Brinker International (NYSE:EAT) Given New $240.00 Price Target at Piper Sandler

Brinker International (NYSE:EAT) had its price objective increased by stock analysts at Piper Sandler from $166.00 to $240.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price target points to a potential downside of 2.39% from the company’s current price.

A number of other brokerages also recently issued reports on EAT. Wells Fargo & Company lifted their price target on shares of Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday. Stephens raised their price target on Brinker International from $220.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday. Northcoast Research lowered Brinker International from a “buy” rating to a “neutral” rating in a research report on Friday. BMO Capital Markets upped their price target on shares of Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, UBS Group raised their price objective on Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.05.

Brinker International Stock Performance

Shares of EAT traded up $8.72 during mid-day trading on Monday, hitting $245.87. 190,274 shares of the company traded hands, compared to its average volume of 1,168,038. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 1.32 and a beta of 1.23. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.45. The stock has a 50-day moving average price of $186.95 and a two-hundred day moving average price of $160.75. Brinker International has a 1 year low of $100.30 and a 1 year high of $253.71.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a return on equity of 122.35% and a net margin of 8.39%.Brinker International’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Equities analysts anticipate that Brinker International will post 13.19 earnings per share for the current year.

Hedge Funds Weigh In On Brinker International

Several large investors have recently made changes to their positions in EAT. Caitong International Asset Management Co. Ltd purchased a new position in Brinker International during the third quarter worth approximately $25,000. Transamerica Financial Advisors LLC raised its position in shares of 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 buying an additional 154 shares during the last quarter. Allworth Financial LP raised its holdings in 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 last quarter. Kilter Group LLC acquired a new stake in shares of Brinker International in the second quarter valued at approximately $35,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of 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 acquiring an additional 93 shares during the period.

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.