Brinker International, Inc. (NYSE:EAT) Receives $54.03 Average Price Target from Brokerages

Brinker International, Inc. (NYSE:EAT) has received a consensus rating of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $54.03.

Several equities analysts recently commented on EAT shares. Wedbush upped their price objective on Brinker International from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Argus upgraded Brinker International from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, May 21st. Evercore ISI upped their price objective on Brinker International from $53.00 to $65.00 and gave the company an “in-line” rating in a research note on Wednesday, May 22nd. Raymond James downgraded Brinker International from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $62.00 to $82.50 in a research note on Monday, July 8th. Finally, UBS Group upped their price objective on Brinker International from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th.

Brinker International Stock Down 2.2 %

EAT stock opened at $63.76 on Wednesday. The firm has a market cap of $2.84 billion, a PE ratio of 18.92, a P/E/G ratio of 0.70 and a beta of 2.51. The business has a 50 day moving average of $67.27 and a 200-day moving average of $52.96. Brinker International has a 12-month low of $28.23 and a 12-month high of $76.02.

Brinker International (NYSE:EAT) last released its earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.09. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. Brinker International’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share. On average, research analysts expect that Brinker International will post 4.05 earnings per share for the current year.

Insider Activity at Brinker International

In related news, CFO Joseph G. Taylor sold 40,050 shares of Brinker International stock in a transaction on Monday, May 13th. The stock was sold at an average price of $60.45, for a total transaction of $2,421,022.50. Following the completion of the sale, the chief financial officer now owns 66,286 shares of the company’s stock, valued at $4,006,988.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Brinker International news, CFO Joseph G. Taylor sold 40,050 shares of Brinker International stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $60.45, for a total transaction of $2,421,022.50. Following the completion of the sale, the chief financial officer now owns 66,286 shares of the company’s stock, valued at $4,006,988.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Prashant Ranade sold 1,100 shares of Brinker International stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $62.47, for a total value of $68,717.00. Following the sale, the director now directly owns 17,039 shares of the company’s stock, valued at approximately $1,064,426.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,714 shares of company stock valued at $3,637,623. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Brinker International

Several hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Brinker International by 96.2% in the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after buying an additional 204 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of Brinker International in the first quarter worth about $25,000. TFO Wealth Partners LLC increased its holdings in shares of Brinker International by 64,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock worth $28,000 after buying an additional 648 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Brinker International by 3,611.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock worth $29,000 after buying an additional 650 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Brinker International in the first quarter worth about $47,000.

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.