Brinker International (NYSE:EAT) Price Target Raised to $76.00

Brinker International (NYSE:EAT) had its price objective upped by Barclays from $66.00 to $76.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price points to a potential downside of 19.42% from the stock’s previous close.

Several other analysts have also recently weighed in on EAT. Bank of America upped their price objective on shares of Brinker International from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday. Raymond James lowered Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Citigroup lifted their price objective on Brinker International from $69.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. BMO Capital Markets decreased their target price on Brinker International from $85.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th. Finally, UBS Group raised their target price on Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.62.

Brinker International Price Performance

Brinker International stock opened at $94.32 on Tuesday. The business has a 50 day simple moving average of $76.21 and a 200 day simple moving average of $67.38. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32. The company has a market capitalization of $4.20 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.35 and a beta of 2.51. Brinker International has a one year low of $31.95 and a one year high of $94.39.

Brinker International (NYSE:EAT) last issued 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). Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business posted $1.39 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts forecast that Brinker International will post 4.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Brinker International

A number of hedge funds and other institutional investors have recently bought and sold shares of EAT. Nisa Investment Advisors LLC raised its position in shares of Brinker International by 1.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock valued at $967,000 after acquiring an additional 169 shares during the last quarter. CWM LLC grew its stake in shares of Brinker International by 96.2% during 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 period. Arizona State Retirement System increased its holdings in Brinker International by 1.9% in the second quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock valued at $896,000 after purchasing an additional 234 shares during the last quarter. Signaturefd LLC lifted its stake in Brinker International by 33.2% in 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 period. Finally, Transcendent Capital Group LLC bought a new position in Brinker International during the first quarter worth about $25,000.

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.