Chili's Extends Sponsorship with Spire Motorsports for Carson Hocevar's No. 77 Chevy ZL1
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Sponsorship Continuation: Chili's has extended its multi-year sponsorship agreement with Spire Motorsports, maintaining the iconic red pepper on the No. 77 Chevrolet ZL1, which is expected to enhance brand visibility and attract more racing fans.
- Driver Performance Highlights: Carson Hocevar, who won the NASCAR Cup Series Rookie of the Year in 2024 and secured two runner-up finishes in 2025 at Atlanta and Nashville, demonstrates competitive prowess that could elevate Chili's brand recognition.
- Expanded Racing Involvement: Chili's is not only continuing its sponsorship of Hocevar in the NASCAR season but has also expanded its support to other racing projects, including backing Spire Ascent driver Gio Scelzi, thereby increasing its influence in the racing community.
- Strategic Brand Partnership: The collaboration between Chili's and Spire Motorsports is deepening, with both parties committed to enhancing the racing experience and brand engagement, which is expected to attract more customers and boost restaurant visibility.
Analyst Views on EAT
Wall Street analysts forecast EAT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EAT is 161.60 USD with a low forecast of 140.00 USD and a high forecast of 210.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
10 Buy
7 Hold
0 Sell
Moderate Buy
Current: 167.690
Low
140.00
Averages
161.60
High
210.00
Current: 167.690
Low
140.00
Averages
161.60
High
210.00
About EAT
Brinker International, Inc. is a casual dining restaurant company. The Company owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company operates through two segments: Chili’s and Maggiano’s. The Chili’s segment includes its Company-owned Chili’s restaurants, which are principally located in the United States, within the full-service casual dining segment of the industry. The Chili’s segment also includes its Canadian Company-owned restaurants and royalties from its franchised locations in the United States, 27 other countries and two United States territories. The Maggiano’s segment includes its Company-owned Maggiano's restaurants in the United States as well as royalties from its domestic franchise business. It owns, operates or franchises more than 1,600 restaurants in the United States and 27 other countries and two United States territories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
