Brinker International (NYSE:EAT) Reaches New 52-Week High – Here’s What Happened

Brinker International, Inc. (NYSE:EAT) reached a new 52-week high on Monday . The stock traded as high as $189.40 and last traded at $188.6950, with a volume of 952929 shares changing hands. The stock had previously closed at $185.26.

Analyst Ratings Changes

A number of brokerages recently weighed in on EAT. Zacks Research lowered Brinker International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Morgan Stanley increased their target price on Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen cut their price target on Brinker International from $188.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. KeyCorp upgraded Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 price target on the stock in a report on Thursday, April 2nd. Finally, Citigroup lowered their price objective on Brinker International from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.11.

Brinker International Trading Down 2.4%

The company has a debt-to-equity ratio of 1.05, a current ratio of 0.40 and a quick ratio of 0.35. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.17 and a beta of 1.24. The business’s fifty day moving average price is $154.03 and its 200 day moving average price is $152.14.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.05. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.Brinker International’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $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 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brinker International

A number of hedge funds have recently made changes to their positions in EAT. Transamerica Financial Advisors LLC boosted its holdings in Brinker International by 570.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 154 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Brinker International during the 3rd quarter worth approximately $25,000. Allworth Financial LP raised its holdings in Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 83 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in Brinker International by 45.1% during the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 93 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Brinker International by 33,000.0% in the 2nd quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 330 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.