Brinker International (NYSE:EAT) Price Target Raised to $208.00 at The Goldman Sachs Group

Brinker International (NYSE:EAT) had its price objective increased by The Goldman Sachs Group from $162.00 to $208.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 15.40% from the company’s current price.

A number of other equities analysts have also commented on the company. Barclays lifted their price objective on Brinker International from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Thursday. BMO Capital Markets lifted their price objective on Brinker International from $105.00 to $125.00 and gave the stock a “market perform” rating in a research note on Monday. Stifel Nicolaus raised their price objective on Brinker International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday. Evercore ISI raised their price objective on Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 15th. Finally, Bank of America increased their target price on Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $130.23.

Brinker International Stock Up 0.3 %

Shares of NYSE:EAT traded up $0.46 on Thursday, reaching $180.25. The company had a trading volume of 541,846 shares, compared to its average volume of 1,212,087. Brinker International has a twelve month low of $40.50 and a twelve month high of $184.19. The stock has a 50-day moving average price of $136.99 and a 200 day moving average price of $100.66. The stock has a market capitalization of $8.01 billion, a P/E ratio of 44.02, a P/E/G ratio of 1.56 and a beta of 2.52. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. On average, equities analysts expect that Brinker International will post 5.96 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its stake in shares of Brinker International by 26.7% in the 2nd quarter. Bank of Montreal Can now owns 7,378 shares of the restaurant operator’s stock valued at $548,000 after purchasing an additional 1,557 shares during the period. Xponance Inc. bought a new stake in shares of Brinker International during the second quarter worth approximately $202,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Brinker International by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 23,765 shares of the restaurant operator’s stock worth $1,720,000 after acquiring an additional 1,025 shares during the period. Mackenzie Financial Corp bought a new stake in shares of Brinker International in the second quarter valued at approximately $204,000. Finally, Algert Global LLC bought a new stake in shares of Brinker International in 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.