Brinker International (NYSE:EAT) Now Covered by Analysts at Seaport Research Partners

Equities researchers at Seaport Research Partners began coverage on shares of Brinker International (NYSE:EAT) in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm set a “buy” rating and a $230.00 price target on the restaurant operator’s stock. Seaport Research Partners’ price objective points to a potential upside of 13.02% from the stock’s previous close.

Other analysts have also issued research reports about the company. Citigroup increased their price target on Brinker International from $227.00 to $282.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Mizuho boosted their price objective on shares of Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Wells Fargo & Company increased their target price on shares of Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Bank of America raised their target price on shares of Brinker International from $224.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, UBS Group lifted their price target on shares of Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.30.

Brinker International Trading Down 5.0%

Shares of EAT opened at $203.50 on Wednesday. The company’s fifty day moving average is $215.85 and its 200 day moving average is $171.89. Brinker International has a fifty-two week low of $100.30 and a fifty-two week high of $254.99. The stock has a market capitalization of $8.50 billion, a PE ratio of 18.69, a P/E/G ratio of 1.10 and a beta of 1.25. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm earned $2.30 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Sell-side analysts expect that Brinker International will post 13.24 earnings per share for the current fiscal year.

Insider Activity at Brinker International

In other Brinker International news, EVP George Felix sold 14,349 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $237.47, for a total transaction of $3,407,457.03. Following the transaction, the executive vice president owned 6,293 shares of the company’s stock, valued at approximately $1,494,398.71. This trade represents a 69.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph DePinto sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the completion of the sale, the director directly owned 77,812 shares of the company’s stock, valued at $17,927,106.68. The trade was a 24.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 173,694 shares of company stock worth $41,568,690 over the last quarter. Corporate insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EAT. The Manufacturers Life Insurance Company raised its holdings in Brinker International by 13.1% in the second quarter. The Manufacturers Life Insurance Company now owns 21,550 shares of the restaurant operator’s stock worth $3,620,000 after purchasing an additional 2,489 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Brinker International by 24.1% in the 2nd quarter. Tidal Investments LLC now owns 8,897 shares of the restaurant operator’s stock valued at $1,495,000 after buying an additional 1,726 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Brinker International by 318.2% in the 2nd quarter. WINTON GROUP Ltd now owns 28,047 shares of the restaurant operator’s stock valued at $4,712,000 after buying an additional 21,340 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Brinker International in the 2nd quarter worth approximately $145,000. Finally, Empirical Finance LLC purchased a new position in shares of Brinker International in the 2nd quarter worth approximately $687,000.

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.