TD Cowen Lowers Brinker International (NYSE:EAT) Price Target to $188.00

Brinker International (NYSE:EAT) had its price target lowered by TD Cowen from $192.00 to $188.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. TD Cowen’s target price suggests a potential upside of 24.08% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. UBS Group raised their target price on shares of Brinker International from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings lowered shares of Brinker International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, March 10th. Zacks Research lowered shares of Brinker International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Mizuho lifted their price objective on shares of Brinker International from $155.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Finally, Citigroup lowered their price objective on shares of Brinker International from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Monday. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Brinker International has an average rating of “Moderate Buy” and an average price target of $185.68.

Brinker International Stock Performance

Shares of EAT opened at $151.51 on Wednesday. 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 firm has a market cap of $6.60 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.34. The company’s 50 day simple moving average is $148.55 and its 200-day simple moving average is $142.46. Brinker International has a 12-month low of $100.30 and a 12-month high of $187.12.

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

Insider Transactions at Brinker International

In related news, Director Harriet Edelman sold 8,400 shares of Brinker International stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $159.00, for a total value of $1,335,600.00. Following the transaction, the director directly owned 21,004 shares in the company, valued at $3,339,636. This trade represents a 28.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin Hochman sold 66,000 shares of Brinker International stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $160.31, for a total transaction of $10,580,460.00. Following the completion of the transaction, the chief executive officer owned 129,824 shares in the company, valued at approximately $20,812,085.44. This trade represents a 33.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 97,678 shares of company stock worth $15,700,372 over the last quarter. 1.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brinker International

Institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. boosted its position in shares of Brinker International by 56.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 22,580 shares of the restaurant operator’s stock worth $2,860,000 after purchasing an additional 8,137 shares in the last quarter. Aquatic Capital Management LLC boosted its position in shares of Brinker International by 48.3% during the 3rd quarter. Aquatic Capital Management LLC now owns 101,282 shares of the restaurant operator’s stock worth $12,830,000 after purchasing an additional 32,991 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Brinker International by 87.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 23,023 shares of the restaurant operator’s stock worth $2,917,000 after purchasing an additional 10,754 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of Brinker International by 53.8% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 41,823 shares of the restaurant operator’s stock worth $5,298,000 after purchasing an additional 14,622 shares in the last quarter. Finally, Navellier & Associates Inc. boosted its position in shares of Brinker International by 25.6% during the 3rd quarter. Navellier & Associates Inc. now owns 18,491 shares of the restaurant operator’s stock worth $2,342,000 after purchasing an additional 3,771 shares in the last quarter.

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.