Brinker International (NYSE:EAT) Price Target Raised to $110.00 at Citigroup

Brinker International (NYSE:EAT) had its target price raised by research analysts at Citigroup from $83.00 to $110.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price would indicate a potential upside of 7.10% from the stock’s current price.

Several other research firms have also recently issued reports on EAT. Wedbush reissued a “neutral” rating and set a $68.00 target price on shares of Brinker International in a research note on Thursday, August 15th. BMO Capital Markets cut shares of Brinker International from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $80.00 to $105.00 in a research report on Thursday. Evercore ISI increased their price target on shares of Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 15th. Morgan Stanley lifted their price objective on Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a research report on Tuesday, July 16th. Finally, Raymond James lowered Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $84.19.

Brinker International Trading Down 1.5 %

Shares of NYSE EAT traded down $1.54 during midday trading on Thursday, reaching $102.71. The company had a trading volume of 2,313,079 shares, compared to its average volume of 1,455,667. The stock has a market cap of $4.57 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 1.35 and a beta of 2.51. Brinker International has a one year low of $32.90 and a one year high of $107.15. The firm’s fifty day moving average price is $79.86 and its 200-day moving average price is $69.33. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 19.96.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, equities research analysts anticipate that Brinker International will post 4.66 earnings per share for the current year.

Hedge Funds Weigh In On Brinker International

Several hedge funds and other institutional investors have recently modified their holdings of EAT. Allspring Global Investments Holdings LLC increased its position in Brinker International by 8.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,190 shares of the restaurant operator’s stock valued at $705,000 after acquiring an additional 1,111 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Brinker International by 6.7% during the 1st quarter. BNP Paribas Financial Markets now owns 37,120 shares of the restaurant operator’s stock valued at $1,844,000 after purchasing an additional 2,343 shares during the last quarter. Hollencrest Capital Management bought a new position in shares of Brinker International in the 1st quarter worth approximately $50,000. Texas Permanent School Fund Corp boosted its holdings in shares of Brinker International by 3.4% in the first quarter. Texas Permanent School Fund Corp now owns 38,707 shares of the restaurant operator’s stock worth $1,923,000 after buying an additional 1,264 shares during the last quarter. Finally, Duality Advisers LP purchased a new stake in Brinker International during the first quarter valued at approximately $323,000.

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.