Brinker International, Inc. (NYSE:EAT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Brinker International, Inc. (NYSE:EAT) have been given an average rating of “Moderate Buy” by the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $165.6667.

Several analysts have commented on the stock. The Goldman Sachs Group dropped their target price on shares of Brinker International from $207.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. Piper Sandler raised their price objective on shares of Brinker International from $155.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Barclays reduced their target price on shares of Brinker International from $145.00 to $135.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Bank of America upgraded Brinker International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $190.00 to $192.00 in a report on Monday, October 6th. Finally, Morgan Stanley dropped their price target on Brinker International from $161.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 22nd.

Insider Buying and Selling

In other news, CEO Kevin Hochman sold 44,000 shares of Brinker International stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total value of $6,944,080.00. Following the sale, the chief executive officer directly owned 212,867 shares in the company, valued at $33,594,669.94. This trade represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Douglas N. Comings sold 16,000 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the completion of the sale, the chief operating officer directly owned 12,951 shares in the company, valued at approximately $2,026,572.48. This represents a 55.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EAT. Concord Wealth Partners bought a new stake in Brinker International during the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Brinker International in the 3rd quarter valued at about $25,000. Allworth Financial LP increased its position in shares of Brinker International by 105.8% in the second quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 73 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Brinker International during the third quarter worth about $26,000. Finally, AdvisorNet Financial Inc bought a new stake in Brinker International during the second quarter worth about $33,000.

Brinker International Stock Performance

Shares of Brinker International stock opened at $135.15 on Friday. The stock’s fifty day simple moving average is $124.88 and its 200 day simple moving average is $149.22. The company has a current ratio of 0.35, a quick ratio of 0.25 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $6.00 billion, a PE ratio of 14.02, a PEG ratio of 0.77 and a beta of 1.38. Brinker International has a 12 month low of $100.30 and a 12 month high of $192.21.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The company’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, research analysts predict that Brinker International will post 8.3 EPS for the current year.

About Brinker International

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.