Brinker International (NYSE:EAT) Price Target Raised to $125.00 at BMO Capital Markets

Brinker International (NYSE:EATFree Report) had its price target boosted by BMO Capital Markets from $105.00 to $125.00 in a research note released on Monday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the restaurant operator’s stock.

Several other research analysts have also weighed in on EAT. Piper Sandler increased their target price on Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Tuesday, December 24th. JPMorgan Chase & Co. lowered shares of Brinker International from an “overweight” rating to a “neutral” rating and raised their price target for the company from $67.00 to $100.00 in a report on Thursday, October 31st. Morgan Stanley upgraded shares of Brinker International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $70.00 to $115.00 in a research note on Friday, December 20th. Finally, The Goldman Sachs Group started coverage on shares of Brinker International in a report on Thursday, December 5th. They set a “buy” rating and a $150.00 target price on the stock. Sixteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $111.29.

View Our Latest Stock Report on Brinker International

Brinker International Trading Up 1.4 %

Shares of EAT stock opened at $151.63 on Monday. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 1.56 and a beta of 2.52. 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 firm has a 50-day moving average price of $135.22 and a 200 day moving average price of $99.46. Brinker International has a twelve month low of $39.39 and a twelve month high of $155.13.

Brinker International (NYSE:EATGet Free Report) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, topping the consensus estimate of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $0.28 EPS. Brinker International’s revenue for the quarter was up 12.5% on a year-over-year basis. Research analysts forecast that Brinker International will post 5.96 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total value of $386,634.06. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Brinker International

A number of large investors have recently made changes to their positions in EAT. Wolff Wiese Magana LLC boosted its position in Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Brinker International by 123.9% during the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 171 shares during the period. R Squared Ltd purchased a new position in Brinker International during the fourth quarter valued at approximately $83,000. Longboard Asset Management LP acquired a new position in Brinker International in the 4th quarter valued at approximately $219,000. Finally, DGS Capital Management LLC acquired a new position in Brinker International in the 4th quarter valued at approximately $242,000.

Brinker International Company Profile

(Get Free Report)

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.

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