Barclays Issues Positive Forecast for Brinker International (NYSE:EAT) Stock Price

Key Points

• Barclays has increased its price target for Brinker International from $166.00 to $170.00, suggesting a potential upside of 7.81% from the current stock price.
• Brinker International reported a quarterly EPS of $2.49, exceeding analysts' estimates of $2.47, with a significant revenue growth of 21.0% compared to the previous year.
• The company holds a consensus "Hold" rating from analysts, with thirteen ratings at hold and five at buy, and an average price target of $156.65.

Brinker International (NYSE:EAT - Get Free Report) had its price objective upped by Barclays from $166.00 to $170.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the restaurant operator's stock. Barclays's price target suggests a potential upside of 9.95% from the stock's previous close.

A number of other research analysts also recently weighed in on the stock. Morgan Stanley increased their target price on shares of Brinker International from $144.00 to $149.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Bank of America increased their price target on shares of Brinker International from $185.00 to $186.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Stifel Nicolaus increased their target price on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday, June 23rd. JPMorgan Chase & Co. lifted their target price on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company raised their target price on shares of Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, Brinker International has a consensus rating of "Hold" and an average price target of $171.41.

Brinker International Stock Down 0.8%

Shares of NYSE EAT traded down $1.2550 during trading hours on Thursday, hitting $154.6150. The company had a trading volume of 559,245 shares, compared to its average volume of 1,492,837. Brinker International has a 1-year low of $65.82 and a 1-year high of $192.21. The firm's 50 day moving average is $167.62 and its 200-day moving average is $157.92. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $6.87 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 1.00 and a beta of 1.68.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping the consensus estimate of $2.47 by $0.02. The company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.42 billion. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The business's revenue for the quarter was up 21.0% on a year-over-year basis. During the same period last year, the firm earned $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, analysts expect that Brinker International will post 8.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Joseph Michael Depinto sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $170.36, for a total value of $1,703,600.00. Following the completion of the transaction, the director directly owned 99,297 shares of the company's stock, valued at $16,916,236.92. This trade represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the transaction, the director directly owned 28,905 shares of the company's stock, valued at approximately $4,538,085. This trade represents a 22.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.72% of the company's stock.

Institutional Investors Weigh In On Brinker International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Caxton Associates LLP raised its position in shares of Brinker International by 0.8% during the 2nd quarter. Caxton Associates LLP now owns 21,955 shares of the restaurant operator's stock worth $3,959,000 after acquiring an additional 180 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in Brinker International by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 151,498 shares of the restaurant operator's stock valued at $27,320,000 after buying an additional 10,694 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in Brinker International by 6.4% in the second quarter. Evergreen Capital Management LLC now owns 3,845 shares of the restaurant operator's stock valued at $693,000 after buying an additional 230 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Brinker International by 146.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,965 shares of the restaurant operator's stock valued at $1,076,000 after buying an additional 3,543 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its stake in Brinker International by 481.6% in the second quarter. Rakuten Securities Inc. now owns 599 shares of the restaurant operator's stock valued at $108,000 after buying an additional 496 shares during the last quarter.

About Brinker International

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.