Brinker International (NYSE:EAT) Stock Gets Price Target Reduction from TD Cowen

Brinker International (NYSE:EAT) had its price target cut by TD Cowen from $270.00 to $250.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Other equities research analysts also recently issued reports about the stock. Zacks Research raised shares of Brinker International from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Seaport Research Partners initiated coverage on shares of Brinker International in a research report on Wednesday, September 16th. They set a “buy” rating and a $230.00 price objective for the company. Mizuho boosted their target price on shares of Brinker International from $175.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. BMO Capital Markets increased their target price on Brinker International from $175.00 to $230.00 and gave the company a “market perform” rating in a report on Thursday, August 13th. Finally, Morgan Stanley increased their target price on Brinker International from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $249.33.

Brinker International Price Performance

Shares of EAT opened at $203.97 on Friday. The company has a market cap of $8.52 billion, a P/E ratio of 18.73, a PEG ratio of 1.06 and a beta of 1.25. Brinker International has a fifty-two week low of $100.30 and a fifty-two week 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 firm’s 50 day moving average price is $216.52 and its 200 day moving average price is $181.23.

Brinker International (NYSE:EAT) last posted its quarterly earnings results 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 business 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%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, research analysts forecast that Brinker International will post 13.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director Joseph DePinto sold 25,000 shares of Brinker International stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the completion of the transaction, the director owned 77,812 shares in the company, valued at approximately $17,927,106.68. The trade was a 24.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP George S. Felix sold 14,349 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $237.47, for a total value of $3,407,457.03. Following the completion of the sale, the executive vice president directly owned 6,293 shares in the company, valued at approximately $1,494,398.71. The trade was a 69.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 173,694 shares of company stock worth $41,568,690. Company insiders own 1.18% of the company’s stock.

Institutional Trading of Brinker International

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Brinker International by 2.2% during the second quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock worth $1,130,552,000 after acquiring an additional 145,525 shares during the last quarter. State Street Corp lifted its position in Brinker International by 3.5% during the second quarter. State Street Corp now owns 1,748,760 shares of the restaurant operator’s stock valued at $293,786,000 after buying an additional 59,120 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Brinker International by 0.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,170,612 shares of the restaurant operator’s stock valued at $167,128,000 after buying an additional 9,692 shares in the last quarter. Freestone Grove Partners LP acquired a new position in Brinker International during the second quarter valued at approximately $91,237,000. Finally, Wellington Management Group LLP grew its stake in Brinker International by 63.7% during the second quarter. Wellington Management Group LLP now owns 413,472 shares of the restaurant operator’s stock worth $69,463,000 after buying an additional 160,939 shares during the period.

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.