Brinker International (NYSE:EAT) Stock Price Expected to Rise, UBS Group Analyst Says

Brinker International (NYSE:EAT) had its price objective lifted by equities research analysts at UBS Group from $190.00 to $260.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. UBS Group’s target price would indicate a potential upside of 14.47% from the stock’s previous close.

Several other brokerages also recently commented on EAT. Barclays boosted their target price on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. KeyCorp lifted their price target on shares of Brinker International from $177.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. TD Cowen upped their price objective on shares of Brinker International from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Wells Fargo & Company increased their price objective on shares of Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Stephens started coverage on shares of Brinker International in a research report on Friday, July 17th. They issued an “overweight” rating and a $220.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $196.75.

Brinker International Price Performance

Shares of EAT traded up $1.92 during midday trading on Monday, hitting $227.12. The company’s stock had a trading volume of 678,925 shares, compared to its average volume of 1,157,044. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. Brinker International has a one year low of $100.30 and a one year high of $229.99. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 1.34 and a beta of 1.23. The company’s fifty day simple moving average is $177.52 and its two-hundred day simple moving average is $158.17.

Institutional Trading of Brinker International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Brinker International by 2.2% in the 2nd quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock valued at $1,130,552,000 after buying an additional 145,525 shares during the last quarter. Vanguard Group Inc. increased its position in Brinker International by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock valued at $691,680,000 after acquiring an additional 73,346 shares during the period. UBS Group AG raised its stake in shares of Brinker International by 103.2% during the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock valued at $427,066,000 after acquiring an additional 1,511,266 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Brinker International by 27.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock valued at $176,542,000 after acquiring an additional 301,912 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Brinker International by 667.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after purchasing an additional 993,435 shares during the period.

Brinker International Company Profile

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full?service restaurants, offering a range of American?style menu items, handcrafted cocktails and family?friendly dining experiences. Through dine?in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited?time offerings and seasonal beverages.