TD Cowen Reiterates Buy on Brinker International, Maintains $270 Price Target
TD Cowen analyst Andrew M. Charles reiterates Brinker International (NYSE:EAT) with a Buy and maintains $270 price target.
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Stephens & Co. analyst Jim Salera reiterates Brinker International (NYSE:EAT) with a Overweight and maintains $300 price target.
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TD Cowen analyst Andrew M. Charles reiterates Brinker International (NYSE:EAT) with a Buy and maintains $270 price target.
Brinker International (EAT) has transformed into an efficiency-focused restaurant operator with strong operational execution. The company achieved 8% revenue growth in fiscal 2026, expanded operating margins to 11%, and is allocating $400 million toward share repurchases. With a Superscore of 77, the stock has surged 46% over the past year, though valuation at a P/E of 19 reflects high expectations. Chili's brand shows strong momentum with 21 consecutive quarters of same-store sales growth, while Maggiano's continues to underperform.
The Cheesecake Factory (CAKE) has surged 72.4% in six months, driven by record Q2 revenues exceeding $1 billion, 24% EPS growth, and a decade-high 20% restaurant margin. Strong comparable sales growth of 5.8%, menu innovation, successful Rewards app adoption, and improved traffic are fueling momentum. The stock trades at a P/E of 19.86X, below the industry average, while analysts have raised 2026 and 2027 earnings estimates. Flower Child brand shows strong growth, though North Italia faces challenges.