Wells Fargo & Company Issues Positive Forecast for Brinker International (NYSE:EAT) Stock Price

by · The Markets Daily

Brinker International (NYSE:EAT – Get Free Report) had its price target upped by research analysts at Wells Fargo & Company from $200.00 to $220.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price target points to a potential upside of 18.92% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Brinker International from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. TD Cowen lowered their price objective on shares of Brinker International from $188.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Morgan Stanley upped their target price on shares of Brinker International from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. KeyCorp raised their target price on shares of Brinker International from $177.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Barclays lifted their price target on shares of Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.58.

Check Out Our Latest Stock Report on Brinker International

Brinker International Trading Up 3.6%

Shares of EAT stock traded up $6.35 on Thursday, reaching $184.99. 115,106 shares of the company’s stock were exchanged, compared to its average volume of 1,162,644. The company’s fifty day simple moving average is $154.66 and its 200 day simple moving average is $152.33. Brinker International has a 52 week low of $100.30 and a 52 week high of $192.20. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $7.93 billion, a PE ratio of 18.13, a P/E/G ratio of 1.15 and a beta of 1.24.

Brinker International (NYSE:EAT – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, beating the consensus estimate of $2.85 by $0.05. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $2.66 EPS. Brinker International’s quarterly revenue was up 3.2% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. As a group, analysts forecast that Brinker International will post 10.75 EPS for the current year.

Institutional Trading of Brinker International

Several hedge funds have recently modified their holdings of EAT. Transamerica Financial Advisors LLC increased its position in shares of Brinker International by 570.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brinker International in the third quarter worth $25,000. Allworth Financial LP raised its stake in shares of Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 83 shares during the last quarter. Salomon & Ludwin LLC increased its holdings in shares of Brinker International by 45.1% during the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 93 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of Brinker International by 33,000.0% in the second quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock worth $56,000 after acquiring an additional 330 shares during the period.

Brinker International Company Profile

(Get Free Report)

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.

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