Brinker International (NYSE:EAT) Hits New 12-Month High – Should You Buy?

Brinker International, Inc. (NYSE:EAT) shares hit a new 52-week high during trading on Monday . The company traded as high as $254.51 and last traded at $253.6750, with a volume of 433615 shares trading hands. The stock had previously closed at $246.06.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Robert W. Baird began coverage on Brinker International in a research note on Monday. They set an “outperform” rating and a $325.00 target price for the company. Piper Sandler increased their target price on Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Citigroup increased their price objective on shares of Brinker International from $227.00 to $282.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Stephens boosted their price target on shares of Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Finally, TD Cowen upped their target price on shares of Brinker International from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $242.19.

Brinker International Stock Down 2.1%

The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45. The company has a market cap of $10.38 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.31 and a beta of 1.24. The stock has a 50 day moving average price of $199.35 and a 200 day moving average price of $164.77.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the company posted $2.30 earnings per share. Brinker International’s revenue was up 5.1% compared to the same quarter last year. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Research analysts expect that Brinker International, Inc. will post 13.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Brinker International news, CEO Kevin Hochman sold 40,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $243.15, for a total transaction of $9,726,000.00. Following the sale, the chief executive officer directly owned 144,090 shares of the company’s stock, valued at $35,035,483.50. The trade was a 21.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daniel S. Fuller sold 9,960 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $243.43, for a total transaction of $2,424,562.80. Following the sale, the senior vice president owned 32,086 shares of the company’s stock, valued at approximately $7,810,694.98. This represents a 23.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 143,105 shares of company stock valued at $34,474,429. Company insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in Brinker International in the third quarter worth $25,000. Transamerica Financial Advisors LLC boosted its position in Brinker International by 570.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 154 shares during the period. Allworth Financial LP grew its holdings in Brinker International by 58.5% during the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 83 shares during the last quarter. Kilter Group LLC acquired a new stake in shares of Brinker International in the second quarter worth $35,000. Finally, Global Retirement Partners LLC grew its stake in Brinker International by 1,233.3% in the 4th quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 333 shares during the last quarter.

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.