Analysts Set Price Target for Brinker International, Inc. (NYSE:EAT) at $89.63

As of December 12, 2024, Brinker International, Inc. (NYSE:EAT) has garnered an average rating of "Hold" from a total of nineteen analysts tracking the company, according to MarketBeat.com. Among these analysts, two have classified the stock with a sell rating, thirteen have assigned a hold rating, and four have recommended a buy rating for the company. The consensus 12-month price target established by analysts who have published reports on this stock over the past year stands at $89.63.

Several analysts have shared their insights regarding Brinker International recently. Bank of America raised their price target from $97.00 to $110.00 while rating the stock as "neutral" in a report dated October 31st. The Goldman Sachs Group began coverage on the firm on December 5th, offering a "buy" rating alongside a more aggressive price target of $150.00. Furthermore, Stifel Nicolaus increased their price target from $110.00 to $120.00 while maintaining a "buy" rating in a report released on November 4th. On the other hand, Raymond James adjusted their rating, downgrading the stock from "outperform" to "market perform" as per a report on October 17th. Wedbush also reaffirmed a “neutral” rating but set a lower price target of $68.00 for the shares of Brinker International on August 15th.

Insider Trading Activities

Recent insider trading news includes a transaction by CFO Michaela M. Ware, who sold 3,753 shares of the company's stock on October 31st. The shares were sold at an average price of $103.02, amounting to a total of $386,634.06. After this transaction, the CFO holds 23,071 shares valued at approximately $2,376,774.42, reflecting a 13.99% decrease in their holdings. This transaction was publicly disclosed via a filing with the SEC, which can be accessed on their website. Additionally, company insiders currently own 1.72% of Brinker International's shares.

Institutional Investments

There has been notable activity from institutional investors and hedge funds in recent trading periods concerning Brinker International stock. CWM LLC has raised its stake by an impressive 96.2% during the second quarter, now owning 416 shares of the company valued at about $30,000 after acquiring an additional 204 shares. Signaturefd LLC also increased their holdings in the same quarter by 33.2%, owning 986 shares worth $71,000 after an additional purchase of 246 shares. Quest Partners LLC made a substantial jump, increasing its position in shares by 1,265.2% during the second quarter, holding a total of 1,884 shares valued at $136,000 after buying an extra 1,746 shares. Furthermore, Fifth Third Bancorp raised its stake by 1,111.8% in the second quarter, now owning 2,266 shares valued at about $164,000 after purchasing an additional 2,079 shares. Finally, nVerses Capital LLC has entered into the stock with a new position during this quarter worth approximately $166,000.

Performance of Brinker International Stock

As of the latest trading session, Brinker International's stock opened at $129.76. The company’s 50-day moving average price is $109.13, while the 200-day moving average price sits at $83.34. Its current debt-to-equity ratio is 63.54, with a current ratio of 0.32 and a quick ratio of 0.26. With a market capitalization of approximately $5.77 billion, the company has a price-to-earnings (P/E) ratio of 31.65 and a PEG ratio of 1.43. Additionally, Brinker International's beta is noted at 2.51. Over the past year, the stock has seen a low of $37.25 and a high of $133.82.

Brinker International most recently announced its quarterly earnings on October 30th. The company reported earnings per share (EPS) of $0.95 for the quarter, exceeding the consensus estimate of $0.69 by $0.26. The firm recorded a net margin of 4.11% and a notably negative return on equity of 839.19%. Revenue for the quarter was reported at $1.14 billion, surpassing the consensus estimate of $1.10 billion, marking a 12.5% increase compared to the same quarter last year. Furthermore, analysts predict that Brinker International will deliver an EPS of 5.52 for the current fiscal year.

Company Overview

Brinker International, Inc., alongside its subsidiaries, is engaged in owning, developing, operating, and franchising casual dining restaurants both within the United States and internationally. Its notable brands include Chili's Grill & Bar and Maggiano's Little Italy.

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