Brinker International (NYSE:EAT) Issues FY 2026 Earnings Guidance

Key Points

• Brinker International updated its FY 2026 earnings guidance, projecting earnings per share between $9.900 and $10.50, and revenues between $5.6 billion and $5.7 billion, both figures exceeding consensus estimates.
• Several brokerages have raised their price targets for Brinker International, with Stifel Nicolaus upgrading it to $215.00 and others maintaining a mostly "neutral" rating.
• A significant insider transaction occurred as Director Joseph Michael Depinto sold 10,000 shares of Brinker at an average price of $170.36, reflecting a 9.15% decrease in his ownership.

Brinker International (NYSE:EAT - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 9.900-10.50 for the period, compared to the consensus estimate of 8.836. The company issued revenue guidance of $5.6 billion-$5.7 billion, compared to the consensus revenue estimate of $5.4 billion.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EAT. JPMorgan Chase & Co. upped their price target on Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. UBS Group upped their price target on Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Thursday. Bank of America upped their price target on Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday. Wells Fargo & Company upped their price target on Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus upped their target price on Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $171.41.

Brinker International Price Performance

Shares of EAT stock traded up $0.45 during trading hours on Thursday, reaching $157.83. The company's stock had a trading volume of 1,812,302 shares, compared to its average volume of 1,407,687. The firm's 50 day simple moving average is $168.26 and its 200-day simple moving average is $158.40. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 0.36 and a beta of 1.68. Brinker International has a fifty-two week low of $65.26 and a fifty-two week high of $192.21. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.15.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $1.61 EPS. The company's revenue was up 21.0% compared to the same quarter last year. Sell-side analysts forecast that Brinker International will post 8.3 earnings per share for the current year.

Insider Transactions at Brinker International

In other Brinker International news, Director Joseph Michael Depinto sold 10,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the completion of the sale, the director directly owned 99,297 shares in the company, valued at approximately $16,916,236.92. This trade represents a 9.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Brinker International

A number of large investors have recently bought and sold shares of EAT. Canada Pension Plan Investment Board grew its stake in shares of Brinker International by 23.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 119,300 shares of the restaurant operator's stock valued at $21,513,000 after buying an additional 22,900 shares during the period. Raymond James Financial Inc. grew its stake in shares of Brinker International by 10.7% in the 2nd quarter. Raymond James Financial Inc. now owns 101,892 shares of the restaurant operator's stock valued at $18,374,000 after buying an additional 9,810 shares during the period. Alliancebernstein L.P. grew its stake in shares of Brinker International by 13.7% in the 2nd quarter. Alliancebernstein L.P. now owns 87,360 shares of the restaurant operator's stock valued at $15,754,000 after buying an additional 10,535 shares during the period. California Public Employees Retirement System grew its stake in shares of Brinker International by 28.3% in the 2nd quarter. California Public Employees Retirement System now owns 84,474 shares of the restaurant operator's stock valued at $15,233,000 after buying an additional 18,627 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Brinker International by 1.9% in the 2nd quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator's stock valued at $9,422,000 after buying an additional 978 shares during the period.

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.