Brinker International, Inc. (NYSE:EAT) Receives $70.09 Average Target Price from Brokerages

Shares of Brinker International, Inc. (NYSE:EAT) have been given an average rating of “Hold” by the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $71.74.

EAT has been the topic of several research reports. Stifel Nicolaus increased their price target on shares of Brinker International from $62.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. UBS Group increased their price objective on Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday. Wedbush restated a “neutral” rating and set a $68.00 price target on shares of Brinker International in a research note on Thursday, August 15th. Raymond James downgraded Brinker International from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Morgan Stanley boosted their price objective on shares of Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a research note on Tuesday, July 16th.

Brinker International Trading Up 3.5 %

Shares of EAT opened at $92.46 on Friday. Brinker International has a 12-month low of $31.95 and a 12-month high of $93.42. The firm has a market capitalization of $4.11 billion, a P/E ratio of 27.44, a P/E/G ratio of 1.35 and a beta of 2.51. The firm has a 50-day moving average price of $75.25 and a 200 day moving average price of $66.60. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 19.96.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $1.39 EPS. Sell-side analysts forecast that Brinker International will post 4.66 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in Brinker International by 1.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock valued at $967,000 after buying an additional 169 shares during the last quarter. CWM LLC lifted its position in shares of Brinker International by 96.2% in the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 204 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Brinker International by 1.9% during the second quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock valued at $896,000 after acquiring an additional 234 shares during the last quarter. Signaturefd LLC increased its position in Brinker International by 33.2% during the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 246 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in Brinker International in the 1st quarter valued at about $25,000.

About Brinker International

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.