Brinker International (NYSE:EAT) Stock Gets Price Target Cut from KeyCorp

Brinker International (NYSE:EAT) had its price target cut by KeyCorp from $275.00 to $250.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the restaurant operator’s stock.

EAT has been the subject of several other research reports. Wells Fargo & Company dropped their price target on shares of Brinker International from $280.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Bank of America increased their price objective on Brinker International from $224.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 14th. UBS Group lifted their target price on Brinker International from $190.00 to $260.00 and gave the company a “buy” rating in a report on Monday, August 10th. Zacks Research upgraded Brinker International from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Finally, Citigroup lowered their target price on Brinker International from $282.00 to $270.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.45.

Brinker International Trading Down 0.1%

NYSE EAT opened at $182.46 on Friday. The firm has a 50 day simple moving average of $212.19 and a 200-day simple moving average of $182.83. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45. Brinker International has a one year low of $100.30 and a one year high of $254.99. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 0.95 and a beta of 1.25.

Brinker International (NYSE:EAT) last announced its quarterly earnings data 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). The business had revenue of $1.54 billion during 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%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Equities research analysts anticipate that Brinker International will post 13.17 EPS for the current fiscal year.

Insider Transactions at Brinker International

In related news, Director James Katzman sold 650 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $220.09, for a total value of $143,058.50. Following the completion of the sale, the director directly owned 25,094 shares of the company’s stock, valued at $5,522,938.46. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James Butler sold 10,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $240.37, for a total transaction of $2,403,700.00. Following the completion of the transaction, the senior vice president owned 9,064 shares of the company’s stock, valued at $2,178,713.68. This represents a 52.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 173,694 shares of company stock valued at $41,568,690 over the last quarter. 1.18% of the stock is owned by corporate insiders.

Institutional Trading of Brinker International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Brinker International in the 3rd quarter valued at about $28,000. Kilter Group LLC purchased a new position in Brinker International during the 2nd quarter worth approximately $35,000. CoreCap Advisors LLC grew its stake 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 buying an additional 330 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Brinker International during the 2nd quarter worth approximately $71,000. Finally, Parkside Financial Bank & Trust increased its position in Brinker International by 881.2% during the second quarter. Parkside Financial Bank & Trust now owns 471 shares of the restaurant operator’s stock worth $79,000 after buying an additional 423 shares during the period.

Brinker International Company Profile

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.