JPMorgan Chase & Co. Increases Brinker International (NYSE:EAT) Price Target to $160.00

Brinker International (NYSE:EAT) had its target price boosted by JPMorgan Chase & Co. from $140.00 to $160.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

EAT has been the topic of several other reports. Piper Sandler increased their target price on Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Bank of America raised their price objective on Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wedbush boosted their target price on Brinker International from $140.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday. KeyCorp lowered shares of Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price target on the stock. in a report on Friday, January 24th. Finally, UBS Group lifted their price target on shares of Brinker International from $108.00 to $146.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $140.18.

Brinker International Stock Down 0.3 %

EAT opened at $181.97 on Thursday. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 0.97 and a beta of 2.52. Brinker International has a 12 month low of $40.50 and a 12 month high of $187.08. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. The business has a 50-day moving average of $139.29 and a two-hundred day moving average of $102.31.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 16,722.22%. On average, research analysts expect that Brinker International will post 7.75 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in Brinker International by 23.5% during the 3rd quarter. Principal Financial Group Inc. now owns 272,822 shares of the restaurant operator’s stock worth $20,879,000 after purchasing an additional 51,927 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Brinker International during the third quarter worth approximately $5,330,000. Intech Investment Management LLC increased its stake in shares of Brinker International by 399.9% in the third quarter. Intech Investment Management LLC now owns 24,102 shares of the restaurant operator’s stock worth $1,845,000 after buying an additional 19,281 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in Brinker International in the third quarter valued at $941,000. Finally, Janney Montgomery Scott LLC bought a new position in Brinker International during the 3rd quarter valued at $2,273,000.

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.