Brinker International (NYSE:EAT) Given New $240.00 Price Target at DA Davidson

Brinker International (NYSE:EAT) had its target price reduced by equities research analysts at DA Davidson from $260.00 to $240.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. DA Davidson’s price objective indicates a potential upside of 13.62% from the company’s current price.

EAT has been the topic of several other reports. Citigroup upped their price objective on Brinker International from $227.00 to $282.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. UBS Group lifted their price objective on Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Northcoast Research downgraded shares of Brinker International from a “buy” rating to a “neutral” rating in a research note on Friday, August 14th. Mizuho upped their target price on shares of Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Finally, Bank of America upped their target price on shares of Brinker International from $224.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 14th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Brinker International has a consensus rating of “Moderate Buy” and a consensus target price of $243.30.

Brinker International Price Performance

Shares of Brinker International stock traded down $3.46 during trading on Friday, hitting $211.22. 321,510 shares of the company were exchanged, compared to its average volume of 1,135,572. Brinker International has a fifty-two week low of $100.30 and a fifty-two week high of $254.99. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average price of $213.79 and a 200 day moving average price of $170.44. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 1.11 and a beta of 1.25.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. Brinker International’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, equities analysts expect that Brinker International will post 13.24 earnings per share for the current fiscal year.

Insider Transactions at Brinker International

In related news, Director James Katzman sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $220.09, for a total transaction of $143,058.50. Following the completion of the transaction, the director owned 25,094 shares of the company’s stock, valued at approximately $5,522,938.46. This represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph DePinto sold 25,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the transaction, the director directly owned 77,812 shares in the company, valued at approximately $17,927,106.68. This represents a 24.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 173,694 shares of company stock valued at $41,568,690 in the last quarter. Insiders own 1.43% of the company’s stock.

Institutional Trading of Brinker International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System lifted its position in Brinker International by 16,319.0% during the second quarter. California State Teachers Retirement System now owns 8,471,232 shares of the restaurant operator’s stock valued at $1,423,167,000 after buying an additional 8,419,638 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Brinker International by 667.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after acquiring an additional 993,435 shares during the period. UBS Group AG lifted its holdings in shares of Brinker International by 155.2% during the 3rd quarter. UBS Group AG now owns 1,464,389 shares of the restaurant operator’s stock valued at $185,509,000 after acquiring an additional 890,593 shares in the last quarter. Norges Bank acquired a new stake in shares of Brinker International in the fourth quarter valued at about $83,603,000. Finally, Capital World Investors boosted its holdings in 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 acquiring an additional 558,799 shares during the period.

Brinker International Company Profile

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining restaurants. Its portfolio includes Chili’s Grill & Bar, a full-service restaurant brand known for burgers, fajitas, ribs, steaks, Tex-Mex dishes and a broad beverage menu, and Maggiano’s Little Italy, which specializes in Italian-American cuisine and family-style dining.

Chili’s restaurants serve a wide range of lunch and dinner offerings in a casual, bar-and-grill setting, while Maggiano’s locations offer traditional Italian dishes, including pasta, chicken, seafood and desserts.