Brinker International (NYSE:EAT) Price Target Raised to $170.00

Brinker International (NYSE:EAT) had its target price increased by research analysts at Stifel Nicolaus from $155.00 to $170.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Stifel Nicolaus’ target price suggests a potential upside of 13.59% from the stock’s previous close.

A number of other brokerages have also issued reports on EAT. Wells Fargo & Company boosted their target price on shares of Brinker International from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Thursday. Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Tuesday, December 24th. Raymond James lowered shares of Brinker International from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Piper Sandler boosted their target price on shares of Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Bank of America boosted their target price on shares of Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Sixteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Brinker International currently has an average rating of “Hold” and a consensus target price of $110.24.

Brinker International Price Performance

Shares of NYSE:EAT traded up $0.16 during trading on Monday, hitting $149.66. 330,961 shares of the company’s stock were exchanged, compared to its average volume of 965,832. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 1.56 and a beta of 2.52. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. Brinker International has a 52-week low of $39.39 and a 52-week high of $155.13. The business’s 50-day simple moving average is $134.65 and its 200 day simple moving average is $98.85.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business posted $0.28 earnings per share. Brinker International’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities analysts predict that Brinker International will post 5.96 EPS for the current year.

Insider Buying and Selling at Brinker International

In other news, CFO Michaela M. Ware sold 3,753 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the completion of the sale, the chief financial officer now owns 23,071 shares in the company, valued at $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Brinker International

Large investors have recently modified their holdings of the stock. Stratos Wealth Partners LTD. grew its holdings in Brinker International by 186.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 12,403 shares of the restaurant operator’s stock worth $1,641,000 after acquiring an additional 8,080 shares during the period. Longboard Asset Management LP acquired a new position in Brinker International during the fourth quarter worth $219,000. Caprock Group LLC acquired a new stake in Brinker International in the fourth quarter valued at $310,000. Hunter Associates Investment Management LLC acquired a new stake in Brinker International in the fourth quarter valued at $281,000. Finally, R Squared Ltd acquired a new stake in Brinker International in the fourth quarter valued at $83,000.

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.