Brinker International (NYSE:EAT) Price Target Increased to $53.00 by Analysts at Evercore ISI

Brinker International (NYSE:EAT) had its price target raised by Evercore ISI from $50.00 to $53.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has an in-line rating on the restaurant operator’s stock.

EAT has been the subject of several other research reports. StockNews.com downgraded shares of Brinker International from a buy rating to a hold rating in a report on Thursday, February 1st. Morgan Stanley raised their price target on shares of Brinker International from $36.00 to $39.00 and gave the company an underweight rating in a research note on Friday, April 12th. BMO Capital Markets boosted their price objective on Brinker International from $52.00 to $55.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Royal Bank of Canada boosted their price target on Brinker International from $43.00 to $46.00 and gave the stock a sector perform rating in a research report on Thursday, February 1st. Finally, Jefferies Financial Group raised their price target on Brinker International from $47.00 to $48.00 and gave the company a hold rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Brinker International has an average rating of Hold and a consensus price target of $46.06.

Brinker International Stock Performance

NYSE EAT opened at $54.98 on Wednesday. The firm has a market capitalization of $2.45 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42. Brinker International has a one year low of $28.23 and a one year high of $56.30. The company has a 50-day simple moving average of $47.99 and a 200-day simple moving average of $42.32.

Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 EPS for the quarter, beating the consensus estimate of $1.15 by $0.09. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 earnings per share. Equities analysts forecast that Brinker International will post 3.98 earnings per share for the current year.

Hedge Funds Weigh In On Brinker International

Hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. purchased a new position in Brinker International in the 4th quarter worth about $3,522,000. Invesco Ltd. raised its holdings in shares of Brinker International by 20.4% during the third quarter. Invesco Ltd. now owns 332,176 shares of the restaurant operator’s stock valued at $10,493,000 after acquiring an additional 56,192 shares during the period. SG Americas Securities LLC lifted its position in shares of Brinker International by 5.5% in the 4th quarter. SG Americas Securities LLC now owns 23,079 shares of the restaurant operator’s stock valued at $997,000 after acquiring an additional 1,205 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Brinker International by 63.9% in the 3rd quarter. New York State Common Retirement Fund now owns 31,428 shares of the restaurant operator’s stock worth $993,000 after purchasing an additional 12,251 shares during the period. Finally, Barclays PLC grew its position in Brinker International by 411.7% during the 3rd quarter. Barclays PLC now owns 170,719 shares of the restaurant operator’s stock worth $5,394,000 after purchasing an additional 137,354 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.