The Goldman Sachs Group Cuts Brinker International (NYSE:EAT) Price Target to $180.00

Brinker International (NYSE:EAT) had its price objective trimmed by The Goldman Sachs Group from $207.00 to $180.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the company. Evercore ISI upgraded Brinker International from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $190.00 to $210.00 in a report on Thursday, September 4th. Wells Fargo & Company raised shares of Brinker International from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $165.00 to $175.00 in a research report on Monday, September 22nd. BMO Capital Markets increased their price target on shares of Brinker International from $150.00 to $170.00 and gave the stock a “market perform” rating in a research note on Thursday, August 14th. Bank of America boosted their price objective on shares of Brinker International from $186.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. Finally, Wall Street Zen downgraded shares of Brinker International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $171.53.

Brinker International Price Performance

Shares of NYSE EAT opened at $127.78 on Tuesday. Brinker International has a 1 year low of $78.03 and a 1 year high of $192.21. The stock has a market capitalization of $5.69 billion, a P/E ratio of 15.38, a P/E/G ratio of 0.80 and a beta of 1.38. The company’s 50-day moving average is $150.86 and its 200 day moving average is $155.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.02. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the firm posted $1.61 EPS. The business’s revenue was up 21.0% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, sell-side analysts expect that Brinker International will post 8.3 earnings per share for the current year.

Insider Activity

In other Brinker International news, COO Douglas N. Comings sold 16,000 shares of Brinker International stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total value of $2,503,680.00. Following the completion of the sale, the chief operating officer owned 12,951 shares of the company’s stock, valued at approximately $2,026,572.48. This trade represents a 55.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harriet Edelman sold 8,325 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total value of $1,307,025.00. Following the completion of the transaction, the director owned 28,905 shares of the company’s stock, valued at $4,538,085. This represents a 22.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,325 shares of company stock worth $10,754,785 over the last 90 days. 1.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Brinker International

Several large investors have recently bought and sold shares of the business. Allworth Financial LP lifted its stake in Brinker International by 105.8% during the 2nd 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 period. GPS Wealth Strategies Group LLC raised its holdings in shares of Brinker International by 52.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 75 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Brinker International by 5.9% during the second quarter. Sequoia Financial Advisors LLC now owns 1,462 shares of the restaurant operator’s stock valued at $264,000 after purchasing an additional 81 shares during the period. Maryland State Retirement & Pension System boosted its holdings in Brinker International by 0.7% in the second quarter. Maryland State Retirement & Pension System now owns 13,043 shares of the restaurant operator’s stock worth $2,352,000 after purchasing an additional 85 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in Brinker International by 0.7% in the 2nd quarter. Yousif Capital Management LLC now owns 12,097 shares of the restaurant operator’s stock worth $2,181,000 after purchasing an additional 85 shares during the period.

Brinker International Company Profile

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.