DA Davidson Lowers Brinker International (NYSE:EAT) Price Target to $210.00

Key Points

• DA Davidson lowered Brinker International’s price target from $240 to $210 and maintained a “neutral” rating, implying 6.58% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $241.80 based on 24 analyst ratings.
• Brinker reported $3.07 in quarterly EPS, slightly below estimates, while revenue rose 5.1% year over year to $1.54 billion; insiders sold $41.6 million of stock during the latest quarter.

Brinker International (NYSE:EAT - Get Free Report) had its price target cut by research analysts at DA Davidson from $240.00 to $210.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a "neutral" rating on the restaurant operator's stock. DA Davidson's target price points to a potential upside of 6.58% from the stock's previous close.

Several other equities research analysts have also commented on the company. Weiss Ratings upgraded Brinker International from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, September 11th. UBS Group lifted their target price on shares of Brinker International from $190.00 to $260.00 and gave the company a "buy" rating in a report on Monday, August 10th. KeyCorp increased their price target on shares of Brinker International from $204.00 to $275.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. BMO Capital Markets raised their price target on shares of Brinker International from $175.00 to $230.00 and gave the company a "market perform" rating in a research report on Thursday, August 13th. Finally, Seaport Research Partners started coverage on shares of Brinker International in a research report on Wednesday, September 16th. They set a "buy" rating and a $230.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $241.80.

Brinker International Price Performance

Shares of EAT opened at $197.04 on Monday. The business's 50-day moving average is $217.18 and its two-hundred day moving average is $173.06. The company has a market capitalization of $8.23 billion, a P/E ratio of 18.09, a P/E/G ratio of 1.03 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 debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Research analysts predict that Brinker International will post 13 earnings per share for the current year.

Insider Activity at Brinker International

In other Brinker International news, Director James Katzman sold 650 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $220.09, for a total transaction 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 represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph DePinto sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $230.39, for a total value 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. This trade represents 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 in the last quarter. Corporate insiders own 1.43% of the company's stock.

Institutional Investors Weigh In On Brinker International

Several institutional investors and hedge funds have recently added to or reduced their stakes in EAT. The Manufacturers Life Insurance Company grew its holdings in shares of Brinker International by 13.1% during the second quarter. The Manufacturers Life Insurance Company now owns 21,550 shares of the restaurant operator's stock worth $3,620,000 after buying an additional 2,489 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Brinker International by 24.1% in the second quarter. Tidal Investments LLC now owns 8,897 shares of the restaurant operator's stock worth $1,495,000 after buying an additional 1,726 shares in the last quarter. WINTON GROUP Ltd boosted its position in Brinker International by 318.2% during the second quarter. WINTON GROUP Ltd now owns 28,047 shares of the restaurant operator's stock worth $4,712,000 after acquiring an additional 21,340 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Brinker International during the second quarter worth about $145,000. Finally, Empirical Finance LLC purchased a new stake in Brinker International during the 2nd quarter valued at about $687,000.

About Brinker International

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.

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