Brinker International (NYSE:EAT) Price Target Cut to $210.00 by Analysts at DA Davidson

Brinker International (NYSE:EAT) had its price objective lowered by DA Davidson from $240.00 to $210.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

Several other research firms have also recently weighed in on EAT. TD Cowen reiterated a “buy” rating and issued a $270.00 price objective on shares of Brinker International in a report on Friday. BMO Capital Markets boosted their target price on Brinker International from $175.00 to $230.00 and gave the company a “market perform” rating in a research note on Thursday, August 13th. Robert W. Baird started coverage on Brinker International in a report on Monday, August 24th. They set an “outperform” rating and a $325.00 target price for the company. Weiss Ratings raised Brinker International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 11th. Finally, Mizuho lifted their price target on shares of Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $241.80.

Brinker International Price Performance

Shares of Brinker International stock opened at $200.69 on Monday. The company’s fifty day simple moving average is $217.40 and its two-hundred day simple moving average is $173.49. Brinker International has a 12-month low of $100.30 and a 12-month high of $254.99. The firm has a market cap of $8.38 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the company posted $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, equities analysts expect that Brinker International will post 13 EPS for the current year.

Insider Activity

In related news, SVP Daniel Fuller sold 1,909 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $253.54, for a total transaction of $484,007.86. Following the sale, the senior vice president owned 30,177 shares of the company’s stock, valued at $7,651,076.58. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Katzman sold 650 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $220.09, for a total transaction of $143,058.50. Following the completion of the sale, the director owned 25,094 shares in the company, valued at approximately $5,522,938.46. This trade represents a 2.52% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 173,694 shares of company stock worth $41,568,690. 1.43% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Brinker International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kilter Group LLC bought a new position in Brinker International in the 2nd quarter worth about $35,000. CoreCap Advisors LLC increased its stake in Brinker International by 33,000.0% during the 2nd quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 330 shares in the last quarter. Allworth Financial LP raised its holdings in Brinker International by 49.3% in the fourth quarter. Allworth Financial LP now owns 336 shares of the restaurant operator’s stock worth $48,000 after buying an additional 111 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Brinker International in the second quarter worth about $71,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Brinker International by 881.2% in the second quarter. Parkside Financial Bank & Trust now owns 471 shares of the restaurant operator’s stock worth $79,000 after buying an additional 423 shares in the last quarter.

Brinker International Company Profile

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining restaurants. Its portfolio includes Chili’s Grill & Bar, a full-service restaurant brand known for burgers, fajitas, ribs, steaks, Tex-Mex dishes and a broad beverage menu, and Maggiano’s Little Italy, which specializes in Italian-American cuisine and family-style dining.

Chili’s restaurants serve a wide range of lunch and dinner offerings in a casual, bar-and-grill setting, while Maggiano’s locations offer traditional Italian dishes, including pasta, chicken, seafood and desserts.