34,000.

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.