Brokerages Set Brinker International, Inc. (NYSE:EAT) Price Target at $86.45

Brinker International, Inc. (NYSE:EAT) has been given an average rating of “Hold” by the eighteen ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $86.45.

Several research firms have recently weighed in on EAT. Argus cut shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Stifel Nicolaus increased their price objective on Brinker International from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. KeyCorp raised their target price on Brinker International from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Bank of America upped their price target on Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Wedbush reissued a “neutral” rating and set a $68.00 price objective on shares of Brinker International in a research report on Thursday, August 15th.

Brinker International Stock Performance

Shares of Brinker International stock opened at $116.55 on Tuesday. The business’s 50 day moving average price is $89.02 and its 200 day moving average price is $74.23. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 1.31 and a beta of 2.46. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32. Brinker International has a one year low of $34.77 and a one year high of $123.66.

Brinker International (NYSE:EAT) last posted its quarterly 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 negative return on equity of 839.19% and a net margin of 4.11%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, research analysts predict that Brinker International will post 5.53 EPS for the current year.

Insider Transactions at Brinker International

In related 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 transaction, the chief financial officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Brinker International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in Brinker International in the first quarter valued at $25,000. CWM LLC increased its holdings in shares of Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 204 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Brinker International during the 1st quarter worth about $47,000. Covestor Ltd lifted its stake in Brinker International by 32,500.0% during the first quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Brinker International by 33.2% in the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 246 shares in the last quarter.

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.