Brinker International (NYSE:EAT) Sets New 12-Month High – Should You Buy?

Brinker International, Inc. (NYSE:EAT) hit a new 52-week high during trading on Monday . The company traded as high as $254.51 and last traded at $253.6750, with a volume of 433615 shares changing hands. The stock had previously closed at $246.06.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EAT. Citigroup lifted their target price on Brinker International from $227.00 to $282.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Piper Sandler raised their price target on shares of Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Northcoast Research cut shares of Brinker International from a “buy” rating to a “neutral” rating in a research note on Friday, August 14th. Weiss Ratings raised shares of Brinker International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Robert W. Baird assumed coverage on shares of Brinker International in a report on Monday. They set an “outperform” rating and a $325.00 target price on the stock. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Brinker International currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.19.

Brinker International Trading Up 3.5%

The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 1.27 and a beta of 1.24. The firm has a fifty day moving average price of $195.50 and a 200-day moving average price of $163.53.

Brinker International (NYSE:EAT) last posted its quarterly 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 net margin of 8.39% and a return on equity of 122.35%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the firm earned $2.30 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, equities analysts anticipate that Brinker International, Inc. will post 13.24 EPS for the current year.

Insider Buying and Selling

In other news, EVP George S. Felix sold 14,349 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $237.47, for a total transaction of $3,407,457.03. Following the completion of the sale, the executive vice president owned 6,293 shares of the company’s stock, valued at approximately $1,494,398.71. This represents a 69.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Daniel S. Fuller sold 9,960 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $243.43, for a total transaction of $2,424,562.80. Following the sale, the senior vice president owned 32,086 shares in the company, valued at $7,810,694.98. This represents a 23.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 133,105 shares of company stock worth $32,070,729. 1.43% of the stock is owned by company insiders.

Institutional Investors Weigh In On Brinker International

A number of large investors have recently modified their holdings of EAT. Caitong International Asset Management Co. Ltd acquired a new position in shares of Brinker International during the 3rd quarter worth $25,000. Transamerica Financial Advisors LLC lifted its position in shares of Brinker International by 570.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after buying an additional 154 shares during the last quarter. Allworth Financial LP boosted its stake in Brinker International by 58.5% in the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 83 shares in the last quarter. Kilter Group LLC acquired a new stake in Brinker International in the second quarter valued at about $35,000. Finally, Global Retirement Partners LLC grew its position in Brinker International by 1,233.3% in the fourth quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 333 shares during 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.