Brinker International (NYSE:EAT) Price Target Cut to $186.00 by Analysts at Citigroup

Brinker International (NYSE:EAT) had its price objective decreased by Citigroup from $190.00 to $186.00 in a report issued on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the stock. Wolfe Research initiated coverage on shares of Brinker International in a report on Monday, March 9th. They issued an “outperform” rating and a $184.00 price objective for the company. Zacks Research downgraded shares of Brinker International from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Piper Sandler lifted their price objective on shares of Brinker International from $140.00 to $166.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. The Goldman Sachs Group lifted their price objective on shares of Brinker International from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, DA Davidson initiated coverage on shares of Brinker International in a report on Friday, March 6th. They issued a “neutral” rating and a $155.00 price objective for the company. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $185.89.

Brinker International Stock Down 0.9%

EAT stock opened at $153.81 on Monday. Brinker International has a twelve month low of $100.30 and a twelve month high of $187.12. The company has a current ratio of 0.36, a quick ratio of 0.31 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $6.70 billion, a P/E ratio of 15.55, a PEG ratio of 1.09 and a beta of 1.34. The firm has a 50 day simple moving average of $148.92 and a 200-day simple moving average of $142.10.

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

Insider Buying and Selling

In other Brinker International news, Director Ramona Hood sold 400 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $161.32, for a total value of $64,528.00. Following the sale, the director directly owned 9,066 shares in the company, valued at approximately $1,462,527.12. This trade represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michaela M. Ware sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $162.40, for a total value of $812,000.00. Following the completion of the sale, the executive vice president owned 19,923 shares in the company, valued at $3,235,495.20. The trade was a 20.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 97,678 shares of company stock valued at $15,700,372 in the last three months. 1.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brinker International

A number of hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its stake in Brinker International by 155.9% in the fourth quarter. Hsbc Holdings PLC now owns 33,416 shares of the restaurant operator’s stock valued at $4,803,000 after buying an additional 20,356 shares during the last quarter. Invesco Ltd. lifted its stake in Brinker International by 0.9% in the fourth quarter. Invesco Ltd. now owns 564,633 shares of the restaurant operator’s stock valued at $81,036,000 after buying an additional 5,064 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Brinker International by 51.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,880 shares of the restaurant operator’s stock valued at $1,849,000 after buying an additional 4,372 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Brinker International by 111.8% in the fourth quarter. Mackenzie Financial Corp now owns 6,258 shares of the restaurant operator’s stock valued at $892,000 after buying an additional 3,304 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Brinker International by 422.2% in the fourth quarter. Empowered Funds LLC now owns 58,637 shares of the restaurant operator’s stock valued at $8,416,000 after buying an additional 47,409 shares during 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.