Brinker International (NYSE:EAT) Stock Price Target Raised at KeyCorp

Key Points

• KeyCorp raised Brinker International’s price target from $250 to $258 and maintained an “overweight” rating, implying 17.12% upside from the reported $220.29 share price.
• Brinker reported quarterly adjusted EPS of $2.77, beating the $2.45 consensus estimate, while revenue rose 9.4% year over year to $1.48 billion.
• Analyst sentiment remains favorable, with MarketBeat reporting a consensus “Moderate Buy” rating and an average price target of $248.60; however, insiders sold $41.6 million of stock over the prior 90 days.

Brinker International (NYSE:EAT - Get Free Report) had its price objective lifted by investment analysts at KeyCorp from $250.00 to $258.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the restaurant operator's stock. KeyCorp's target price points to a potential upside of 17.12% from the company's current price.

Other analysts have also issued reports about the company. Bank of America boosted their price objective on Brinker International from $224.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Raymond James Financial raised Brinker International from an "outperform" rating to a "strong-buy" rating and cut their target price for the company from $270.00 to $260.00 in a research report on Friday, October 16th. Jefferies Financial Group upgraded Brinker International from a "hold" rating to a "buy" rating and upped their price target for the stock from $230.00 to $255.00 in a report on Wednesday, October 14th. BMO Capital Markets upped their price target on Brinker International from $175.00 to $230.00 and gave the stock a "market perform" rating in a report on Thursday, August 13th. Finally, Mizuho increased their price target on Brinker International from $175.00 to $275.00 and gave the company an "outperform" rating in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Brinker International currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.60.

Brinker International Stock Performance

Shares of Brinker International stock opened at $220.29 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.45 and a quick ratio of 0.40. Brinker International has a one year low of $100.30 and a one year high of $254.99. The business has a 50-day simple moving average of $210.12 and a 200 day simple moving average of $174.06. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 0.95 and a beta of 1.25.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $2.77 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same period last year, the company earned $2.17 earnings per share. The business's revenue was up 9.4% on a year-over-year basis. On average, research analysts anticipate that Brinker International will post 13.20 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 the business's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $230.39, for a total value of $5,759,750.00. Following the transaction, the director owned 77,812 shares of the company's stock, valued at approximately $17,927,106.68. The trade was a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Katzman sold 650 shares of the company's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $220.09, for a total value of $143,058.50. Following the completion of the transaction, the director owned 25,094 shares of the company's stock, valued at $5,522,938.46. This trade represents a 2.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 173,694 shares of company stock valued at $41,568,690 in the last ninety days. 1.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brinker International

A number of hedge funds have recently made changes to their positions in EAT. Fifth Third Wealth Advisors LLC grew its holdings in Brinker International by 3.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 1,532 shares of the restaurant operator's stock worth $296,000 after acquiring an additional 54 shares during the last quarter. Smith Group Asset Management LLC boosted its holdings in shares of Brinker International by 0.5% during the second quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator's stock worth $3,472,000 after purchasing an additional 104 shares during the period. Vise Technologies Inc. grew its stake in shares of Brinker International by 6.6% in the third quarter. Vise Technologies Inc. now owns 2,078 shares of the restaurant operator's stock worth $402,000 after purchasing an additional 129 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Brinker International in the third quarter worth about $28,000. Finally, Signaturefd LLC grew its stake in shares of Brinker International by 14.8% in the third quarter. Signaturefd LLC now owns 1,287 shares of the restaurant operator's stock worth $249,000 after purchasing an additional 166 shares during the last quarter.

Brinker International News Roundup

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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