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

Shares of Brinker International, Inc. (NYSE:EAT) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $220.69 and last traded at $222.64, with a volume of 79953 shares traded. The stock had previously closed at $213.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EAT shares. Wells Fargo & Company lifted their target price on shares of Brinker International from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Stephens initiated coverage on Brinker International in a report on Friday, July 17th. They set an “overweight” rating and a $220.00 price target on the stock. TD Cowen raised their price target on Brinker International from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Weiss Ratings raised Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. Finally, KeyCorp upped their price objective on Brinker International from $177.00 to $204.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $193.25.

Brinker International Stock Performance

The business’s fifty day moving average is $172.44 and its 200-day moving average is $156.80. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. The company has a market cap of $9.35 billion, a PE ratio of 21.37, a P/E/G ratio of 1.34 and a beta of 1.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Brinker International in the 3rd quarter worth $25,000. Transamerica Financial Advisors LLC raised its holdings in Brinker International by 570.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 154 shares during the period. Allworth Financial LP lifted its position in Brinker International by 58.5% during the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 83 shares in the last quarter. Salomon & Ludwin LLC lifted its position in Brinker International by 45.1% during the fourth 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, First Horizon Corp grew its holdings in Brinker International by 116.0% during the fourth quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 181 shares during the period.

About Brinker International

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.