Brinker International (NYSE:EAT) Stock Price Target Cut by TD Cowen

Brinker International (NYSE:EAT) had its target price reduced by analysts at TD Cowen from $270.00 to $250.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. TD Cowen’s target price would suggest a potential upside of 22.26% from the company’s current price.

Other analysts have also recently issued reports about the company. Morgan Stanley boosted their price target on Brinker International from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th. UBS Group raised their price objective on shares of Brinker International from $190.00 to $260.00 and gave the company a “buy” rating in a report on Monday, August 10th. Stephens reiterated an “overweight” rating and issued a $300.00 price objective on shares of Brinker International in a report on Friday, September 18th. Wells Fargo & Company lifted their target price on shares of Brinker International from $220.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Finally, Robert W. Baird started coverage on shares of Brinker International in a report on Monday, August 24th. They set an “outperform” rating and a $325.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Brinker International presently has an average rating of “Moderate Buy” and a consensus price target of $246.24.

Brinker International Trading Up 0.1%

Shares of EAT stock opened at $204.49 on Friday. The firm has a market capitalization of $8.54 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.06 and a beta of 1.25. Brinker International has a twelve month low of $100.30 and a twelve month high of $254.99. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. The stock’s fifty day simple moving average is $216.94 and its 200 day simple moving average is $180.76.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates 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 period in the previous year, the company earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, sell-side analysts predict that Brinker International will post 13.16 EPS for the current fiscal year.

Insider Buying and Selling at Brinker International

In other Brinker International news, CEO Kevin Hochman sold 40,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $243.15, for a total value of $9,726,000.00. Following the sale, the chief executive officer owned 144,090 shares in the company, valued at approximately $35,035,483.50. The trade was a 21.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph DePinto sold 25,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $230.39, for a total value of $5,759,750.00. Following the completion of the sale, the director owned 77,812 shares in the company, valued at $17,927,106.68. This trade represents a 24.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 173,694 shares of company stock worth $41,568,690 over the last 90 days. Company insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On Brinker International

A number of hedge funds have recently made changes to their positions in the stock. Freestone Grove Partners LP acquired a new position in shares of Brinker International in the second quarter worth approximately $91,237,000. Bank of America Corp DE bought a new stake in Brinker International in the second quarter valued at approximately $39,687,000. Wellington Management Group LLP boosted its holdings in Brinker International by 63.7% in the second quarter. Wellington Management Group LLP now owns 413,472 shares of the restaurant operator’s stock valued at $69,463,000 after acquiring an additional 160,939 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Brinker International by 53.7% in the first quarter. Assenagon Asset Management S.A. now owns 456,565 shares of the restaurant operator’s stock valued at $65,184,000 after acquiring an additional 159,606 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Brinker International by 2.2% in the second quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock valued at $1,130,552,000 after acquiring an additional 145,525 shares during the last quarter.

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.