Brinker International, Inc. (NYSE:EAT) Receives $70.09 Consensus Price Target from Brokerages

Shares of Brinker International, Inc. (NYSE:EAT) have earned an average rating of “Hold” from the seventeen brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $71.74.

EAT has been the subject of a number of research reports. Evercore ISI boosted their target price on shares of Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research report on Tuesday, October 15th. Bank of America upgraded Brinker International from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $63.00 to $90.00 in a research note on Thursday, October 10th. Argus downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Raymond James cut Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Barclays upped their price objective on Brinker International from $53.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 15th.

Institutional Investors Weigh In On Brinker International

Several large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in shares of Brinker International by 1.3% in the second quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock worth $967,000 after buying an additional 169 shares in the last quarter. CWM LLC raised its holdings in Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 204 shares during the last quarter. Arizona State Retirement System lifted its stake in Brinker International by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock worth $896,000 after purchasing an additional 234 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Brinker International by 33.2% during the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 246 shares during the last quarter. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Brinker International in the first quarter valued at approximately $25,000.

Brinker International Stock Up 3.5 %

Brinker International stock opened at $92.46 on Friday. Brinker International has a fifty-two week low of $31.95 and a fifty-two week high of $93.42. The company has a market cap of $4.11 billion, a PE ratio of 27.44, a PEG ratio of 1.35 and a beta of 2.51. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. The business’s 50-day simple moving average is $75.25 and its two-hundred day simple moving average is $66.60.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company earned $1.39 EPS. Brinker International’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts anticipate that Brinker International will post 4.66 EPS for the current year.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.