Citigroup Raises Brinker International (NYSE:EAT) Price Target to $227.00

Brinker International (NYSE:EAT) had its price objective hoisted by stock analysts at Citigroup from $189.00 to $227.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price objective suggests a potential upside of 16.39% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley increased their target price on Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings raised Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. Wells Fargo & Company increased their price objective on Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Stephens assumed coverage on shares of Brinker International in a report on Friday, July 17th. They issued an “overweight” rating and a $220.00 target price on the stock. Finally, TD Cowen upped their price target on shares of Brinker International from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brinker International currently has a consensus rating of “Moderate Buy” and an average target price of $193.25.

Brinker International Price Performance

Shares of NYSE:EAT opened at $195.04 on Tuesday. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 1.11 and a beta of 1.24. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.40 and a quick ratio of 0.35. Brinker International has a one year low of $100.30 and a one year high of $197.99. The company’s fifty day moving average price is $163.16 and its 200-day moving average price is $154.72.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, beating the consensus estimate of $2.85 by $0.05. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.66 EPS. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. On average, equities research analysts anticipate that Brinker International will post 10.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EAT. NewEdge Advisors LLC raised its holdings in Brinker International by 1,118.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,158 shares of the restaurant operator’s stock worth $173,000 after purchasing an additional 1,063 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Brinker International by 271.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 846 shares of the restaurant operator’s stock valued at $153,000 after purchasing an additional 618 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Brinker International by 1.9% during the 2nd quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator’s stock valued at $9,422,000 after purchasing an additional 978 shares in the last quarter. Baird Financial Group Inc. purchased a new position in shares of Brinker International during the second quarter valued at about $3,222,000. Finally, Brown Advisory Inc. increased its position in shares of Brinker International by 33.0% during the second quarter. Brown Advisory Inc. now owns 1,789 shares of the restaurant operator’s stock valued at $323,000 after buying an additional 444 shares during the period.

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.