Analysts Lift Brinker Targets to $200–$210 After 8.6% Q2 Sales Gain
Goldman Sachs, Morgan Stanley and Bank of America raised Brinker International’s price targets to $200, $205 and $210 and kept Buy/Overweight ratings after beat-and-raise quarters, with BofA lifting FY2026 EPS to $10.62. Q2 showed an 8.6% comparable sales gain at Chili’s, raised revenue and EPS guidance, plus aggressive buybacks.
1. Analyst Price Target Upgrades
Goldman Sachs increased its price target on Brinker International to $200 from $180, Morgan Stanley lifted its target to $205 from $200 and Bank of America boosted its target to $210 from $198, all maintaining Buy or Overweight ratings. Bank of America also revised its FY2026 EPS forecast upward to $10.62 from $10.59 following another beat-and-raise quarter.
2. Q2 Sales Growth and Guidance Raise
Brinker’s Chili’s brand delivered an 8.6% comparable sales increase driven by a mix of pricing, guest count growth and higher average spend, while Maggiano’s underperformance remained a drag. Management raised full-year 2026 revenue and EPS guidance, signaled moderated capital expenditures and announced an aggressive share buyback program to support future EPS growth.