Brinker International (NYSE:EAT) Price Target Raised to $160.00

Brinker International (NYSE:EAT) had its price objective increased by JPMorgan Chase & Co. from $140.00 to $160.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Several other analysts have also recently commented on the stock. Northcoast Research upgraded shares of Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Thursday. Argus upgraded shares of Brinker International from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Tuesday, December 24th. Bank Of America (Bofa) boosted their target price on Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Evercore ISI increased their target price on Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 15th. Finally, Piper Sandler lifted their price target on Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $140.18.

Brinker International Stock Performance

Shares of EAT stock opened at $181.97 on Thursday. The stock’s 50-day moving average price is $139.29 and its 200 day moving average price is $102.31. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The stock has a market capitalization of $8.08 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 0.97 and a beta of 2.52. Brinker International has a 52-week low of $40.50 and a 52-week high of $187.08.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a return on equity of 16,722.22% and a net margin of 5.45%. As a group, equities research analysts forecast that Brinker International will post 7.75 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Bank of Montreal Can boosted its stake in shares of Brinker International by 26.7% during the second quarter. Bank of Montreal Can now owns 7,378 shares of the restaurant operator’s stock valued at $548,000 after acquiring an additional 1,557 shares during the last quarter. Xponance Inc. acquired a new stake in shares of Brinker International during the 2nd quarter worth about $202,000. The Manufacturers Life Insurance Company boosted its stake in shares of Brinker International by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,765 shares of the restaurant operator’s stock worth $1,720,000 after purchasing an additional 1,025 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Brinker International during the second quarter worth about $204,000. Finally, Algert Global LLC purchased a new position in shares of Brinker International during the second quarter valued at approximately $322,000.

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.