- Piper Sandler adjusted its rating for NYSE:EAT to Neutral and raised the price target from $155 to $168.
- Brinker International reported a 21.3% growth in same-store sales, with overall revenue increasing by 20% to $1.46 billion.
- Despite recent gains, EAT stock remains down over the last five days, indicating investor caution.
Brinker International Inc. (NYSE: EAT) is a well-known player in the casual dining industry, operating popular restaurant chains like Chili’s and Maggiano’s. On August 14, 2025, Piper Sandler adjusted its rating for EAT to Neutral, maintaining a hold action. At that time, the stock price was $155.72. Piper Sandler also raised the price target for Brinker from $155 to $168, indicating a positive outlook.
Brinker’s recent performance has been impressive, with its stock price climbing over 2.5% on strong trading volume. This surge followed the release of a robust second-quarter earnings report. The company reported a 21.3% growth in same-store sales for its Chili’s and Maggiano’s chains, contributing to an overall revenue of $1.46 billion, a 20% increase from the previous year.
Despite this positive performance, EAT stock remains down over the last five days. This suggests that investors may have perceived the pre-earnings sell-off as excessive. However, they might require further evidence before confirming a new upward trend. The stock is currently priced at $158.19, reflecting an increase of 0.81, or 0.51%.
Brinker’s market capitalization stands at approximately $7.03 billion, with a trading volume of 324,773 shares on the NYSE. Over the past year, EAT has reached a high of $192.22 and a low of $65.26. While the earnings report indicates that consumers are still dining out, Brinker projects only a modest gain in same-store sales moving forward.
