Brinker International (NYSE:EAT) PT Raised to $94.00

Brinker International (NYSE:EAT) had its target price increased by Bank of America from $90.00 to $94.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Bank of America‘s target price suggests a potential upside of 1.16% from the stock’s current price.

Several other research firms have also commented on EAT. Argus lowered shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. UBS Group raised their target price on Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Raymond James cut Brinker International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. Barclays raised their price objective on Brinker International from $53.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, August 15th. Finally, Morgan Stanley upped their target price on Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 16th. Two investment 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’s stock. Based on data from MarketBeat.com, Brinker International presently has a consensus rating of “Hold” and a consensus target price of $74.62.

Brinker International Stock Performance

NYSE EAT opened at $92.92 on Monday. The firm has a market capitalization of $4.13 billion, a P/E ratio of 27.57, a PEG ratio of 1.35 and a beta of 2.51. The stock has a 50-day simple moving average of $75.76 and a two-hundred day simple moving average of $67.05. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. Brinker International has a fifty-two week low of $31.95 and a fifty-two week high of $94.39.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EAT. CWM LLC increased its stake in Brinker International by 96.2% during the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 204 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Brinker International during the 1st quarter worth about $25,000. Headlands Technologies LLC acquired a new stake in shares of Brinker International during the 1st quarter worth about $47,000. Signaturefd LLC raised its holdings 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 during the period. Finally, Hollencrest Capital Management acquired a new position in Brinker International in the first quarter valued at about $50,000.

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.