Streetbeat News

EAT

Brinker International, Inc.

Industry

Restaurants

Brinker International, Inc., together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. The company operates in two segments, Chili's and Maggiano's. As of June 30, 2021, it owned, operated, or franchised 1,648 restaurants comprising 1,594 restaurants under the Chili's Grill & Bar name and 54 restaurants under the Maggiano's Little Italy brand name. The company was founded in 1975 and is headquartered in Dallas, Texas.

Open

117.60

Mkt cap

5.2B

Volume

910K

High

117.60

P/E Ratio

28.79

52-wk high

123.66

Low

114.98

Div yield

N/A

52-wk low

34.77

Barclays analyst Jeffrey Bernstein has maintained an Equal-Weight rating on Brinker International (NYSE:EAT) and increased the price target from $36 to $39.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:25 pm

Brinker International (NYSE:EAT) has received 11 analyst ratings in the last quarter, with an average price target of $38.45, which is slightly below its current price of $38.53, indicating a marginal downside. The average price target has increased by 1.18% from the previous target of $38.00. The ratings consist of 4 bullish and 7 indifferent, with no bearish or somewhat bearish ratings. Analysts' ratings are based on company data, financial statements, and insider information.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 4:00 pm

Raymond James analyst Brian Vaccaro has reaffirmed a Strong Buy rating on Brinker International (NYSE:EAT) and increased the price target from $42 to $45.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 2:13 pm

Brinker International (NYSE:EAT), owner of Chili's Grill & Bar, reported a 5.8% increase in comparable sales year-over-year for Q1, with revenue of $1.012 billion. Chili's, known for its margaritas, would rank as the third-largest buyer of tequila if it were a country. The company's focus on 'core four' items, including margaritas, is part of its strategy to return to the basics of casual dining. Brinker projects FY2024 revenue of $4.27 to $4.35 billion and EPS of $3.35 to $3.65.

Portfolio Pulse from Chris Katje

November 10, 2023 | 2:23 pm

BMO Capital Markets analyst Andrew Strelzik reiterated the Market Perform rating on Bloomin' Brands, Inc. (NASDAQ:BLMN), lowering the price target to $24 from $25. The company reported Q3 FY23 sales growth of 2.3% YoY to $1.079 billion, missing the analyst consensus estimate of $1.085 billion. The analyst remains on the sidelines on BLMN shares due to concerns about the macro environment and potential for a softer spending environment. The analyst also mentioned Brinker International, Inc. (NYSE:EAT) and Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) as preferred near-term opportunities in Restaurants.

Portfolio Pulse from Nabaparna Bhattacharya

November 08, 2023 | 8:18 pm

RBC Capital analyst Christopher Carril maintains a 'Sector Perform' rating on Brinker International (NYSE:EAT) and raises the price target from $38 to $40.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:29 pm

Brinker International Inc (NYSE:EAT) reported Q1 revenues of $1.012 billion, slightly above the consensus of $1.010 billion. Adjusted EPS of $0.28 surpassed estimates of $0.06. The company reaffirmed its FY24 sales outlook of $4.27 billion-$4.35 billion and raised its adjusted EPS to $3.35-$3.65. Following the earnings announcement, several analysts, including those from Wedbush, Barclays, Morgan Stanley, and Raymond James, raised their price targets on Brinker.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 5:02 pm

Raymond James has maintained its Strong Buy rating for Brinker International (NYSE:EAT) and increased its price target from $40.00 to $42.00. Brinker International's shares are currently trading up 3.54% at $35.70 per share. A move to $42.00 would represent a 17.65% increase from the current share price.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 5:00 pm

Raymond James analyst Brian Vaccaro has maintained a Strong Buy rating on Brinker International (NYSE:EAT) and raised the price target from $40 to $42.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:08 pm

Morgan Stanley analyst John Glass has maintained an Equal-Weight rating on Brinker International (NYSE:EAT) and raised the price target from $33 to $36.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:07 pm

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