KeyCorp Raises Brinker International (NYSE:EAT) Price Target to $204.00

Brinker International (NYSE:EAT) had its target price raised by stock analysts at KeyCorp from $177.00 to $204.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price target points to a potential upside of 8.91% from the stock’s current price.

Several other brokerages also recently issued reports on EAT. Weiss Ratings raised shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. Morgan Stanley lifted their price objective on Brinker International from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. TD Cowen reduced their target price on Brinker International from $188.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Zacks Research cut Brinker International from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Barclays raised their price target on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $186.53.

Brinker International Price Performance

Brinker International stock traded up $1.99 during trading hours on Wednesday, hitting $187.31. The stock had a trading volume of 155,849 shares, compared to its average volume of 1,161,907. Brinker International has a 1-year low of $100.30 and a 1-year high of $192.20. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.17 and a beta of 1.24. The stock’s fifty day moving average is $154.03 and its two-hundred day moving average is $152.14. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.40 and a quick ratio of 0.35.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, topping the consensus estimate of $2.85 by $0.05. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.66 EPS. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. As a group, analysts predict that Brinker International will post 10.75 earnings per share for the current fiscal year.

Institutional Trading of Brinker International

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in Brinker International by 29.1% in the third quarter. JPMorgan Chase & Co. now owns 168,467 shares of the restaurant operator’s stock valued at $21,342,000 after acquiring an additional 37,947 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Brinker International by 579.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,959 shares of the restaurant operator’s stock worth $42,620,000 after purchasing an additional 253,285 shares during the period. Aberdeen Group plc raised its holdings in shares of Brinker International by 8.7% in the 4th quarter. Aberdeen Group plc now owns 136,564 shares of the restaurant operator’s stock worth $19,600,000 after purchasing an additional 10,891 shares during the period. Congress Asset Management Co. acquired a new position in shares of Brinker International in the 4th quarter valued at about $80,518,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Brinker International by 155.9% during the 4th quarter. Hsbc Holdings PLC now owns 33,416 shares of the restaurant operator’s stock worth $4,803,000 after purchasing an additional 20,356 shares during the period.

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.