Brinker price target raised to $166 from $140 at Piper Sandler

Piper Sandler analyst Brian Mullan raised the firm’s price target on Brinker (EAT) to $166 from $140 and keeps a Neutral rating on the shares following quarterly results. The firm notes it was yet another very strong quarter for Chili’s on the topline, with a company owned same-stores sales result of positive 8.6% coming in comfortably above consensus. Brinker raised its FY2026 revenue and adjusted EPS guidance ranges, and Piper could understand if Bulls continue to view said guidance as conservative.