Brinker International, Inc. (NYSE:EAT) Receives $98.53 Average PT from Analysts

Brinker International, Inc. (NYSE:EAT) has been assigned an average rating of “Hold” from the nineteen research firms that are currently covering the stock, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $98.53.

Several equities research analysts have recently weighed in on EAT shares. Citigroup raised their price objective on Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their price target on Brinker International from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 4th. KeyCorp lifted their price target on Brinker International from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Evercore ISI upped their price objective on shares of Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research note on Tuesday, October 15th. Finally, Bank of America boosted their price target on shares of Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 31st.

Insider Activity at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $103.02, for a total value of $386,634.06. Following the completion of the sale, the chief financial officer now directly owns 23,071 shares in the company, valued at $2,376,774.42. The trade was a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EAT. Marshall Wace LLP raised its stake in shares of Brinker International by 13,850.1% in the 2nd quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator’s stock valued at $76,546,000 after acquiring an additional 1,049,836 shares in the last quarter. Millennium Management LLC grew its holdings in Brinker International by 31.7% during the second quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock valued at $68,228,000 after purchasing an additional 227,047 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Brinker International by 55.1% in the third quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator’s stock valued at $47,351,000 after purchasing an additional 219,836 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Brinker International in the third quarter worth $14,611,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of Brinker International by 1,160.2% during the 2nd quarter. Squarepoint Ops LLC now owns 192,268 shares of the restaurant operator’s stock worth $13,918,000 after buying an additional 177,011 shares during the period.

Brinker International Price Performance

Shares of Brinker International stock opened at $141.14 on Wednesday. Brinker International has a 52 week low of $37.25 and a 52 week high of $141.18. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. The company’s 50-day moving average price is $124.48 and its two-hundred day moving average price is $90.81. The stock has a market cap of $6.27 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 1.46 and a beta of 2.51.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating the consensus estimate of $0.69 by $0.26. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 earnings per share. As a group, sell-side analysts anticipate that Brinker International will post 5.43 EPS for the current fiscal year.

About Brinker International

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.