Brinker International (NYSE:EAT) Price Target Lowered to $145.00 at Barclays

Key Points

• Barclays has lowered its price target for Brinker International from $170 to $145, maintaining an "equal weight" rating, which indicates a potential upside of 8.70% from the current price.
• Other firms like UBS and Wells Fargo have also recently raised their price targets for Brinker, with UBS increasing its target to $165 and Wells Fargo setting theirs at $175.
• Brinker International reported an earnings per share (EPS) of $2.49 for the last quarter, exceeding analysts' expectations of $2.47, with revenues rising 21.0% year-over-year to $1.46 billion.

Brinker International (NYSE:EAT - Get Free Report) had its target price dropped by analysts at Barclays from $170.00 to $145.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the restaurant operator's stock. Barclays's price target points to a potential upside of 8.70% from the stock's current price.

EAT has been the subject of a number of other reports. UBS Group raised their price target on Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Wells Fargo & Company upgraded 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 price objective on Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. BMO Capital Markets increased their price objective on Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. upgraded Brinker International from a "neutral" rating to an "overweight" rating and set a $175.00 price objective on the stock in a research report on Tuesday, October 7th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $167.67.

Brinker International Price Performance

Brinker International stock opened at $133.39 on Wednesday. Brinker International has a one year low of $91.70 and a one year high of $192.21. The business has a fifty day moving average price of $143.12 and a 200-day moving average price of $153.83. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25. The firm has a market capitalization of $5.93 billion, a P/E ratio of 16.05, a PEG ratio of 0.86 and a beta of 1.38.

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

Insider Activity at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 16,000 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the completion of the sale, the chief operating officer directly owned 12,951 shares of the company's stock, valued at approximately $2,026,572.48. The trade was a 55.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Harriet Edelman sold 8,325 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $157.00, for a total value of $1,307,025.00. Following the sale, the director directly owned 28,905 shares of the company's stock, valued at $4,538,085. This represents a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,325 shares of company stock valued at $10,754,785 over the last ninety days. 1.43% of the stock is owned by insiders.

Institutional Trading of Brinker International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in shares of Brinker International during the 1st quarter worth about $206,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Brinker International in the 1st quarter valued at approximately $492,000. Robeco Institutional Asset Management B.V. bought a new stake in Brinker International in the 1st quarter valued at approximately $565,000. Teacher Retirement System of Texas lifted its stake in Brinker International by 72.9% in the 1st quarter. Teacher Retirement System of Texas now owns 55,885 shares of the restaurant operator's stock valued at $8,330,000 after acquiring an additional 23,554 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Brinker International by 153.4% during the 1st quarter. GAMMA Investing LLC now owns 783 shares of the restaurant operator's stock worth $117,000 after purchasing an additional 474 shares in the last quarter.

Brinker International Company Profile

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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