Bank Of America (Bofa) Increases Brinker International (NYSE:EAT) Price Target to $97.00

Brinker International (NYSE:EAT) had its price target lifted by equities researchers at Bank Of America (Bofa) from $94.00 to $97.00 in a research report issued on Tuesday. Bank Of America (Bofa)’s price objective points to a potential downside of 6.95% from the company’s previous close.

Several other brokerages have also issued reports on EAT. Bank of America lifted their price target on Brinker International from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price target on Brinker International from $50.00 to $85.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Morgan Stanley lifted their price target on Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a report on Tuesday, July 16th. Citigroup lifted their price target on Brinker International from $69.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Finally, Evercore ISI boosted their target price on Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Brinker International has a consensus rating of “Hold” and an average target price of $75.86.

Brinker International Trading Up 7.5 %

Shares of NYSE EAT opened at $104.25 on Tuesday. Brinker International has a one year low of $32.90 and a one year high of $106.21. The firm has a market capitalization of $4.64 billion, a PE ratio of 30.93, a PEG ratio of 1.35 and a beta of 2.51. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 19.96. The business has a 50-day moving average price of $79.86 and a two-hundred day moving average price of $69.33.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 earnings per share. As a group, analysts predict that Brinker International will post 4.66 earnings per share for the current fiscal year.

Institutional Trading of Brinker International

A number of institutional investors and hedge funds have recently modified their holdings of the company. NorthCrest Asset Manangement LLC increased its position in shares of Brinker International by 1.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator’s stock valued at $920,000 after purchasing an additional 135 shares during the period. Nisa Investment Advisors LLC boosted its stake in Brinker International by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock valued at $967,000 after buying an additional 169 shares in the last quarter. CWM LLC boosted its stake 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 buying an additional 204 shares in the last quarter. Arizona State Retirement System boosted 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 valued at $896,000 after buying an additional 234 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Brinker International by 33.2% in the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after buying an additional 246 shares in the last quarter.

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.