Brinker price target raised to $175 from $155 at Mizuho

Mizuho raised the firm’s price target on Brinker (EAT) to $175 from $155 and keeps an Outperform rating on the shares. The firm adjusted targets in the restaurant group as part of its 2026 outlook. Mizuho’s base case remains a restaurant price war continues this year to combat traffic share loss to grocery as a result of higher post-COVID relative price increases. Casual diners are best positioned to outperform, followed by coffee and fast casual, with quick service positioned least favorably, the analyst tells investors in a research note. Mizuho’s top pick remains Dutch Bros. It added Brinker and Cheesecake Factory to its top three, while removing Domino’s Pizza and Wingstop.