Brinker International (NYSE:EAT) Reaches New 1-Year High - Here's What Happened

Key Points

• Brinker International shares reached a new 52-week high, trading as high as $254.51 and rising 3.5% from the prior close.
• Analysts have raised their price targets significantly, with a consensus rating of “Moderate Buy” and an average target of $242.19; Bank of America’s target is now $310.
• The company reported quarterly revenue of $1.54 billion, up 5.1% year over year, though earnings of $3.07 per share narrowly missed estimates. Meanwhile, insiders sold 133,105 shares worth about $32.1 million over the past 90 days.

Shares of Brinker International, Inc. (NYSE:EAT - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $254.51 and last traded at $253.6750, with a volume of 433615 shares traded. The stock had previously closed at $246.06.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EAT. Bank of America lifted their target price on Brinker International from $224.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, August 14th. DA Davidson raised their price target on shares of Brinker International from $160.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, August 13th. UBS Group boosted their price objective on shares of Brinker International from $190.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Wells Fargo & Company increased their target price on shares of Brinker International from $220.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. Finally, Mizuho raised their target price on shares of Brinker International from $175.00 to $275.00 and gave the company an "outperform" rating in a research report on Thursday, August 13th. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $242.19.

Brinker International Stock Up 3.5%

The company has a debt-to-equity ratio of 0.95, a current ratio of 0.45 and a quick ratio of 0.40. The firm's 50 day moving average is $195.50 and its two-hundred day moving average is $163.53. The firm has a market capitalization of $10.63 billion, a P/E ratio of 23.29, a PEG ratio of 1.27 and a beta of 1.24.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The firm 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 revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Research analysts predict that Brinker International, Inc. will post 13.24 EPS for the current year.

Insider Transactions at Brinker International

In other news, SVP Daniel S. Fuller sold 9,960 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $243.43, for a total value of $2,424,562.80. Following the completion of the sale, the senior vice president directly owned 32,086 shares of the company's stock, valued at $7,810,694.98. This trade represents a 23.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Aaron M. White sold 16,220 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $236.22, for a total value of $3,831,488.40. Following the transaction, the executive vice president directly owned 42,756 shares in the company, valued at $10,099,822.32. The trade was a 27.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 133,105 shares of company stock valued at $32,070,729. Company insiders own 1.43% of the company's stock.

Hedge Funds Weigh In On Brinker International

Several large investors have recently modified their holdings of EAT. Caitong International Asset Management Co. Ltd acquired a new position in Brinker International in the 3rd quarter valued at about $25,000. Transamerica Financial Advisors LLC boosted its holdings in shares of Brinker International by 570.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 154 shares during the period. Allworth Financial LP boosted its holdings in shares of Brinker International by 58.5% during the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator's stock worth $28,000 after acquiring an additional 83 shares during the period. Kilter Group LLC acquired a new position in shares of Brinker International in the second quarter valued at approximately $35,000. Finally, Global Retirement Partners LLC grew its position in shares of Brinker International by 1,233.3% in the fourth quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator's stock valued at $52,000 after purchasing an additional 333 shares during the last quarter.

Brinker International Company Profile

Brinker International, Inc NYSE: EAT is a leading global operator of casual dining restaurants. The company's portfolio is anchored by its flagship Chili's® Grill & Bar concept and Maggiano's® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili's brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.

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