Brinker International (NYSE:EAT) Price Target Raised to $97.00

Brinker International (NYSE:EAT) had its price objective boosted by Bank Of America (Bofa) from $94.00 to $97.00 in a report released on Tuesday morning.

EAT has been the topic of a number of other research reports. KeyCorp raised their target price on shares of Brinker International from $72.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Barclays boosted their target price on shares of Brinker International from $66.00 to $76.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Raymond James lowered shares of Brinker International from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. BMO Capital Markets lowered their target price on shares of Brinker International from $85.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, August 15th. Finally, UBS Group upped their price target on Brinker International from $70.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $84.19.

Brinker International Price Performance

EAT stock opened at $104.94 on Tuesday. The stock has a market cap of $4.70 billion, a PE ratio of 25.60, a P/E/G ratio of 1.71 and a beta of 2.51. Brinker International has a 12 month low of $33.03 and a 12 month high of $107.15. The company has a 50-day moving average price of $81.21 and a 200 day moving average price of $69.98. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 63.54.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.26. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. Equities research analysts anticipate that Brinker International will post 4.78 earnings per share for the current year.

Insider Activity at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of Brinker International 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 transaction, the chief financial officer now directly owns 23,071 shares of the company’s stock, valued at $2,376,774.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EAT. Transcendent Capital Group LLC purchased a new stake in shares of Brinker International in the 1st quarter valued at approximately $25,000. CWM LLC lifted 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 purchasing an additional 204 shares in the last quarter. Headlands Technologies LLC acquired a new position in Brinker International during the first quarter worth $47,000. Hollencrest Capital Management purchased a new position in shares of Brinker International during the first quarter worth $50,000. Finally, Covestor Ltd grew its stake in shares of Brinker International by 32,500.0% in the first quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 1,300 shares in the last quarter.

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.