Brinker International (EAT) – Research Analysts’ Weekly Ratings Changes

Posted by Eileen French on Nov 14th, 2024

Several brokerages have updated their recommendations and price targets on shares of Brinker International (NYSE: EAT) in the last few weeks:

11/4/2024 – Brinker International had its price target raised by analysts at Piper Sandler from $62.00 to $97.00. They now have a “neutral” rating on the stock.
11/4/2024 – Brinker International had its price target raised by analysts at Stifel Nicolaus from $110.00 to $120.00. They now have a “buy” rating on the stock.
10/31/2024 – Brinker International had its price target raised by analysts at Wells Fargo & Company from $85.00 to $95.00. They now have an “underweight” rating on the stock.
10/31/2024 – Brinker International had its price target raised by analysts at KeyCorp from $100.00 to $115.00. They now have an “overweight” rating on the stock.
10/31/2024 – Brinker International had its price target raised by analysts at Citigroup Inc. from $83.00 to $110.00. They now have a “neutral” rating on the stock.
10/31/2024 – Brinker International had its price target raised by analysts at Bank of America Co. from $97.00 to $110.00. They now have a “neutral” rating on the stock.
10/31/2024 – Brinker International was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $100.00 price target on the stock, up previously from $67.00.
10/31/2024 – Brinker International was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $105.00 price target on the stock, up previously from $80.00.
10/31/2024 – Brinker International had its price target raised by analysts at Barclays PLC from $76.00 to $95.00. They now have an “equal weight” rating on the stock.
10/29/2024 – Brinker International had its price target raised by analysts at Bank Of America (Bofa) from $94.00 to $97.00.
10/22/2024 – Brinker International had its price target raised by analysts at Barclays PLC from $66.00 to $76.00. They now have an “equal weight” rating on the stock.
10/21/2024 – Brinker International had its price target raised by analysts at Wells Fargo & Company from $50.00 to $85.00. They now have an “underweight” rating on the stock.
10/21/2024 – Brinker International had its price target raised by analysts at Bank of America Co. from $90.00 to $94.00. They now have a “neutral” rating on the stock.
10/18/2024 – Brinker International had its price target raised by analysts at KeyCorp from $72.00 to $100.00. They now have an “overweight” rating on the stock.
10/17/2024 – Brinker International had its price target raised by analysts at UBS Group AG from $70.00 to $94.00. They now have a “neutral” rating on the stock.
10/17/2024 – Brinker International was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
10/15/2024 – Brinker International had its price target raised by analysts at Evercore ISI from $69.00 to $90.00. They now have an “in-line” rating on the stock.
10/10/2024 – Brinker International was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “neutral” rating. They now have a $90.00 price target on the stock, up previously from $63.00.
10/8/2024 – Brinker International had its price target raised by analysts at Citigroup Inc. from $69.00 to $83.00. They now have a “neutral” rating on the stock.
10/1/2024 – Brinker International was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.

Brinker International Stock Performance

Shares of Brinker International stock traded down $0.61 on Thursday, hitting $118.04. 18,778 shares of the company’s stock were exchanged, compared to its average volume of 1,451,774. Brinker International, Inc. has a 1 year low of $34.77 and a 1 year high of $123.66. The company has a 50-day simple moving average of $88.12 and a 200-day simple moving average of $73.93. The stock has a market capitalization of $5.24 billion, a PE ratio of 28.79, a PEG ratio of 1.31 and a beta of 2.46. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32.

Brinker International (NYSE:EAT – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating the consensus estimate of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm earned $0.28 EPS. The company’s revenue was up 12.5% on a year-over-year basis. As a group, equities analysts anticipate that Brinker International, Inc. will post 5.53 EPS for the current year.

Insider Activity at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total value of $386,634.06. Following the sale, the chief financial officer now owns 23,071 shares in the company, valued at $2,376,774.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Brinker International

A number of hedge funds and other institutional investors have recently modified their holdings of EAT. Vanguard Group Inc. grew its stake in Brinker International by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock worth $275,004,000 after buying an additional 135,580 shares during the last quarter. Boston Partners increased its holdings in shares of Brinker International by 231.8% in the first quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock valued at $78,602,000 after purchasing an additional 1,106,046 shares during the period. Marshall Wace LLP raised its stake in shares of Brinker International by 13,850.1% in the second quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator’s stock worth $76,546,000 after purchasing an additional 1,049,836 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Brinker International by 31.7% during the second quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock worth $68,228,000 after purchasing an additional 227,047 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Brinker International by 4.3% during the third quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator’s stock worth $52,900,000 after purchasing an additional 28,373 shares during the period.

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.