Brinker International (NYSE:EAT – Get Free Report) The price target was raised by equity analysts at Barclays from $53.00 to $66.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “Equal Weight” rating on the restaurant operator’s stock. Barclays’ price target suggests a potential upside of 0.66% from the current share price.
A number of other equities analysts have also commented on EAT. UBS Group raised their price target on shares of Brinker International from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Bank of America raised their price target on shares of Brinker International from $51.00 to $58.00 and gave the company an “underperform” rating in a research note on Wednesday, July 17th. KeyCorp raised their rating on shares of Brinker International from “sector weight” to “overweight” and set a $72.00 price target on the stock in a research note on Thursday. Wedbush reiterated a “neutral” rating and set a $68.00 price target on shares of Brinker International in a research note on Thursday. Finally, Morgan Stanley raised their price target on shares of Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 16. Three investment analysts have rated the stock with a “sell,” nine have given a “hold” rating, and seven have given a “buy” rating. Based on data from MarketBeat, Brinker International currently has a consensus rating of “Hold” and an average price target of $60.58.
Check out our latest stock report on EAT
Brinker International shares lose 2.2%
Brinker International shares opened at $65.57 on Thursday. The company has a market cap of $2.92 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 0.63 and a beta of 2.52. Brinker International has a 12-month low of $28.23 and a 12-month high of $76.02. The company’s 50-day moving average is $67.23 and its 200-day moving average is $57.17.
Brinker International (NYSE:EAT – Get Free Report) last announced its earnings results on Wednesday, August 14. The restaurant operator reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The company’s revenue for the quarter increased 12.3% year-over-year. During the same period last year, the company reported earnings per share of $1.39. As a group, sell-side analysts expect Brinker International to report earnings per share of $4.18 for the current fiscal year.
Insider activities at Brinker International
In related news, COO Douglas N. Comings sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29. The shares were sold at an average price of $68.31, for a total transaction of $683,100.00. Following the sale, the chief operating officer now directly owns 38,164 shares of the company’s stock, valued at $2,606,982.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Daniel S. Fuller sold 3,611 shares of the company’s stock in a transaction that occurred on Thursday, May 30. The shares were sold at an average price of $69.04, for a total transaction of $249,303.44. Following the sale, the senior vice president now directly owns 34,764 shares of the company’s stock, valued at $2,400,106.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this link. Also, COO Douglas N. Comings sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 29. The shares were sold at an average price of $68.31, for a total value of $683,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,164 shares of the company’s stock, valued at $2,606,982.84. The disclosure of this sale can be found here. Insiders have sold 16,564 shares of the company’s stock, valued at $1,147,884, in the last ninety days. Insiders own 1.50% of the company’s stock.
Institutional inflows and outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in Brinker International by 1.3% in the second quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock worth $967,000 after buying an additional 169 shares in the last quarter. CWM LLC increased its position in 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 in the last quarter. Victory Capital Management Inc. increased its position in Brinker International by 1.3% in the fourth quarter. Victory Capital Management Inc. now owns 17,318 shares of the restaurant operator’s stock worth $748,000 after buying an additional 230 shares in the last quarter. Arizona State Retirement System increased its position in Brinker International by 1.9% in the second quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock worth $896,000 after purchasing an additional 234 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Brinker International by 12.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,070 shares of the restaurant operator’s stock worth $89,000 after purchasing an additional 235 shares in the last quarter.
Brinker International Company Profile
(Get free report)
Brinker International, Inc., together with its subsidiaries, owns, develops, operates and franchises casual dining restaurants in the United States and internationally. The company operates and franchises the Chili’s Grill & Bar and Maggiano’s Little Italy restaurant brands.
More information
Get daily news and reviews for Brinker International – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Brinker International and related companies with MarketBeat.com’s FREE daily email newsletter.
