Stifel Nicolaus Issues Positive Forecast for Brinker International (NYSE:EAT) Stock Price

Brinker International (NYSE:EAT) had its price target lifted by Stifel Nicolaus from $110.00 to $120.00 in a report released on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the restaurant operator’s stock.

Several other research analysts have also weighed in on the company. Bank of America lifted their price objective on Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their target price on shares of Brinker International from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Wedbush reissued a “neutral” rating and set a $68.00 price target on shares of Brinker International in a research report on Thursday, August 15th. Raymond James downgraded shares of Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Finally, BMO Capital Markets cut shares of Brinker International from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $80.00 to $105.00 in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $86.45.

Brinker International Trading Up 1.5 %

EAT stock traded up $1.59 during trading on Monday, hitting $109.53. The company had a trading volume of 89,459 shares, compared to its average volume of 1,450,425. The stock has a market cap of $4.87 billion, a PE ratio of 26.33, a PEG ratio of 1.18 and a beta of 2.46. The business has a 50-day moving average of $81.21 and a 200-day moving average of $70.34. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. Brinker International has a one year low of $33.24 and a one year high of $110.01.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.10 billion. During the same period in the prior year, the firm posted $0.28 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Research analysts predict that Brinker International will post 5.44 earnings per share for the current fiscal year.

Insider Transactions at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the transaction, the chief financial officer now owns 23,071 shares in the company, valued at $2,376,774.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brinker International

Several hedge funds have recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of Brinker International during the 1st quarter valued at $25,000. CWM LLC boosted its stake in Brinker International by 96.2% during the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 204 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Brinker International in the first quarter worth about $47,000. Covestor Ltd increased its stake in shares of Brinker International by 32,500.0% during the first quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Brinker International by 33.2% during the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 246 shares during the last quarter.

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.