Intel stock extends gains after report of possible U.S. government stake
Investing.com - Evercore ISI raised its price target on Brinker Int’l (NYSE:EAT) to $190.00 from $180.00 on Thursday, while maintaining an "In Line" rating on the restaurant operator’s stock. The company, currently trading at $157.38 with a market capitalization of $7 billion, has delivered an impressive 150% return over the past year. According to InvestingPro data, analysts’ price targets for Brinker range from $150 to $215.
The price target increase follows Brinker’s strong fourth-quarter same-store sales growth of approximately 24% for its Chili’s brand, demonstrating what Evercore ISI describes as a "remarkable turnaround" for the casual dining chain.
Evercore ISI cited improving customer satisfaction measures and upcoming same-store sales growth initiatives as additional factors supporting its more optimistic outlook for the company.
The research firm increased its earnings per share estimates for Brinker by 6%, with the new price target based on discounted cash flow analysis that translates to 16 times the firm’s fiscal year 2027 earnings per share estimate.
Evercore ISI noted potential for further upside to its target valuation, possibly approaching Darden Restaurants-level multiples near 20x, if Brinker can achieve mid-single-digit same-store sales growth beyond fiscal second quarter, launch a high-return on invested capital reimaging cycle, and accelerate unit growth from zero today to near 3%.
In other recent news, Brinker International reported its fourth-quarter financial results for 2025, which included an adjusted diluted earnings per share (EPS) of $2.49, surpassing analyst expectations of $2.44. The company’s revenue was in line with forecasts, reaching $1.44 billion. This marks the fifth consecutive quarter of double-digit same-store sales growth for Brinker, with operating margins reported at 10.6%, slightly above analyst expectations of 10.3-10.5%. Following these results, Goldman Sachs raised its price target for Brinker International to $207, maintaining a Buy rating on the stock. The investment firm noted that the earnings and revenue exceeded both its own and consensus expectations. These developments highlight Brinker’s ongoing financial performance and strategic initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.