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In a recent transaction, Prashant Ranade, a director at Brinker International, Inc. (NYSE:EAT), sold 5,700 shares of the company’s common stock. The shares were sold at an average price of $177.09 each, amounting to a total transaction value of approximately $1,009,413. Following this sale, Ranade holds 12,137 shares in the company. The timing of this sale comes as InvestingPro data shows the stock has delivered an impressive 288% return over the past year, with the company currently trading above its Fair Value.
Brinker International, based in Dallas, Texas, operates in the retail-eating places sector, with well-known brands such as Chili’s Grill & Bar under its umbrella. This transaction was reported in a Form 4 filing with the Securities and Exchange Commission, underscoring ongoing changes in insider holdings at the company.
In other recent news, Brinker International has been the subject of several analyst reports. Stifel raised its price target to $200, citing the company’s impressive financial results, including a 31% surge in Chili’s comparable store sales and a 180% year-over-year increase in earnings. BMO Capital Markets also adjusted its outlook, raising the price target from $125 to $150, following Brinker’s announcement of its second-quarter earnings for fiscal year 2025, which surpassed both the consensus estimate and BMO Capital’s own estimate.
BofA Securities increased the price target on Brinker to $195, highlighting the restaurant chain’s continued benefits from its turnaround efforts. JPMorgan also raised its price target to $160, noting the strong performance of the Chili’s brand in the second quarter of 2025 and the continued momentum into the third quarter. Lastly, Citi raised the price target on Brinker to $185, acknowledging the successful implementation of improved food quality, service, atmosphere, and marketing strategies at Brinker’s Chili’s restaurants.
These recent developments reflect the positive trend in Brinker’s performance, with each firm expressing confidence in the company’s ability to maintain its growth trajectory. However, some analysts have expressed caution regarding the sustainability of this growth, given the rapid pace of the company’s progress. It’s important to note that these are recent developments and the future expectations are based on the analysts’ projections.
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