Brinker International (NYSE:EAT) Price Target Raised to $285.00

Key Points

• Wells Fargo raised Brinker International’s price target to $285 from $270 and maintained an “overweight” rating, implying 31.32% potential upside from the reported share price.
• Analyst sentiment remains positive: Brinker has a consensus “Moderate Buy” rating and an average price target of $249.35, with several firms recently increasing their targets.
• Brinker exceeded quarterly expectations, reporting adjusted EPS of $2.77 versus the $2.45 consensus and revenue of $1.48 billion, up 9.4% year over year.

Brinker International (NYSE:EAT - Get Free Report) had its price objective upped by investment analysts at Wells Fargo & Company from $270.00 to $285.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the restaurant operator's stock. Wells Fargo & Company's target price suggests a potential upside of 31.32% from the company's current price.

Other analysts also recently issued reports about the company. TD Cowen raised their price objective on Brinker International from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday. Bank of America lifted their price target on shares of Brinker International from $224.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Weiss Ratings upgraded shares of Brinker International from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, September 11th. Stephens reaffirmed an "overweight" rating and set a $300.00 price objective on shares of Brinker International in a research report on Thursday. Finally, Robert W. Baird lifted their target price on shares of Brinker International from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Brinker International has a consensus rating of "Moderate Buy" and a consensus target price of $249.35.

Brinker International Stock Performance

Shares of Brinker International stock opened at $217.03 on Thursday. Brinker International has a one year low of $100.30 and a one year high of $254.99. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 0.95 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. The business's 50 day moving average price is $210.12 and its 200 day moving average price is $174.06.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, October 28th. The restaurant operator reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.45 by $0.32. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm earned $2.17 earnings per share. Brinker International's quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts predict that Brinker International will post 13.20 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Aaron White sold 16,220 shares of Brinker International stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $236.22, for a total value of $3,831,488.40. Following the completion of the transaction, the executive vice president owned 42,756 shares in the company, valued at approximately $10,099,822.32. The trade was a 27.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph DePinto sold 25,000 shares of Brinker International stock in a transaction that occurred on 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 of the company's stock, valued at $17,927,106.68. This trade represents a 24.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 173,694 shares of company stock valued at $41,568,690. 1.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Brinker International

Institutional investors have recently modified their holdings of the business. Root Financial Partners LLC acquired a new stake in Brinker International in the third quarter valued at $28,000. Kilter Group LLC purchased a new stake in Brinker International during the 2nd quarter worth about $35,000. CoreCap Advisors LLC boosted its position in shares of Brinker International by 33,000.0% during the 2nd quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator's stock worth $56,000 after acquiring an additional 330 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Brinker International during the 2nd quarter worth about $71,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Brinker International by 881.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 471 shares of the restaurant operator's stock valued at $79,000 after acquiring an additional 423 shares during the last quarter.

Key Brinker International News

Here are the key news stories impacting Brinker International this week:

• Positive Sentiment: Strong quarterly performance: Brinker reported fiscal Q1 adjusted earnings of $2.77 per share, exceeding consensus estimates of $2.45–$2.49 and rising from $2.17 a year earlier. Revenue increased 9.4% year over year to $1.48 billion, also topping expectations. Brinker International fiscal first-quarter results
• Positive Sentiment: Chili’s continued to drive growth: The chain posted its 22nd consecutive quarter of same-store sales growth, with comparable sales up 10% despite lapping a 21% increase last year. Management cited a three-year cumulative comparable-sales gain of 52%, supporting the view that Chili’s momentum remains durable. Brinker rallies after Chili’s results
• Positive Sentiment: Fiscal 2027 outlook raised: Brinker now expects adjusted fiscal 2027 earnings of $13.30 to $13.90 per share, slightly above the FactSet estimate of $13.28. The improved forecast reinforces expectations for continued earnings growth. Brinker fiscal 2027 earnings outlook
• Positive Sentiment: Analyst support increased: Robert W. Baird raised its price target from $270 to $280 and maintained an “outperform” rating, while TD Cowen lifted its target from $250 to $270 and assigned a “buy” rating. The targets imply substantial upside from the reported $220.29 reference price. Robert W. Baird Brinker rating

About Brinker International

Brinker International, Inc is a casual-dining restaurant company that owns, operates and franchises restaurants in the United States and select international markets. The company is headquartered in Dallas, Texas, and serves customers through company-operated and franchised locations.

Brinker's principal brands are Chili's Grill & Bar and Maggiano's Little Italy. Chili's offers a broad menu of burgers, steaks, ribs, fajitas, Tex-Mex dishes, salads and beverages in a full-service, casual setting.

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