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

Brinker International (NYSE:EAT) had its price target upped by KeyCorp from $177.00 to $204.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

A number of other brokerages have also commented on EAT. Zacks Research lowered Brinker International from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Morgan Stanley increased their target price on Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barclays raised their target price on shares of Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. TD Cowen decreased their price target on shares of Brinker International from $188.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 16th. Fifteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Brinker International presently has an average rating of “Moderate Buy” and an average price target of $189.20.

Brinker International Price Performance

Shares of Brinker International stock opened at $189.28 on Wednesday. The company has a market capitalization of $8.12 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 1.15 and a beta of 1.24. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. The stock’s 50-day simple moving average is $156.45 and its 200-day simple moving average is $152.85. Brinker International has a 52 week low of $100.30 and a 52 week high of $192.20.

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

Institutional Investors Weigh In On Brinker International

A number of institutional investors and hedge funds have recently modified their holdings of EAT. UBS Group AG boosted its holdings in shares of Brinker International by 103.2% in the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock valued at $427,066,000 after purchasing an additional 1,511,266 shares during the period. Balyasny Asset Management L.P. increased its holdings in Brinker International by 667.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after purchasing an additional 993,435 shares during the period. Norges Bank bought a new stake in Brinker International during the 4th quarter valued at $83,603,000. Congress Asset Management Co. purchased a new stake in shares of Brinker International in the 4th quarter worth $80,518,000. Finally, Capital World Investors lifted its holdings in shares of Brinker International by 96.5% in the 4th quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock worth $163,306,000 after buying an additional 558,799 shares during the period.

Key Stories Impacting Brinker International

Here are the key news stories impacting Brinker International this week:

• Positive Sentiment: Stephens initiated coverage on Brinker International with an overweight rating and a $220 price target, signaling meaningful upside from current levels.
• Positive Sentiment: Wells Fargo also raised its price target on Brinker International to $220 from $200 and kept an overweight rating, reinforcing the bullish analyst outlook. Benzinga report on Wells Fargo price target raise
• Positive Sentiment: KeyCorp lifted its price target to $204, adding to the cluster of positive analyst revisions for EAT.
• Positive Sentiment: Zacks highlighted Brinker as an incredible growth stock and said the company could beat earnings estimates again, which supports investor confidence ahead of the next report. Zacks growth-stock article
• Positive Sentiment: Another Zacks article noted Brinker’s strong earnings surprise history and favorable setup for another quarterly beat, which can be a catalyst for the shares. Zacks earnings beat article
• Neutral Sentiment: Coverage from market commentary on Brinker versus other consumer cyclical names helped keep the stock in focus, but it did not appear to materially change the investment thesis. The Globe and Mail analyst coverage article

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.