DA Davidson Has Lowered Expectations for Brinker International (NYSE:EAT) Stock Price

Brinker International (NYSE:EAT) had its price target reduced by analysts at DA Davidson from $240.00 to $210.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. DA Davidson’s price objective indicates a potential upside of 1.49% from the stock’s current price.

Several other equities research analysts also recently weighed in on EAT. Robert W. Baird initiated coverage on Brinker International in a report on Monday, August 24th. They issued an “outperform” rating and a $325.00 price objective for the company. Stephens reaffirmed an “overweight” rating and issued a $300.00 target price on shares of Brinker International in a report on Friday, September 18th. Piper Sandler upped their price target on shares of Brinker International from $166.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. Bank of America increased their price target on shares of Brinker International from $224.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Seaport Research Partners assumed coverage on shares of Brinker International in a research report on Wednesday, September 16th. They set a “buy” rating and a $230.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Brinker International currently has an average rating of “Moderate Buy” and a consensus price target of $243.38.

Brinker International Stock Performance

Shares of EAT stock opened at $206.91 on Monday. The stock’s 50-day moving average is $217.85 and its two-hundred day moving average is $173.97. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 1.05 and a beta of 1.25. Brinker International has a 1 year low of $100.30 and a 1 year high of $254.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm posted $2.30 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Analysts predict that Brinker International will post 13 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP George S. Felix sold 14,349 shares of Brinker International stock in a transaction on Friday, August 14th. The shares were sold at an average price of $237.47, for a total value of $3,407,457.03. Following the transaction, the executive vice president directly owned 6,293 shares in the company, valued at $1,494,398.71. This trade represents a 69.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP James M. Butler sold 10,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $240.37, for a total transaction of $2,403,700.00. Following the completion of the transaction, the senior vice president directly owned 9,064 shares in the company, valued at $2,178,713.68. This represents a 52.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 173,694 shares of company stock valued at $41,568,690. 1.43% of the stock is owned by company insiders.

Institutional Trading of Brinker International

Several hedge funds and other institutional investors have recently made changes to their positions in EAT. New Age Alpha Advisors LLC grew its holdings in Brinker International by 4.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 2,047 shares of the restaurant operator’s stock worth $294,000 after acquiring an additional 94 shares during the period. Smith Group Asset Management LLC lifted its holdings in Brinker International by 0.5% in the 2nd quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator’s stock valued at $3,472,000 after acquiring an additional 104 shares during the last quarter. Allworth Financial LP lifted its holdings in Brinker International by 49.3% in the 4th quarter. Allworth Financial LP now owns 336 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 111 shares during the last quarter. Lido Advisors LLC boosted its position in shares of Brinker International by 1.3% during the 4th quarter. Lido Advisors LLC now owns 14,289 shares of the restaurant operator’s stock valued at $2,051,000 after purchasing an additional 186 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of Brinker International by 9.5% during the 2nd quarter. Vontobel Holding Ltd. now owns 2,147 shares of the restaurant operator’s stock valued at $361,000 after purchasing an additional 186 shares in the last quarter.

Trending Headlines about Brinker International

Here are the key news stories impacting Brinker International this week:

• Positive Sentiment: Northcoast upgrade boosts sentiment: Northcoast Research cited a more favorable outlook for Brinker and raised its rating to Buy. The higher price target suggests the firm sees room for continued gains. Northcoast Research upgrades Brinker International to buy from neutral
• Positive Sentiment: Chili’s growth strategy remains a supporting factor: Brinker is targeting its next growth phase through strong average unit volumes, sustained traffic gains, value-focused investments, operational improvements, menu innovation and restaurant remodels. Can Brinker Turn Chili’s $5M AUV Into Its Next Growth Engine?
• Neutral Sentiment: Increased investor attention: Brinker has been heavily searched by investors, while comparisons with Cheesecake Factory highlight differing restaurant growth strategies rather than a new company-specific development. Investors Heavily Search Brinker International
• Negative Sentiment: Some analyst caution remains: DA Davidson recently lowered its price target from $240 to $210 and maintained a Neutral rating, indicating limited near-term valuation upside from that firm’s perspective. Brinker International Price Target Lowered at DA Davidson

Brinker International Company Profile

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining restaurants. Its portfolio includes Chili’s Grill & Bar, a full-service restaurant brand known for burgers, fajitas, ribs, steaks, Tex-Mex dishes and a broad beverage menu, and Maggiano’s Little Italy, which specializes in Italian-American cuisine and family-style dining.

Chili’s restaurants serve a wide range of lunch and dinner offerings in a casual, bar-and-grill setting, while Maggiano’s locations offer traditional Italian dishes, including pasta, chicken, seafood and desserts.