Brinker upgraded by KeyBanc Capital Markets with a new price target
$EAT
Restaurants
Consumer Discretionary
KeyBanc Capital Markets upgraded Brinker from Sector Weight to Overweight and set a new price target of $72.00
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/1/2024 | Buy → Hold | Argus | |
| 8/15/2024 | $72.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 7/8/2024 | $62.00 → $82.50 | Strong Buy → Outperform | Raymond James |
| 5/21/2024 | $72.00 | Hold → Buy | Argus |
| 1/16/2024 | $36.00 | Equal-Weight → Underweight | Morgan Stanley |
| 1/16/2024 | $48.00 | Hold → Buy | Gordon Haskett |
| 10/18/2023 | $45.00 → $40.00 | Outperform → Strong Buy | Raymond James |
| 9/29/2023 | $38.00 → $45.00 | Hold → Buy | Stifel |
DALLAS, Aug. 14, 2024 /PRNewswire/ -- Brinker International, Inc. (NYSE:EAT) today announced financial results for the fourth quarter ended June 26, 2024, and provided financial guidance for fiscal 2025. Fourth Quarter Fiscal 2024 Financial Highlights Company sales were $1,196.5 million in the fourth quarter of fiscal 2024 compared to $1,064.8 million in the fourth quarter of fiscal 2023. Comparable restaurant sales increased 13.5%, with an increase in comparable restaurant sales of 14.8% for Chili's and 2.5% for Maggiano's. The comparable restaurant sales increase at Chili's
DALLAS, July 22, 2024 /PRNewswire/ -- Brinker International, Inc. (NYSE:EAT) has scheduled its earnings conference call at 10 a.m. Eastern Time on Wednesday, August 14, 2024, to review fourth quarter fiscal 2024 earnings, which will be announced before the market opens on August 14, 2024. The company may also provide other business updates. The live audio webcast can be accessed through Brinker's investor relations website at https://investors.brinker.com/events/event-details/q4-2024-brinker-international-earnings-conference-call. A replay of the conference call will be availa
DALLAS, April 30, 2024 /PRNewswire/ -- Brinker International, Inc. (NYSE:EAT) today reported financial results for the third quarter ended March 27, 2024. Third Quarter Fiscal 2024 Financial Highlights Company sales were $1,108.9 million in the third quarter of fiscal 2024 compared to $1,072.9 million in the third quarter of fiscal 2023. Comparable restaurant sales increased 3.3%, with an increase in comparable restaurant sales of 3.5% for Chili's and 1.7% for Maggiano's. The comparable restaurant sales increase at Chili's was primarily due to increased menu pricing and favora
New appetizer, entree and dessert innovations mark the latest enhancements to the brand's in-restaurant offerings DALLAS, Sept. 19, 2024 /PRNewswire/ -- Maggiano's Little Italy takes a bold step in its culinary evolution by appointing Michelin-starred Chef Anthony Amoroso as its first-ever Vice President of Innovation and Growth. With his seasoned expertise and visionary leadership, Maggiano's unveils eight new Italian-American classics, including appetizers, entrées and desserts, designed to captivate both longtime guests and newcomers alike. This all layers into Maggiano's commitment to providing guests with unforgettable experiences while blending tradition with fresh, innovative flavors
To highlight the incredible value and abundance of the latest expansion of the 3 For Me ® offering, Chili's has challenged professional eater, Joey Chestnut, to take down a 3 For Lunch™ Combo – and if he doesn't win, Chili's guests do! DALLAS, Sept. 17, 2024 /PRNewswire/ -- Chili's® Grill & Bar wants you to skip the drive-thru – and the sad fast food lunches – with the introduction of its new 3 For Lunch Combos. During the week (Monday-Friday) from 11 a.m. to 3 p.m. local time (at participating locations), guests can enjoy real value with 11 available options in the new 3 For Lunch Combos, featuring bottomless chips and salsa, choice of entrée and a bottomless non-alcoholic drink, all star
Chili's Create-A-Pepper Program, which has aided in raising over $110 million to date, returns to raise funds and awareness for the treatment, research and care of St. Jude patients throughout September DALLAS, Sept. 3, 2024 /PRNewswire/ -- Today, Chili's® Grill & Bar announces the return of its longstanding Create-A-Pepper program – continuing its partnership of over two decades with St. Jude Children's Research Hospital®. This month, in support of Childhood Cancer Awareness Month, guests can visit their local Chili's to purchase a Create-A-Pepper coloring sheet where 100% of the proceeds will go to St. Jude, supporting its mission of advancing treatment and research for cancer and other li
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Argus downgraded Brinker from Buy to Hold
KeyBanc Capital Markets upgraded Brinker from Sector Weight to Overweight and set a new price target of $72.00
Raymond James downgraded Brinker from Strong Buy to Outperform and set a new price target of $82.50 from $62.00 previously
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DALLAS, July 8, 2024 /PRNewswire/ -- Brinker International, Inc. (NYSE:EAT), one of the world's leading casual dining restaurant companies and home of Chili's® Grill & Bar and Maggiano's Little Italy®, today announced the appointment of Frank Liberio to its Board of Directors. Liberio is an experienced technology leader in the restaurant industry and most recently served as executive vice president and global chief information officer for Restaurant Brands International. Prior to RBI, he worked at the McDonald's Corporation for more than 16 years, serving in various leadership
This summer, guests can take out their frustrations over rising fast-food prices with new Chili's Big Smasher BurgerTime video game DALLAS, June 25, 2024 /PRNewswire/ -- Chili's® Grill & Bar is introducing a refreshed version of the cult-classic BurgerTime©** arcade game: Chili's Big Smasher BurgerTime, giving fans the chance to tackle fast-food villains and win free burgers for LIFE*. In the restaurant brand's first video game, art imitates life as players are challenged to save humanity from the overpriced fast-food burger. Fans play as Joe ChiliHead, with the goal to build as many Big Smasher Burgers as they can while fending off fast-food villains and advancing through six levels for mou
Chief Financial Officer Joe Taylor to Retire at the End of Fiscal 2024 Mika Ware to Succeed as Chief Financial Officer in Fiscal 2025 Chris Caldwell Appointed Chief Information Officer DALLAS, Feb. 26, 2024 /PRNewswire/ -- Brinker International Inc. (NYSE:EAT) today announced updates to its executive leadership team, including the retirement of Joe Taylor, EVP and Chief Financial Officer, the appointment of Mika Ware as SVP and Chief Financial Officer, effective June 27, 2024, and the appointment of Chris Caldwell as SVP and Chief Information Officer, effective Feb. 26, 2024.
B of A Securities analyst Katherine Griffin maintains Brinker International (NYSE:EAT) with a Underperform and raises the price target from $51 to $58.
Morgan Stanley analyst John Glass maintains Brinker International (NYSE:EAT) with a Underweight and raises the price target from $42 to $50.
Brinker International's (NYSE:EAT) short percent of float has fallen 9.15% since its last report. The company recently reported that it has 7.16 million shares sold short, which is 28.68% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.68 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short