Brinker International (NYSE:EAT) Sets New 1-Year High After Analyst Upgrade

Brinker International, Inc. (NYSE:EAT) reached 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 changing hands. The stock had previously closed at $189.35.

Several other research firms have also commented on EAT. Wells Fargo & Company increased their price objective on shares of Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Stephens initiated coverage on shares of Brinker International in a research report on Friday, July 17th. They set an “overweight” rating and a $220.00 target price on the stock. Citigroup lowered their price target on shares of Brinker International from $190.00 to $186.00 and set a “buy” rating for the company in a report on Monday, April 13th. Barclays lifted their price target on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley boosted their price objective on Brinker International from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Brinker International has an average rating of “Moderate Buy” and an average target price of $191.20.

Institutional Investors Weigh In On Brinker International

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position 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 during the period. EverSource Wealth Advisors LLC grew its stake in shares of Brinker International by 271.1% during the second quarter. EverSource Wealth Advisors LLC now owns 846 shares of the restaurant operator’s stock valued at $153,000 after buying an additional 618 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Brinker International by 1.9% during the second quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator’s stock valued at $9,422,000 after buying an additional 978 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in shares of Brinker International in the second quarter worth approximately $3,222,000. Finally, Brown Advisory Inc. raised its holdings in shares of Brinker International by 33.0% in the second quarter. Brown Advisory Inc. now owns 1,789 shares of the restaurant operator’s stock worth $323,000 after buying an additional 444 shares during the period.

Brinker International Price Performance

The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $8.27 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.15 and a beta of 1.24. The stock has a 50 day moving average of $158.72 and a 200-day moving average of $153.63.

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. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $2.66 EPS. Brinker International’s quarterly revenue was up 3.2% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. On average, equities research analysts anticipate that Brinker International, Inc. will post 10.74 earnings per share for the current fiscal year.

Brinker International Company Profile

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.