Brinker International (NYSE:EAT) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Brinker International (NYSE:EAT) had its price objective upped by analysts at Wells Fargo & Company from $85.00 to $95.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “underweight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 7.51% from the company’s current price.

A number of other equities analysts also recently issued reports on EAT. Wedbush reiterated a “neutral” rating and issued a $68.00 price target on shares of Brinker International in a report on Thursday, August 15th. JPMorgan Chase & Co. lowered Brinker International from an “overweight” rating to a “neutral” rating and upped their target price for the company from $67.00 to $100.00 in a report on Thursday. Argus downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Bank Of America (Bofa) raised their target price on shares of Brinker International from $94.00 to $97.00 in a report on Tuesday. Finally, Barclays upped their price target on shares of Brinker International from $76.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Brinker International currently has an average rating of “Hold” and a consensus target price of $84.19.

Brinker International Stock Performance

Shares of NYSE:EAT traded down $1.54 during midday trading on Thursday, hitting $102.71. The stock had a trading volume of 2,313,079 shares, compared to its average volume of 1,455,667. Brinker International has a 1 year low of $32.90 and a 1 year high of $107.15. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 19.96. The stock has a 50 day moving average price of $79.86 and a two-hundred day moving average price of $69.33. The company has a market capitalization of $4.57 billion, a PE ratio of 30.48, a P/E/G ratio of 1.35 and a beta of 2.51.

Brinker International (NYSE:EAT) last announced its quarterly earnings data 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. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. As a group, equities analysts predict that Brinker International will post 4.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC acquired a new stake in shares of Brinker International in the first quarter worth approximately $25,000. CWM LLC boosted its holdings in shares of Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 204 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Brinker International during the 1st quarter valued at $47,000. Hollencrest Capital Management acquired a new stake in shares of Brinker International during the 1st quarter worth $50,000. Finally, Covestor Ltd lifted its stake in shares of Brinker International by 32,500.0% in the 1st quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,300 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.