Brinker International (NYSE:EAT) Stock Gets Price Target Trim from Citigroup

Brinker International (NYSE:EAT) had its price target decreased by stock analysts at Citigroup from $282.00 to $270.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Citigroup’s target price would indicate a potential upside of 36.93% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group raised shares of Brinker International from a “hold” rating to a “buy” rating and upped their target price for the company from $230.00 to $255.00 in a report on Wednesday, October 14th. BMO Capital Markets raised their price target on Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a report on Thursday, August 13th. TD Cowen dropped their price target on Brinker International from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company upped their price objective on Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Raymond James Financial raised Brinker International from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the company from $270.00 to $260.00 in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $248.76.

Brinker International Stock Performance

EAT stock traded down $6.96 on Monday, hitting $197.18. The company’s stock had a trading volume of 1,332,969 shares, compared to its average volume of 1,187,246. The firm has a 50 day moving average of $216.52 and a two-hundred day moving average of $181.23. Brinker International has a 1 year low of $100.30 and a 1 year high of $254.99. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.06 and a beta of 1.25. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 0.95.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Brinker International had a return on equity of 122.35% and a net margin of 8.39%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the company earned $2.30 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Equities analysts predict that Brinker International will post 13.18 EPS for the current fiscal year.

Insider Transactions at Brinker International

In other Brinker International news, EVP Aaron White sold 16,220 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $236.22, for a total value of $3,831,488.40. Following the transaction, the executive vice president directly owned 42,756 shares of the company’s stock, valued at approximately $10,099,822.32. The trade was a 27.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin Hochman sold 40,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $243.15, for a total transaction of $9,726,000.00. Following the transaction, the chief executive officer owned 144,090 shares of the company’s stock, valued at approximately $35,035,483.50. The trade was a 21.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 173,694 shares of company stock worth $41,568,690 over the last quarter. 1.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EAT. Smith Group Asset Management LLC raised its position in Brinker International by 0.5% in the second quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator’s stock worth $3,472,000 after acquiring an additional 104 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of Brinker International by 9.5% during the 2nd quarter. Vontobel Holding Ltd. now owns 2,147 shares of the restaurant operator’s stock worth $361,000 after purchasing an additional 186 shares in the last quarter. Kilter Group LLC purchased a new stake in shares of Brinker International during the 2nd quarter worth $35,000. EverSource Wealth Advisors LLC boosted its position in shares of Brinker International by 12.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,021 shares of the restaurant operator’s stock worth $289,000 after purchasing an additional 217 shares in the last quarter. Finally, Bayforest Capital Ltd grew its stake in shares of Brinker International by 82.3% during the 2nd quarter. Bayforest Capital Ltd now owns 525 shares of the restaurant operator’s stock worth $88,000 after purchasing an additional 237 shares during the period.

About Brinker International

Brinker International, Inc is a casual-dining restaurant company that owns, operates and franchises restaurants in the United States and select international markets. The company is headquartered in Dallas, Texas, and serves customers through company-operated and franchised locations.

Brinker’s principal brands are Chili’s Grill & Bar and Maggiano’s Little Italy. Chili’s offers a broad menu of burgers, steaks, ribs, fajitas, Tex-Mex dishes, salads and beverages in a full-service, casual setting.