Brinker International, Inc. (NYSE:EAT) Stock Has Average Price Target of $249.80

Brinker International, Inc. (NYSE:EAT) has earned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $249.80.

Several equities research analysts recently weighed in on EAT shares. Seaport Research Partners assumed coverage on Brinker International in a report on Wednesday, September 16th. They issued a “buy” rating and a $230.00 target price for the company. Zacks Research downgraded Brinker International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. BMO Capital Markets lifted their price target on shares of Brinker International from $175.00 to $230.00 and gave the company a “market perform” rating in a research report on Thursday, August 13th. Raymond James Financial raised shares of Brinker International from an “outperform” rating to a “strong-buy” rating and dropped their price target for the company from $270.00 to $260.00 in a research report on Friday, October 16th. Finally, Piper Sandler boosted their price objective on shares of Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th.

Brinker International Price Performance

NYSE EAT opened at $200.37 on Friday. Brinker International has a fifty-two week low of $105.51 and a fifty-two week high of $254.99. The stock’s 50-day moving average is $204.29 and its two-hundred day moving average is $176.36. The firm has a market cap of $8.32 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 0.98 and a beta of 1.37. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.34 and a quick ratio of 0.29.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.32. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Brinker International had a return on equity of 125.65% and a net margin of 8.44%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.17 EPS. On average, analysts anticipate that Brinker International will post 13.70 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Brinker International news, EVP George S. Felix sold 14,349 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $237.47, for a total transaction of $3,407,457.03. Following the completion of the transaction, the executive vice president owned 6,293 shares of the company’s stock, valued at $1,494,398.71. The trade was a 69.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin Hochman sold 40,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $243.15, for a total transaction of $9,726,000.00. Following the sale, the chief executive officer owned 144,090 shares of the company’s stock, valued at $35,035,483.50. This trade represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 167,955 shares of company stock worth $39,335,764 in the last ninety days. 1.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Brinker International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new position in shares of Brinker International during the 3rd quarter worth about $28,000. Kilter Group LLC bought a new stake in Brinker International during the 2nd quarter valued at approximately $35,000. CoreCap Advisors LLC grew its holdings in Brinker International by 33,000.0% in the 2nd quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock valued at $56,000 after buying an additional 330 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Brinker International in the 2nd quarter valued at approximately $71,000. Finally, Parkside Financial Bank & Trust grew its holdings in Brinker International by 881.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 471 shares of the restaurant operator’s stock valued at $79,000 after buying an additional 423 shares during the last quarter.

Brinker International Company Profile

Brinker International, Inc. is a casual-dining restaurant company based in Dallas, Texas. It owns, operates and franchises restaurants under the Chili’s Grill & Bar and Maggiano’s Little Italy brands. Chili’s serves a broad menu of American and Tex-Mex-inspired dishes, including burgers, ribs and fajitas. Maggiano’s specializes in Italian-American cuisine, with dishes such as pasta and other classic entrées. The company traces its roots to 1975, when founder Norman Brinker opened the first Chili’s restaurant in Dallas.