Brinker International (NYSE:EAT) Price Target Raised to $220.00

Brinker International (NYSE:EAT) had its price objective upped by Wells Fargo & Company from $200.00 to $220.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

Other research analysts have also issued reports about the company. Citigroup reduced their target price on Brinker International from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Monday, April 13th. TD Cowen cut their price objective on Brinker International from $188.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Barclays boosted their price objective on Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Zacks Research cut Brinker International from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Weiss Ratings upgraded shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $189.20.

Brinker International Stock Up 2.1%

Shares of NYSE EAT opened at $189.28 on Thursday. The stock has a market cap of $8.12 billion, a PE ratio of 18.56, a PEG ratio of 1.17 and a beta of 1.24. Brinker International has a 52-week low of $100.30 and a 52-week high of $192.20. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.35 and a current ratio of 0.40. The business has a fifty day moving average of $156.45 and a two-hundred day moving average of $152.85.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, topping 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 analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the business earned $2.66 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. As a group, equities research analysts expect that Brinker International will post 10.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brinker International

Several large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Brinker International during the third quarter worth $25,000. Transamerica Financial Advisors LLC lifted its stake 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. Allworth Financial LP grew its position in shares of Brinker International by 58.5% in the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 83 shares during the period. Salomon & Ludwin LLC grew its position in shares of Brinker International by 45.1% in the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $45,000 after acquiring an additional 93 shares during the period. Finally, First Horizon Corp increased its stake in shares of Brinker International by 116.0% during the 4th quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 181 shares during the last quarter.

Key Brinker International News

Here are the key news stories impacting Brinker International this week:

• Positive Sentiment: Stephens initiated coverage on Brinker International with an overweight rating and a $220 price target, signaling meaningful upside from current levels.
• Positive Sentiment: Wells Fargo also raised its price target on Brinker International to $220 from $200 and kept an overweight rating, reinforcing the bullish analyst outlook. Benzinga report on Wells Fargo price target raise
• Positive Sentiment: KeyCorp lifted its price target to $204, adding to the cluster of positive analyst revisions for EAT.
• Positive Sentiment: Zacks highlighted Brinker as an incredible growth stock and said the company could beat earnings estimates again, which supports investor confidence ahead of the next report. Zacks growth-stock article
• Positive Sentiment: Another Zacks article noted Brinker’s strong earnings surprise history and favorable setup for another quarterly beat, which can be a catalyst for the shares. Zacks earnings beat article
• Neutral Sentiment: Coverage from market commentary on Brinker versus other consumer cyclical names helped keep the stock in focus, but it did not appear to materially change the investment thesis. The Globe and Mail analyst coverage article

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.