Brinker International (NYSE:EAT) Price Target Lowered to $144.00 at Jefferies Financial Group

Key Points

• Jefferies Financial Group has lowered its price target for Brinker International from $175.00 to $144.00, while maintaining a "hold" rating on the stock.
• Brinker International's shares saw a trading increase of 4.9% on Monday, reaching a price of $130.97 with a market cap of $5.82 billion.
• In the latest earnings report, Brinker International reported an EPS of $2.49, beating expectations and showing a 21.0% year-over-year revenue increase.

Brinker International (NYSE:EAT - Get Free Report) had its target price lowered by investment analysts at Jefferies Financial Group from $175.00 to $144.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the restaurant operator's stock. Jefferies Financial Group's price target would indicate a potential upside of 9.95% from the company's current price.

A number of other analysts have also recently issued reports on the company. Barclays increased their target price on Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Weiss Ratings reissued a "buy (b)" rating on shares of Brinker International in a research report on Wednesday, October 8th. Wells Fargo & Company raised shares of Brinker International from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $165.00 to $175.00 in a research report on Monday, September 22nd. Morgan Stanley increased their target price on Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Finally, Wall Street Zen cut Brinker International from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $169.83.

Brinker International Trading Up 4.9%

Shares of EAT stock traded up $6.11 on Monday, reaching $130.97. The company had a trading volume of 724,276 shares, compared to its average volume of 1,456,387. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 1.15. The stock has a market cap of $5.82 billion, a PE ratio of 15.78, a PEG ratio of 0.82 and a beta of 1.38. The company has a 50-day moving average of $146.91 and a 200-day moving average of $154.67. Brinker International has a 12 month low of $83.61 and a 12 month high of $192.21.

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

Insider Activity

In other news, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction that occurred 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 completion of the transaction, the director directly owned 28,905 shares in the company, valued at approximately $4,538,085. The trade was a 22.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin Hochman sold 44,000 shares of Brinker International stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the transaction, the chief executive officer directly owned 212,867 shares of the company's stock, valued at approximately $33,594,669.94. This trade represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,325 shares of company stock valued at $10,754,785 in the last quarter. Company insiders own 1.72% of the company's stock.

Institutional Investors Weigh In On Brinker International

Institutional investors have recently made changes to their positions in the stock. Westfield Capital Management Co. LP lifted its position in shares of Brinker International by 24.2% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,236,583 shares of the restaurant operator's stock valued at $222,993,000 after acquiring an additional 240,870 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Brinker International by 86.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,091,692 shares of the restaurant operator's stock valued at $196,865,000 after acquiring an additional 506,087 shares during the period. Geode Capital Management LLC lifted its position in Brinker International by 1.3% during the second quarter. Geode Capital Management LLC now owns 1,071,523 shares of the restaurant operator's stock worth $193,619,000 after purchasing an additional 14,033 shares during the period. Dimensional Fund Advisors LP grew its stake in Brinker International by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 967,550 shares of the restaurant operator's stock worth $144,201,000 after buying an additional 46,896 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in Brinker International by 107.1% during the second quarter. Balyasny Asset Management L.P. now owns 639,362 shares of the restaurant operator's stock worth $115,296,000 after buying an additional 330,611 shares in 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.

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