Streetbeat News

EAT

Brinker International, Inc.

https://brinker.com

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

116.00

Mkt cap

4.9B

Volume

1.4M

High

116.53

P/E Ratio

27.07

52-wk high

119.42

Low

110.63

Div yield

N/A

52-wk low

33.24

Evercore ISI Group analyst David Palmer maintains an In-Line rating on Brinker International (NYSE:EAT) and raises the price target from $48 to $50.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:18 pm

Jefferies analyst Alexander Slagle maintains a Hold rating on Brinker International (NYSE:EAT) and raises the price target from $47 to $48.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:45 pm

California's new law mandates a $20 minimum wage for fast-food employees at chains with at least 60 locations nationwide, affecting major companies like McDonald's, Starbucks, and Yum! Brands. Since the law's implementation on April 1, many of these companies have seen their stock values drop. Some are considering cutting hours and raising prices, while others explore automation to offset increased labor costs. Casual dining restaurants could benefit from this shift if they manage to maintain their pricing.

Portfolio Pulse from Natan Ponieman

April 15, 2024 | 9:12 pm

Morgan Stanley analyst John Glass maintains an Underweight rating on Brinker International (NYSE:EAT) and raises the price target from $36 to $39.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:21 pm

Stifel analyst Chris O'Cull has maintained a Buy rating on Brinker International (NYSE:EAT) and increased the price target from $50 to $55, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:51 pm

JP Morgan analyst John Pitzer maintains an Overweight rating on Brinker International (NYSE:EAT) and raises the price target from $44 to $48.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:23 am

Today's whale activity in the consumer discretionary sector shows significant options trading across various stocks, indicating potential trading opportunities. Notable bearish sentiment is observed in TSLA, ULTA, CVNA, SHAK, DASH, and EAT call options, while JD and ETSY put options exhibit bullish sentiment. ABNB call options also show bullish sentiment, contrasting with the bearish trend in other stocks.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:35 pm

Brinker International announced the retirement of CFO Joe Taylor at the end of Fiscal 2024. Mika Ware will succeed him as CFO from June 27, 2024. Additionally, Chris Caldwell has been appointed as SVP and Chief Information Officer, effective Feb. 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:22 pm

In Thursday's after-market session, several consumer discretionary stocks showed significant movement. Coursera, Express, Deckers Outdoor, and Amazon.com were among the gainers, with their stocks rising due to recent earnings reports. Conversely, Columbia Sportswear, Skechers USA, Brinker International, Beazer Homes USA, Aterian, and Envirotech Vehicles were among the losers, primarily due to their latest earnings releases.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 9:31 pm

BMO Capital has reaffirmed its Outperform rating on Brinker International (NYSE:EAT), raising its price target from $52.00 to $55.00. Brinker's shares have risen 1.19% in the last 24 hours to $43.30. The new target suggests a potential 27.02% increase. Brinker operates Chili's and Maggiano's Little Italy, with Chili's being the major revenue contributor.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 5:00 pm

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