Brinker International (NYSE:EAT) Given New $69.00 Price Target at Evercore ISI

Brinker International (NYSE:EAT) had its price target increased by Evercore ISI from $65.00 to $69.00 in a research report sent to investors on Thursday, Benzinga reports. Evercore ISI currently has an in-line rating on the restaurant operator’s stock.

EAT has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their target price on Brinker International from $48.00 to $62.00 and gave the stock an overweight rating in a report on Tuesday, May 28th. BMO Capital Markets boosted their price target on Brinker International from $55.00 to $65.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. Bank of America upped their target price on Brinker International from $51.00 to $58.00 and gave the company an underperform rating in a research report on Wednesday, July 17th. UBS Group upped their target price on Brinker International from $46.00 to $50.00 and gave the company a neutral rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley upped their target price on Brinker International from $42.00 to $50.00 and gave the company an underweight rating in a research report on Tuesday, July 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $61.85.

Brinker International Price Performance

NYSE:EAT opened at $65.57 on Thursday. Brinker International has a 1 year low of $28.23 and a 1 year high of $76.02. The stock’s 50 day simple moving average is $67.23 and its two-hundred day simple moving average is $57.39. 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.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 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 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 EPS. As a group, analysts anticipate that Brinker International will post 4.18 EPS for the current year.

Insiders Place Their Bets

In other Brinker International news, COO Douglas N. Comings sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was 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 in the company, valued at $2,606,982.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Brinker International news, COO Douglas N. Comings sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was 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 in the company, valued at $2,606,982.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Douglas N. Comings sold 2,953 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $72.97, for a total value of $215,480.41. Following the transaction, the chief operating officer now directly owns 38,164 shares of the company’s stock, valued at approximately $2,784,827.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,564 shares of company stock worth $1,147,884. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brinker International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cape Cod Five Cents Savings Bank acquired a new stake in shares of Brinker International in the second quarter valued at approximately $210,000. Creative Planning increased its stake in Brinker International by 49.3% during the second quarter. Creative Planning now owns 14,310 shares of the restaurant operator’s stock worth $1,036,000 after acquiring an additional 4,723 shares during the last quarter. Algert Global LLC acquired a new stake in Brinker International during the second quarter worth $322,000. Shellback Capital LP acquired a new stake in Brinker International during the second quarter worth $7,963,000. Finally, Mackenzie Financial Corp acquired a new stake in Brinker International during the second quarter worth $204,000.

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.