Brinker International (NYSE:EAT) PT Raised to $39.00 at Morgan Stanley

Brinker International (NYSE:EAT) had its target price lifted by research analysts at Morgan Stanley from $36.00 to $39.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the restaurant operator’s stock. Morgan Stanley’s price objective would suggest a potential downside of 13.79% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Brinker International from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Raymond James lifted their price target on Brinker International from $45.00 to $50.00 and gave the company a “strong-buy” rating in a report on Thursday, February 1st. Royal Bank of Canada boosted their price objective on Brinker International from $43.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. raised their target price on Brinker International from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Finally, Barclays boosted their price target on Brinker International from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.00.

Brinker International Stock Down 3.0 %

EAT opened at $45.24 on Friday. The company’s 50-day moving average price is $46.81 and its 200 day moving average price is $40.50. Brinker International has a fifty-two week low of $28.23 and a fifty-two week high of $51.72. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.76 and a beta of 2.46.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%. Research analysts anticipate that Brinker International will post 3.71 earnings per share for the current year.

Insider Buying and Selling at Brinker International

In other news, CFO Joseph G. Taylor sold 24,163 shares of Brinker International stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $44.97, for a total value of $1,086,610.11. Following the transaction, the chief financial officer now owns 56,661 shares of the company’s stock, valued at approximately $2,548,045.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. State of Wyoming purchased a new position in Brinker International in the second quarter valued at about $27,000. TFO Wealth Partners LLC grew its stake in shares of Brinker International by 64,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 648 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Brinker International by 3,611.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock worth $29,000 after buying an additional 650 shares during the last quarter. Signaturefd LLC lifted its stake in Brinker International by 68.9% in the third quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 386 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Brinker International in the third quarter worth approximately $31,000.

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.