Brinker International (NYSE:EAT) Sets New 12-Month High Following Analyst Upgrade

Shares of Brinker International, Inc. (NYSE:EAT) hit a new 52-week high during trading on Monday after TD Cowen raised their price target on the stock from $170.00 to $210.00. TD Cowen currently has a buy rating on the stock. Brinker International traded as high as $195.00 and last traded at $192.3960, with a volume of 53690 shares trading hands. The stock had previously closed at $189.35.

A number of other equities analysts have also commented on EAT. Barclays boosted their price objective on shares of Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Wells Fargo & Company increased their target price on shares of Brinker International from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday. Zacks Research lowered shares of Brinker International from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. KeyCorp increased their price target on Brinker International from $177.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Citigroup cut their target price on Brinker International from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $191.20.

Institutional Investors Weigh In On Brinker International

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Brinker International by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock valued at $691,680,000 after buying an additional 73,346 shares during the period. UBS Group AG raised its holdings in shares of Brinker International by 103.2% during the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock worth $427,066,000 after acquiring an additional 1,511,266 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Brinker International by 27.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock worth $176,542,000 after acquiring an additional 301,912 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 in the last quarter. Finally, Capital World Investors grew its holdings in 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 purchasing an additional 558,799 shares during the last quarter.

Brinker International Stock Performance

The stock has a market capitalization of $8.26 billion, a P/E ratio of 18.89, a PEG ratio of 1.17 and a beta of 1.24. The firm has a 50-day moving average of $156.45 and a 200 day moving average of $152.91. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.05. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.66 earnings per share. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. Research analysts anticipate that Brinker International, Inc. will post 10.75 EPS for the current fiscal year.

About Brinker International

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full?service restaurants, offering a range of American?style menu items, handcrafted cocktails and family?friendly dining experiences. Through dine?in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited?time offerings and seasonal beverages.