Brinker International (NYSE:EAT) Stock Price Expected to Rise, Piper Sandler Analyst Says

Key Points

• Piper Sandler raised Brinker International’s price target from $166 to $240 while maintaining a “neutral” rating, implying about 2.4% downside from the prior close.
• Analyst sentiment remains broadly positive, with 16 Buy and seven Hold ratings producing a “Moderate Buy” consensus and an average price target of $238.05.
• Brinker shares traded at $245.87, near their 52-week high of $253.71. The company’s latest quarterly revenue rose 5.1% to $1.54 billion, although EPS of $3.07 narrowly missed estimates.

Brinker International (NYSE:EAT - Get Free Report) had its price target lifted by Piper Sandler from $166.00 to $240.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the restaurant operator's stock. Piper Sandler's price target would indicate a potential downside of 2.39% from the company's previous close.

A number of other research firms also recently issued reports on EAT. Mizuho lifted their price objective on shares of Brinker International from $175.00 to $275.00 and gave the stock an "outperform" rating in a report on Thursday. Northcoast Research cut Brinker International from a "buy" rating to a "neutral" rating in a research note on Friday. KeyCorp raised their price target on Brinker International from $204.00 to $275.00 and gave the company an "overweight" rating in a research report on Thursday. DA Davidson lifted their price target on Brinker International from $160.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, BMO Capital Markets upped their price objective on Brinker International from $175.00 to $230.00 and gave the stock a "market perform" rating in a report on Thursday. Sixteen 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.com, the company currently has an average rating of "Moderate Buy" and an average target price of $238.05.

Brinker International Stock Performance

EAT traded up $8.72 during trading on Monday, hitting $245.87. 190,274 shares of the company traded hands, compared to its average volume of 1,168,038. The firm has a market cap of $10.55 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 1.32 and a beta of 1.23. The stock's fifty day moving average is $186.95 and its 200 day moving average is $160.75. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. Brinker International has a one year low of $100.30 and a one year high of $253.71.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company's revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, equities analysts predict that Brinker International will post 13.19 EPS for the current fiscal year.

Institutional Trading of Brinker International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new position in Brinker International in the 3rd quarter worth about $25,000. Transamerica Financial Advisors LLC raised its holdings in Brinker International by 570.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator's stock worth $26,000 after buying an additional 154 shares during the last quarter. Allworth Financial LP raised its holdings in Brinker International by 58.5% in the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator's stock worth $28,000 after buying an additional 83 shares during the last quarter. Kilter Group LLC bought a new position in shares of Brinker International in the second quarter worth approximately $35,000. Finally, Salomon & Ludwin LLC lifted its stake in shares of Brinker International by 45.1% in the fourth quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator's stock worth $45,000 after buying an additional 93 shares in the last quarter.

About Brinker International

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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