TD Cowen Cuts Brinker International (NYSE:EAT) Price Target to $188.00

Brinker International (NYSE:EAT) had its price target lowered by TD Cowen from $192.00 to $188.00 in a research report report published on Wednesday,Benzinga reports. TD Cowen currently has a buy rating on the restaurant operator’s stock.

Several other research analysts have also weighed in on EAT. Wells Fargo & Company increased their target price on shares of Brinker International from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of Brinker International from $187.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Barclays increased their target price on shares of Brinker International from $166.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. Wolfe Research initiated coverage on shares of Brinker International in a research note on Monday, March 9th. They issued an “outperform” rating and a $184.00 price objective for the company. Finally, Morgan Stanley raised their price objective on shares of Brinker International from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Brinker International currently has an average rating of “Moderate Buy” and a consensus target price of $185.68.

Brinker International Trading Up 4.7%

Shares of EAT stock opened at $158.22 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.36 and a quick ratio of 0.31. The firm has a market cap of $6.89 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 1.07 and a beta of 1.34. The company has a 50-day moving average of $148.34 and a two-hundred day moving average of $142.64. Brinker International has a 1-year low of $100.30 and a 1-year high of $187.12.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, January 28th. The restaurant operator reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.34. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. Brinker International had a net margin of 7.98% and a return on equity of 134.92%. Brinker International’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.80 earnings per share. Brinker International has set its FY 2026 guidance at 1.045-10.850 EPS. On average, analysts predict that Brinker International will post 8.3 EPS for the current year.

Insiders Place Their Bets

In other news, Director Harriet Edelman sold 8,400 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $159.00, for a total value of $1,335,600.00. Following the completion of the transaction, the director owned 21,004 shares of the company’s stock, valued at approximately $3,339,636. This trade represents a 28.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO George S. Felix sold 10,431 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $161.00, for a total transaction of $1,679,391.00. Following the completion of the transaction, the chief marketing officer directly owned 8,064 shares of the company’s stock, valued at approximately $1,298,304. The trade was a 56.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 97,678 shares of company stock valued at $15,700,372. 1.43% of the stock is owned by company insiders.

Institutional Trading of Brinker International

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Brinker International by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock valued at $691,680,000 after acquiring an additional 73,346 shares in the last quarter. UBS Group AG raised its holdings in Brinker International by 103.2% in the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock valued at $427,066,000 after acquiring an additional 1,511,266 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Brinker International by 27.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock valued at $176,542,000 after acquiring an additional 301,912 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in Brinker International by 667.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after acquiring an additional 993,435 shares in the last quarter. Finally, Capital World Investors raised its holdings in Brinker International by 96.5% in the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after acquiring an additional 558,799 shares in 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.