Brinker International (NYSE:EAT) Price Target Raised to $97.00

Brinker International (NYSE:EAT) had its target price increased by Piper Sandler from $62.00 to $97.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Other research analysts have also issued research reports about the company. UBS Group raised their price objective on Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. KeyCorp lifted their target price on Brinker International from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Barclays boosted their price objective on Brinker International from $76.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Raymond James cut Brinker International from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus boosted their price objective on Brinker International from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.45.

Brinker International Stock Performance

EAT stock opened at $110.73 on Monday. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. The business has a 50-day moving average price of $84.45 and a 200 day moving average price of $71.82. The company has a market capitalization of $4.92 billion, a P/E ratio of 27.01, a PEG ratio of 1.19 and a beta of 2.46. Brinker International has a 1-year low of $33.24 and a 1-year high of $119.42.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating 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 firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm posted $0.28 EPS. Brinker International’s revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts forecast that Brinker International will post 5.53 EPS for the current fiscal year.

Insider Buying and Selling at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of Brinker International 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 completion of the transaction, the chief financial officer now owns 23,071 shares in the company, valued at approximately $2,376,774.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.72% of the company’s stock.

Institutional Trading of Brinker International

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC bought a new position in shares of Brinker International during the 3rd quarter worth about $5,330,000. Parametrica Management Ltd purchased a new position in Brinker International in the 3rd quarter worth $209,000. North Growth Management Ltd. lifted its stake in shares of Brinker International by 0.5% in the third quarter. North Growth Management Ltd. now owns 213,000 shares of the restaurant operator’s stock worth $16,263,000 after buying an additional 1,000 shares in the last quarter. Versor Investments LP raised its holdings in shares of Brinker International by 56.3% during the third quarter. Versor Investments LP now owns 9,220 shares of the restaurant operator’s stock valued at $706,000 after purchasing an additional 3,320 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Brinker International by 2.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 27,863 shares of the restaurant operator’s stock valued at $2,132,000 after purchasing an additional 732 shares during the last quarter.

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.