Brinker International (NYSE:EAT) Given New $144.00 Price Target at UBS Group

Brinker International (NYSE:EAT) had its price target decreased by UBS Group from $165.00 to $144.00 in a research report released on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the restaurant operator’s stock.

A number of other analysts have also commented on EAT. Citigroup reduced their price objective on shares of Brinker International from $168.00 to $156.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Stifel Nicolaus reduced their price objective on shares of Brinker International from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Friday. Barclays reduced their price objective on shares of Brinker International from $170.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Piper Sandler upped their price objective on shares of Brinker International from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised shares of Brinker International from a “neutral” rating to an “overweight” rating and set a $175.00 price objective for the company in a research note on Tuesday, October 7th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $165.61.

Brinker International Stock Performance

NYSE:EAT opened at $126.55 on Monday. Brinker International has a twelve month low of $95.60 and a twelve month high of $192.21. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average of $140.77 and a 200-day moving average of $153.65. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.02. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm earned $1.61 earnings per share. The business’s quarterly revenue was up 21.0% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Analysts forecast that Brinker International will post 8.3 earnings per share for the current fiscal year.

Insider Transactions at Brinker International

In related news, CEO Kevin Hochman sold 44,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the transaction, the chief executive officer owned 212,867 shares of the company’s stock, valued at approximately $33,594,669.94. This trade represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harriet Edelman sold 8,325 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the transaction, the director directly owned 28,905 shares in the company, valued at approximately $4,538,085. The trade was a 22.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,325 shares of company stock valued at $10,754,785 over the last three months. 1.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brinker International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Concord Wealth Partners bought a new position in Brinker International during the second quarter valued at approximately $25,000. Allworth Financial LP raised its position in Brinker International by 105.8% during the second 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 bought a new position in Brinker International during the third quarter valued at approximately $26,000. AdvisorNet Financial Inc bought a new position in Brinker International during the second quarter valued at approximately $33,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Brinker International during the second quarter valued at approximately $34,000.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.