Brinker International (NYSE:EAT – Get Free Report) The price target was raised by stock analysts at Wells Fargo & Company from $45.00 to $50.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has an “underweight” rating on the restaurant operator’s stock. Wells Fargo & Company’s price target would imply a potential downside of 23.75% from the company’s current price.
Several other analysts have also recently issued reports on the company. UBS Group increased their price target on Brinker International from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Evercore ISI increased their price target on Brinker International from $65.00 to $69.00 and gave the company an “in-line” rating in a report on Thursday. Stifel Nicolaus increased their price target on Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Barclays increased their price target on shares of Brinker International from $53.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on shares of Brinker International from $48.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.58.
Check out our latest analysis on EAT
Brinker International shares lose 2.2%
EAT stock opened at $65.57 on Thursday. Brinker International has a 52-week low of $28.23 and a 52-week high of $76.02. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 0.63 and a beta of 2.52. The company has a 50-day moving average of $67.23 and a 200-day moving average of $57.17.
Brinker International (NYSE:EAT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14. The restaurant operator reported earnings per share (EPS) of $1.61 for the quarter, missing the consensus estimate of $1.65 by ($0.04). Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company posted earnings per share of $1.39. The company’s revenue for the quarter increased 12.3% year-over-year. As a group, analysts expect Brinker International to report earnings per share of $4.18 for the current fiscal year.
Insider transactions at Brinker International
In other 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 transaction, the chief operating officer now owns 38,164 shares of the company’s stock, valued at $2,606,982.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other 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 transaction, the chief operating officer now owns 38,164 shares of the company’s stock, valued at $2,606,982.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, SVP Daniel S. Fuller sold 3,611 shares of the company’s stock in a transaction dated Thursday, May 30. The shares were sold at an average price of $69.04, for a total transaction of $249,303.44. Following the completion of the transaction, the senior vice president now directly owns 34,764 shares of the company’s stock, valued at approximately $2,400,106.56. The disclosure regarding this sale can be found here. In the last 90 days, insiders have sold 16,564 shares of the company’s stock, valued at $1,147,884. Insiders own 1.50% of the company’s stock.
Hedge funds comment on Brinker International
Large investors have recently bought and sold shares of the company. Seven Eight Capital LP bought a new position in Brinker International during the fourth quarter valued at about $1,594,000. Cetera Advisors LLC bought a new position in Brinker International during the first quarter valued at about $714,000. Alpha DNA Investment Management LLC bought a new position in Brinker International during the fourth quarter valued at about $584,000. Lazard Asset Management LLC increased its holdings in Brinker International by 36.7% during the first quarter. Lazard Asset Management LLC now owns 279,974 shares of the restaurant operator’s stock valued at $13,908,000 after acquiring an additional 75,225 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Brinker International by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock valued at $275,004,000 after acquiring an additional 135,580 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.
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