Brinker International (NYSE:EAT) Receives “Buy” Rating from TD Cowen

Brinker International (NYSE:EAT)‘s stock had its “buy” rating reissued by investment analysts at TD Cowen in a research report issued on Friday, Benzinga reports. They presently have a $270.00 price target on the restaurant operator’s stock. TD Cowen’s price target points to a potential upside of 35.19% from the stock’s current price.

Several other equities analysts have also commented on the company. Morgan Stanley raised their price target on Brinker International from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. BMO Capital Markets increased their target price on shares of Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a report on Thursday, August 13th. Weiss Ratings raised shares of Brinker International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 11th. Piper Sandler upped their price target on shares of Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Finally, KeyCorp increased their price objective on shares of Brinker International from $204.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $243.30.

Brinker International Stock Down 5.2%

Shares of NYSE:EAT opened at $199.72 on Friday. Brinker International has a 52-week low of $100.30 and a 52-week high of $254.99. The stock has a market cap of $8.34 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 1.11 and a beta of 1.25. The business’s 50 day moving average is $216.93 and its 200 day moving average is $172.68. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95.

Brinker International (NYSE:EAT) last issued its 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 net margin of 8.39% and a return on equity of 122.35%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm earned $2.30 earnings per share. The company’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. Sell-side analysts predict that Brinker International will post 13.01 EPS for the current year.

Insiders Place Their Bets

In other Brinker International news, Director Joseph DePinto sold 25,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the completion of the sale, the director directly owned 77,812 shares of the company’s stock, valued at approximately $17,927,106.68. This represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP George Felix sold 14,349 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $237.47, for a total transaction of $3,407,457.03. Following the completion of the sale, the executive vice president owned 6,293 shares in the company, valued at $1,494,398.71. This represents a 69.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 173,694 shares of company stock valued at $41,568,690 in the last three months. 1.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Brinker International

Several institutional investors have recently bought and sold shares of the company. Kilter Group LLC acquired a new position in shares of Brinker International in the 2nd quarter valued at $35,000. Allworth Financial LP raised its stake in Brinker International by 49.3% in the 4th quarter. Allworth Financial LP now owns 336 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 111 shares during the last quarter. CoreCap Advisors LLC lifted its position in Brinker International by 33,000.0% during the 2nd quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock worth $56,000 after acquiring an additional 330 shares during the period. Global Retirement Partners LLC acquired a new stake in Brinker International during the 2nd quarter worth about $71,000. Finally, Parkside Financial Bank & Trust grew its stake in Brinker International by 881.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 471 shares of the restaurant operator’s stock valued at $79,000 after purchasing an additional 423 shares during the last quarter.

About Brinker International

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.