Brinker International (NYSE:EAT) Price Target Raised to $210.00

Brinker International (NYSE:EAT) had its price target lifted by TD Cowen from $170.00 to $210.00 in a report released on Monday,Benzinga reports. TD Cowen currently has a buy rating on the restaurant operator’s stock.

EAT has been the topic of a number of other research reports. KeyCorp boosted their target price on Brinker International from $177.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Zacks Research cut shares of Brinker International from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Stephens initiated coverage on shares of Brinker International in a research note on Friday, July 17th. They issued an “overweight” rating and a $220.00 target price for the company. Morgan Stanley lifted their target price on shares of Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Weiss Ratings raised shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued 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 target price of $191.20.

Brinker International Trading Down 2.9%

NYSE EAT opened at $187.19 on Monday. The firm’s fifty day moving average is $159.94 and its two-hundred day moving average is $153.94. Brinker International has a one year low of $100.30 and a one year high of $196.38. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.35 and a current ratio of 0.40. The firm has a market cap of $8.03 billion, a PE ratio of 18.35, a P/E/G ratio of 1.14 and a beta of 1.24.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.05. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 earnings per share. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. Analysts expect that Brinker International will post 10.74 earnings per share for the current year.

Institutional Trading of Brinker International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Brinker International by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock valued at $691,680,000 after buying an additional 73,346 shares in the last quarter. UBS Group AG grew its holdings in shares of Brinker International by 103.2% in the 4th quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock worth $427,066,000 after acquiring an additional 1,511,266 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Brinker International by 27.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock valued at $176,542,000 after purchasing an additional 301,912 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in Brinker International by 667.5% during the fourth 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 last quarter. Finally, Capital World Investors boosted its position in Brinker International by 96.5% during the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock worth $163,306,000 after purchasing an additional 558,799 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.