Brinker International, Inc. (NYSE:EAT) Stock Has Average Price Target of $243.38 According to Analysts

Shares of Brinker International, Inc. (NYSE:EAT) have earned an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $247.19.

A number of research analysts recently issued reports on the stock. TD Cowen reissued a “buy” rating and issued a $270.00 price objective on shares of Brinker International in a research note on Friday, September 18th. Weiss Ratings upgraded Brinker International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 11th. Freedom Broker upgraded Brinker International to a “strong-buy” rating in a research note on Friday, September 18th. Seaport Research Partners initiated coverage on Brinker International in a report on Wednesday, September 16th. They issued a “buy” rating and a $230.00 target price on the stock. Finally, Citigroup raised their target price on Brinker International from $227.00 to $282.00 and gave the company a “buy” rating in a report on Thursday, August 13th.

Insiders Place Their Bets

In other Brinker International news, SVP James M. Butler sold 10,000 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $240.37, for a total transaction of $2,403,700.00. Following the completion of the transaction, the senior vice president owned 9,064 shares of the company’s stock, valued at approximately $2,178,713.68. The trade was a 52.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph DePinto sold 25,000 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the completion of the transaction, the director directly owned 77,812 shares of the company’s stock, valued at $17,927,106.68. This trade represents a 24.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 173,694 shares of company stock valued at $41,568,690 over the last ninety days. 1.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Brinker International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG lifted its stake in shares of Brinker International by 18.0% in the 2nd quarter. Deutsche Bank AG now owns 63,795 shares of the restaurant operator’s stock valued at $10,718,000 after acquiring an additional 9,733 shares during the last quarter. Callan Family Office LLC acquired a new stake in shares of Brinker International during the 2nd quarter valued at $2,258,000. Wealth High Governance Capital Ltda bought a new stake in Brinker International during the 2nd quarter worth $3,710,000. Bank of America Corp DE grew its position in Brinker International by 37.7% during the 1st quarter. Bank of America Corp DE now owns 242,648 shares of the restaurant operator’s stock worth $34,643,000 after acquiring an additional 66,383 shares during the last quarter. Finally, Cynosure Group LLC bought a new stake in Brinker International during the 2nd quarter worth $766,000.

Brinker International Trading Up 0.1%

Shares of Brinker International stock opened at $204.49 on Tuesday. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.06 and a beta of 1.25. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. Brinker International has a 12-month low of $100.30 and a 12-month high of $254.99. The firm’s 50-day moving average price is $216.94 and its two-hundred day moving average price is $180.76.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. Brinker International’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, analysts forecast that Brinker International will post 13.16 earnings per share for the current fiscal year.

Brinker International Company Profile

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining establishments. Its portfolio is led by Chili’s Grill & Bar, a full-service restaurant brand known for burgers, steaks, fajitas, ribs and other American-style menu items, and Maggiano’s Little Italy, which specializes in Italian-American cuisine and operates both restaurants and catering services.

Brinker also developed It’s Just Wings, a virtual restaurant brand offering chicken wings, fries and related items through delivery and takeout.