Brinker International (NYSE:EAT) Hits New 1-Year High at $76.53

Brinker International, Inc. (NYSE:EAT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $76.53 and last traded at $76.39, with a volume of 55976 shares. The stock had previously closed at $75.19.

Wall Street Analyst Weigh In

EAT has been the subject of several research analyst reports. Wedbush reissued a “neutral” rating and issued a $68.00 price objective on shares of Brinker International in a research note on Thursday, August 15th. Raymond James lowered Brinker International from a “strong-buy” rating to an “outperform” rating and upped their target price for the stock from $62.00 to $82.50 in a research report on Monday, July 8th. Bank of America upped their target price on Brinker International from $58.00 to $63.00 and gave the stock an “underperform” rating in a research report on Thursday, August 15th. Evercore ISI upped their target price on Brinker International from $65.00 to $69.00 and gave the stock an “in-line” rating in a research report on Thursday, August 15th. Finally, BMO Capital Markets dropped their target price on Brinker International from $85.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Brinker International currently has an average rating of “Hold” and a consensus target price of $61.85.

Brinker International Price Performance

The stock has a 50-day simple moving average of $67.20 and a 200 day simple moving average of $61.10. 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 company has a market cap of $3.33 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.14 and a beta of 2.52.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.04). Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business earned $1.39 EPS. Brinker International’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities analysts expect that Brinker International, Inc. will post 4.64 EPS for the current year.

Institutional Investors Weigh In On Brinker International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. increased its stake in shares of Brinker International by 1.3% in the 4th quarter. Victory Capital Management Inc. now owns 17,318 shares of the restaurant operator’s stock valued at $748,000 after buying an additional 230 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Brinker International by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 632,484 shares of the restaurant operator’s stock valued at $27,311,000 after buying an additional 53,657 shares during the period. Jump Financial LLC acquired a new stake in shares of Brinker International in the 4th quarter valued at $232,000. Dimensional Fund Advisors LP increased its stake in shares of Brinker International by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 936,283 shares of the restaurant operator’s stock valued at $40,430,000 after buying an additional 4,294 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Brinker International by 12.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,070 shares of the restaurant operator’s stock valued at $89,000 after buying an additional 235 shares during the period.

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.