Brinker International (NYSE:EAT) Price Target Raised to $85.00

Brinker International (NYSE:EAT) had its target price increased by Wells Fargo & Company from $50.00 to $85.00 in a research note published on Monday, Benzinga reports. Wells Fargo & Company currently has an underweight rating on the restaurant operator’s stock.

A number of other equities research analysts have also recently issued reports on the company. BMO Capital Markets cut their target price on Brinker International from $85.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. Bank of America upgraded shares of Brinker International from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $63.00 to $90.00 in a research report on Thursday, October 10th. KeyCorp raised their price target on shares of Brinker International from $72.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Wedbush reiterated a “neutral” rating and set a $68.00 price objective on shares of Brinker International in a research report on Thursday, August 15th. Finally, Argus cut Brinker International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $74.62.

Brinker International Trading Up 1.5 %

Brinker International stock opened at $94.32 on Monday. Brinker International has a 1 year low of $31.95 and a 1 year high of $94.39. The firm’s 50-day moving average is $76.21 and its 200-day moving average is $67.38. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. The company has a market cap of $4.20 billion, a P/E ratio of 27.99, a PEG ratio of 1.35 and a beta of 2.51.

Brinker International (NYSE:EAT) last issued its earnings results 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 business 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 274.62% and a net margin of 3.52%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. On average, equities analysts expect that Brinker International will post 4.66 earnings per share for the current year.

Institutional Trading of Brinker International

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Brinker International by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,399,920 shares of the restaurant operator’s stock worth $233,169,000 after acquiring an additional 30,861 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Brinker International by 11.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 11,419 shares of the restaurant operator’s stock valued at $567,000 after purchasing an additional 1,170 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Brinker International in the 1st quarter worth about $99,000. Allspring Global Investments Holdings LLC raised its holdings in Brinker International by 8.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,190 shares of the restaurant operator’s stock worth $705,000 after buying an additional 1,111 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Brinker International by 0.3% during the first quarter. Principal Financial Group Inc. now owns 230,397 shares of the restaurant operator’s stock valued at $11,446,000 after buying an additional 577 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.