Brinker International (NYSE:EAT) Price Target Raised to $90.00 at Stifel Nicolaus

Brinker International (NYSE:EAT) had its price target increased by Stifel Nicolaus from $62.00 to $90.00 in a research report released on Tuesday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

EAT has been the subject of several other research reports. Evercore ISI upped their price target on Brinker International from $53.00 to $65.00 and gave the stock an in-line rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. raised their target price on shares of Brinker International from $48.00 to $62.00 and gave the stock an overweight rating in a research note on Tuesday, May 28th. Wedbush boosted their price target on shares of Brinker International from $45.00 to $47.00 and gave the stock a neutral rating in a research note on Friday, April 26th. UBS Group raised their price objective on shares of Brinker International from $46.00 to $50.00 and gave the company a neutral rating in a research report on Wednesday, April 24th. Finally, Argus upgraded Brinker International from a hold rating to a buy rating and set a $72.00 target price on the stock in a research report on Tuesday, May 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $52.00.

Brinker International Price Performance

Shares of Brinker International stock opened at $72.39 on Tuesday. The firm’s fifty day simple moving average is $63.68 and its 200-day simple moving average is $51.10. Brinker International has a 12 month low of $28.23 and a 12 month high of $76.02. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 0.88 and a beta of 2.48.

Brinker International (NYSE:EAT) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 earnings per share. Analysts anticipate that Brinker International will post 4.02 earnings per share for the current year.

Insider Buying and Selling at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 2,953 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $72.97, for a total value of $215,480.41. Following the sale, the chief operating officer now owns 38,164 shares of the company’s stock, valued at $2,784,827.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Douglas N. Comings sold 2,953 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $72.97, for a total value of $215,480.41. Following the completion of the transaction, the chief operating officer now directly owns 38,164 shares of the company’s stock, valued at $2,784,827.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Joseph G. Taylor sold 40,050 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $60.45, for a total value of $2,421,022.50. Following the completion of the sale, the chief financial officer now owns 66,286 shares in the company, valued at $4,006,988.70. The disclosure for this sale can be found here. In the last three months, insiders sold 57,714 shares of company stock worth $3,637,623. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brinker International

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its position in Brinker International by 0.7% during the third quarter. Rhumbline Advisers now owns 137,565 shares of the restaurant operator’s stock worth $4,346,000 after buying an additional 991 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Brinker International in the third quarter worth approximately $31,000. Invesco Ltd. grew its holdings in Brinker International by 20.4% in the third quarter. Invesco Ltd. now owns 332,176 shares of the restaurant operator’s stock valued at $10,493,000 after purchasing an additional 56,192 shares during the period. Covestor Ltd increased its position in Brinker International by 28,800.0% during the third quarter. Covestor Ltd now owns 1,445 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Brinker International by 43.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,087 shares of the restaurant operator’s stock worth $540,000 after purchasing an additional 5,154 shares during the period.

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.