Brinker International (NYSE:EAT) Reaches New 52-Week High – Here’s Why

Brinker International, Inc. (NYSE:EAT) hit a new 52-week high on Tuesday . The stock traded as high as $180.97 and last traded at $180.5460, with a volume of 30696 shares changing hands. The stock had previously closed at $176.28.

Wall Street Analysts Forecast Growth

EAT has been the subject of a number of analyst reports. Weiss Ratings raised shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. Barclays upped their price target on Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on Brinker International from $187.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Zacks Research cut Brinker International from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Finally, KeyCorp raised Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 target price for the company in a research note on Thursday, April 2nd. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brinker International currently has an average rating of “Moderate Buy” and a consensus price target of $185.11.

Brinker International Trading Up 0.0%

The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 1.09 and a beta of 1.24. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.40 and a quick ratio of 0.35. The business has a 50-day moving average of $150.72 and a 200-day moving average of $151.16.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, beating the consensus estimate of $2.85 by $0.05. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.66 earnings per share. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. Research analysts anticipate that Brinker International, Inc. will post 10.75 EPS for the current year.

Hedge Funds Weigh In On Brinker International

A number of institutional investors have recently added to or reduced their stakes in EAT. Vanguard Group Inc. raised its position in Brinker International by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock worth $691,680,000 after acquiring an additional 73,346 shares in the last quarter. UBS Group AG grew its position in shares of Brinker International by 103.2% in the 4th 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 during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Brinker International by 27.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock worth $176,542,000 after purchasing an additional 301,912 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Brinker International by 667.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after purchasing an additional 993,435 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of Brinker International by 96.5% in the 4th quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after purchasing an additional 558,799 shares during the period.

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.