Brinker International (NYSE:EAT) Price Target Raised to $120.00

Brinker International (NYSE:EAT) had its price target increased by Stifel Nicolaus from $110.00 to $120.00 in a research report released on Monday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut Brinker International from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $67.00 to $100.00 in a research report on Thursday, October 31st. Morgan Stanley increased their price objective on shares of Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a report on Tuesday, July 16th. Wedbush reissued a “neutral” rating and issued a $68.00 target price on shares of Brinker International in a report on Thursday, August 15th. Raymond James lowered shares of Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Finally, UBS Group lifted their price target on shares of Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Brinker International presently has an average rating of “Hold” and an average target price of $86.45.

Brinker International Price Performance

Shares of NYSE:EAT opened at $115.88 on Monday. The company has a market capitalization of $5.15 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.18 and a beta of 2.46. Brinker International has a 1-year low of $33.24 and a 1-year high of $119.42. The firm’s 50 day simple moving average is $82.72 and its two-hundred day simple moving average is $71.23. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26.

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, beating analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company earned $0.28 EPS. Brinker International’s revenue for the quarter was up 12.5% on a year-over-year basis. Research analysts expect that Brinker International will post 5.44 EPS for the current fiscal year.

Insider Activity

In other news, CFO Michaela M. Ware sold 3,753 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the transaction, the chief financial officer now owns 23,071 shares of the company’s stock, valued at approximately $2,376,774.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in shares of Brinker International in the 1st quarter worth about $25,000. CWM LLC lifted its stake 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 purchasing an additional 204 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Brinker International during the first quarter valued at approximately $47,000. Covestor Ltd grew its stake in shares of Brinker International by 32,500.0% during 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 during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Brinker International by 33.2% during the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after buying an additional 246 shares during the last quarter.

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.