Brinker International Inc. (EAT) shares reached an all-time high of $253.72 on Tuesday, capping a 66.8% gain over the past 12 months as the restaurant operator’s turnaround efforts gained traction.
The stock traded at $253.49, just below its 52-week high of $253.71, reflecting sustained investor confidence in its operational improvements. The company, which operates the Chili’s Grill & Bar chain, has focused on menu simplification and execution enhancements under its restructuring plan.
Analysts have upgraded their outlooks on the back of stronger unit-level economics. Baird initiated coverage with an Outperform rating, citing progress in the company’s turnaround strategy. BofA Securities raised its price target to $310, maintaining a Buy rating and highlighting robust unit economics. UBS increased its target to $285, pointing to sustained sales momentum at Chili’s and potential earnings growth in fiscal 2027.
DA Davidson and KeyBanc also raised their targets to $260 and $275, respectively, with both citing accelerating same-store sales and improved fiscal 2027 guidance. The upgrades follow a period of operational challenges, during which the company streamlined its menu and refined its restaurant-level execution.
InvestingPro analysis suggested the shares may be overvalued relative to its Fair Value, though the company’s recent performance and analyst upgrades indicate growing confidence in its long-term trajectory.
