Brinker International (NYSE:EAT) Price Target Raised to $277.00

Brinker International (NYSE:EAT) had its price objective boosted by Citigroup from $270.00 to $277.00 in a report published on Thursday,Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

A number of other analysts have also weighed in on the company. Wells Fargo & Company raised their target price on Brinker International from $270.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Research upgraded shares of Brinker International from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Seaport Research Partners started coverage on shares of Brinker International in a research report on Wednesday, September 16th. They set a “buy” rating and a $230.00 price target on the stock. Mizuho increased their price objective on shares of Brinker International from $175.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Finally, Freedom Broker upgraded shares of Brinker International to a “strong-buy” rating in a research report on Friday, September 18th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $249.80.

Brinker International Trading Down 3.5%

EAT stock opened at $212.27 on Thursday. The business has a fifty day moving average price of $209.45 and a 200 day moving average price of $174.58. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.34 and a quick ratio of 0.40. Brinker International has a fifty-two week low of $100.30 and a fifty-two week high of $254.99. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.14 and a beta of 1.25.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.32. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Brinker International had a return on equity of 125.65% and a net margin of 8.44%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.17 earnings per share. Analysts expect that Brinker International will post 13.67 EPS for the current fiscal year.

Insider Activity

In other Brinker International news, EVP Aaron White sold 16,220 shares of the stock in a transaction on Friday, August 14th. The stock was 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 in the company, valued at approximately $10,099,822.32. This trade represents a 27.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP George Felix sold 14,349 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $237.47, for a total value of $3,407,457.03. Following the completion of the transaction, the executive vice president owned 6,293 shares in the company, valued at $1,494,398.71. The trade was a 69.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 213,694 shares of company stock worth $50,383,890. 1.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Brinker International

Several large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Brinker International by 2.2% in the second quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock valued at $1,130,552,000 after acquiring an additional 145,525 shares during the last quarter. State Street Corp increased its position in Brinker International by 3.5% in the second quarter. State Street Corp now owns 1,748,760 shares of the restaurant operator’s stock worth $293,786,000 after purchasing an additional 59,120 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Brinker International by 0.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,170,612 shares of the restaurant operator’s stock worth $167,128,000 after purchasing an additional 9,692 shares during the last quarter. Freestone Grove Partners LP bought a new stake in Brinker International during the 2nd quarter worth about $91,237,000. Finally, Wellington Management Group LLP raised its holdings in Brinker International by 63.7% during the 2nd quarter. Wellington Management Group LLP now owns 413,472 shares of the restaurant operator’s stock worth $69,463,000 after purchasing an additional 160,939 shares during the last quarter.

Brinker International News Summary

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

• Positive Sentiment: Brinker issued fiscal 2027 EPS guidance of $13.30–$13.90, above the $13.26 analyst consensus. The company’s strong first-quarter results, including accelerating Chili’s traffic, also supported investor optimism. Brinker International advances on strong Q1 results and raised outlook
• Positive Sentiment: Analysts broadly raised their views following the results. Wells Fargo lifted its target to $285, Baird to $280, Citigroup to $277, TD Cowen to $270, Morgan Stanley to $262 and KeyCorp to $258; the firms maintained bullish ratings such as “buy,” “overweight” or “outperform.” Wells Fargo analyst recommendations
• Positive Sentiment: Zacks highlighted Brinker as a strong growth stock, reinforcing the investment case based on its growth-oriented metrics. Why Brinker International is a strong growth stock
• Neutral Sentiment: Fiscal 2027 revenue guidance of $6.2 billion–$6.3 billion is broadly in line with expectations, although its midpoint is slightly below the $6.3 billion consensus estimate.
• Negative Sentiment: CEO Kevin Hochman sold 40,000 EAT shares for approximately $8.8 million, reducing his ownership by 27.66%. While the transaction does not necessarily indicate a change in business fundamentals, the sizable insider sale can weigh on sentiment. SEC insider ownership filing

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.