Barclays has revised its price target for Brinker International (EAT, Financial), reducing it from $190 to $165. The financial institution maintains an Equal Weight rating on the shares as part of its first-quarter forecast for the restaurant sector.
The beginning of the first quarter presented challenges for Brinker, with adverse weather affecting comparable store sales. Although there was some recovery in March, Barclays notes that this rebound was not sufficient to signal a complete turnaround, pointing to an underlying softening in consumer spending habits.
While restaurants generally face limited exposure to tariffs affecting supply chains, the analyst highlights ongoing concerns about a potential decline in consumer demand, which may impact overall performance. Investors are advised to consider these dynamics moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Brinker International Inc (EAT, Financial) is $175.25 with a high estimate of $215.00 and a low estimate of $147.00. The average target implies an upside of 17.10% from the current price of $149.66. More detailed estimate data can be found on the Brinker International Inc (EAT) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Brinker International Inc's (EAT, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Brinker International Inc (EAT, Financial) in one year is $52.04, suggesting a downside of 65.23% from the current price of $149.66. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Brinker International Inc (EAT) Summary page.
