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

Brinker International (NYSE:EAT)‘s stock had its “buy” rating reissued by TD Cowen in a research note issued on Friday, Benzinga reports. They presently have a $270.00 price objective on the restaurant operator’s stock. TD Cowen’s price target indicates a potential upside of 30.58% from the stock’s previous close.

Other analysts have also recently issued reports about the company. DA Davidson lowered their price objective on Brinker International from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, September 11th. Seaport Research Partners began coverage on Brinker International in a research report on Wednesday, September 16th. They set a “buy” rating and a $230.00 price objective on the stock. BMO Capital Markets boosted their price objective on Brinker International from $175.00 to $230.00 and gave the company a “market perform” rating in a research report on Thursday, August 13th. Mizuho boosted their price target on Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Finally, UBS Group boosted their price target on Brinker International from $190.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.38.

Brinker International Stock Performance

NYSE EAT traded down $4.03 during trading on Friday, hitting $206.77. The company’s stock had a trading volume of 878,720 shares, compared to its average volume of 1,187,585. 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 $218.49 and a 200 day moving average price of $174.47. The firm has a market cap of $8.63 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25. Brinker International has a 52 week low of $100.30 and a 52 week high of $254.99.

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

Insider Buying and Selling

In other Brinker International news, Director Joseph DePinto sold 25,000 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $230.39, for a total value of $5,759,750.00. Following the transaction, the director owned 77,812 shares of the company’s stock, valued at approximately $17,927,106.68. The trade was a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James Butler sold 10,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $240.37, for a total value of $2,403,700.00. Following the completion of the transaction, the senior vice president directly owned 9,064 shares in the company, valued at approximately $2,178,713.68. This represents a 52.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 173,694 shares of company stock valued at $41,568,690. Insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Brinker International

A number of institutional investors and hedge funds have recently bought and sold shares of EAT. Balyasny Asset Management L.P. boosted its stake in Brinker International by 667.5% in 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 in the last quarter. Norges Bank acquired a new position in Brinker International in the fourth quarter worth $83,603,000. Capital World Investors lifted its stake in shares of Brinker International by 96.5% during the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after acquiring an additional 558,799 shares during the period. Freestone Grove Partners LP acquired a new position in shares of Brinker International during the second quarter valued at $91,237,000. Finally, Bank of America Corp DE acquired a new position in shares of Brinker International during the second quarter valued at $39,687,000.

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.