Brinker International (NYSE:EAT) Hits New 1-Year High – Here’s What Happened

Shares of Brinker International, Inc. (NYSE:EAT) reached a new 52-week high during trading on Monday . The company traded as high as $220.69 and last traded at $222.64, with a volume of 79953 shares trading hands. The stock had previously closed at $213.70.

Analysts Set New Price Targets

Several brokerages recently commented on EAT. Wells Fargo & Company boosted their price objective on shares of Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. TD Cowen raised their price target on shares of Brinker International from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 20th. Barclays boosted their price target on shares of Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley upped their price target on shares of Brinker International from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $193.25.

Brinker International Trading Up 4.2%

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.35 and a current ratio of 0.40. The stock has a market cap of $9.55 billion, a P/E ratio of 21.94, a P/E/G ratio of 1.27 and a beta of 1.23. The stock has a 50-day moving average price of $169.10 and a 200-day moving average price of $156.02.

Hedge Funds Weigh In On Brinker International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Brinker International in the 3rd quarter worth $25,000. Transamerica Financial Advisors LLC lifted its holdings in shares of Brinker International by 570.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 83 shares during the last quarter. Salomon & Ludwin LLC grew its position in Brinker International by 45.1% in the fourth quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 93 shares in the last quarter. Finally, First Horizon Corp grew its position in Brinker International by 116.0% in the fourth quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 181 shares in the last quarter.

Brinker International Company Profile

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.