Brinker Analysts Boost Their Forecasts Following Upbeat Q1 Earnings

Brinker International (NYSE:EAT) on Wednesday reported better-than-expected first-quarter financial results and raised its FY27 guidance.

The restaurant operator reported adjusted earnings of $2.77 per share, beating analysts’ expectations of $2.45. Earnings rose from $1.93 per share a year earlier. Quarterly revenue increased 9.4% year over year to $1.476 billion, topping the consensus estimate of $1.457 billion.

“Chili’s delivered its 22nd consecutive quarter of same-store sales growth, up +10%, lapping a +21% from last year and a +14% from 2024 for a 3 year cumulative comp of +52%,” said Kevin Hochman, President and CEO of Brinker International. “The Chili’s flywheel of sustainable growth and market share gains keeps spinning, with industry leading value, world class marketing, and continued investments in operations that both attract new guests and keep regular guests coming back.”

Brinker raised its fiscal 2027 adjusted earnings forecast to $13.30 to $13.90 per share, up from its previous outlook of $12.60 to $13.40. Analysts expect $13.28 per share.

The company also increased its annual revenue forecast to $6.23 billion to $6.33 billion from $6.15 billion to $6.27 billion. Wall Street expects $6.288 billion.

Brinker shares rose 3.7% to $228.99 in pre-market trading.

These analysts made changes to their price targets on Brinker following earnings announcement.

• Baird analyst Chris O’Cull maintained the stock with an Outperform rating and raised the price target from $270 to $280.
• TD Cowen analyst Andrew M. Charles maintained the stock with a Buy and raised the price target from $250 to $270.

Considering buying EAT stock? Here’s what analysts think:

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