Brinker International (NYSE:EAT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Brinker International (NYSE:EAT) had its target price increased by stock analysts at JPMorgan Chase & Co. from $155.00 to $160.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 10.90% from the company’s previous close.

Several other analysts have also issued reports on EAT. Evercore ISI upgraded Brinker International from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $190.00 to $210.00 in a research note on Thursday, September 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Brinker International in a research report on Monday. Wells Fargo & Company decreased their price target on Brinker International from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Jefferies Financial Group reduced their price target on shares of Brinker International from $175.00 to $144.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Finally, BMO Capital Markets increased their target price on shares of Brinker International from $150.00 to $170.00 and gave the stock a “market perform” rating in a report on Thursday, August 14th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.72.

Brinker International Stock Up 1.2%

Brinker International stock opened at $144.28 on Thursday. The stock has a market capitalization of $6.41 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. Brinker International has a twelve month low of $100.30 and a twelve month high of $192.21. The company has a 50 day moving average of $127.77 and a 200-day moving average of $149.10. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 1.53.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $0.95 earnings per share. Brinker International’s quarterly revenue was up 18.5% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, equities research analysts anticipate that Brinker International will post 8.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EAT. LPL Financial LLC grew its position in shares of Brinker International by 26.0% during the 1st quarter. LPL Financial LLC now owns 13,311 shares of the restaurant operator’s stock valued at $1,984,000 after acquiring an additional 2,743 shares during the period. Citigroup Inc. raised its holdings in shares of Brinker International by 12.6% in the 1st quarter. Citigroup Inc. now owns 70,080 shares of the restaurant operator’s stock valued at $10,445,000 after acquiring an additional 7,840 shares in the last quarter. National Bank of Canada FI grew its position in Brinker International by 227.3% in the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 175 shares in the last quarter. Townsquare Capital LLC bought a new stake in shares of Brinker International in the 1st quarter worth approximately $254,000. Finally, Invesco Ltd. boosted its holdings in Brinker International by 4.3% during the 1st quarter. Invesco Ltd. now owns 510,993 shares of the restaurant operator’s stock valued at $76,164,000 after acquiring an additional 21,270 shares during the period.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.