Brinker International (NYSE:EAT) Price Target Raised to $95.00

Brinker International (NYSE:EAT) had its price target hoisted by analysts at Barclays from $76.00 to $95.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price target suggests a potential downside of 9.47% from the company’s previous close.

EAT has been the subject of a number of other reports. Argus cut shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Wedbush reaffirmed a “neutral” rating and set a $68.00 price target on shares of Brinker International in a research report on Thursday, August 15th. KeyCorp upped their price target on shares of Brinker International from $72.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. cut shares of Brinker International from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $67.00 to $100.00 in a research report on Thursday. Finally, Raymond James cut shares of Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $84.19.

Brinker International Trading Up 2.2 %

EAT stock opened at $104.94 on Thursday. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.71 and a beta of 2.51. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The business has a fifty day simple moving average of $81.21 and a 200-day simple moving average of $69.98. Brinker International has a 52 week low of $33.03 and a 52 week high of $107.15.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities research analysts expect that Brinker International will post 4.78 EPS for the current year.

Insider Transactions at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $103.02, for a total transaction of $386,634.06. Following the sale, the chief financial officer now owns 23,071 shares in the company, valued at $2,376,774.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction 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

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC raised 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 period. Transcendent Capital Group LLC acquired a new stake in Brinker International during the first quarter worth about $25,000. Headlands Technologies LLC acquired a new stake in Brinker International during the first quarter worth about $47,000. Signaturefd LLC increased its stake in shares of 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 during the period. Finally, Hollencrest Capital Management acquired a new stake in shares of Brinker International in the first quarter valued at approximately $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.