Brokerages Set Brinker International, Inc. (NYSE:EAT) Target Price at $98.53

Brinker International, Inc. (NYSE:EAT) has been assigned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $98.53.

Several research firms have weighed in on EAT. JPMorgan Chase & Co. lowered Brinker International from an “overweight” rating to a “neutral” rating and increased their target price for the company from $67.00 to $100.00 in a research note on Thursday, October 31st. Piper Sandler lifted their price objective on shares of Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wells Fargo & Company raised shares of Brinker International from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $95.00 to $130.00 in a research note on Thursday, December 12th. Stifel Nicolaus lifted their price target on shares of Brinker International from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, KeyCorp boosted their price target on shares of Brinker International from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 31st.

Brinker International Trading Up 2.5 %

Shares of NYSE EAT opened at $141.14 on Wednesday. Brinker International has a fifty-two week low of $37.25 and a fifty-two week high of $141.18. The firm has a market capitalization of $6.27 billion, a P/E ratio of 34.42, a P/E/G ratio of 1.46 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. The company’s 50 day simple moving average is $124.48 and its 200 day simple moving average is $91.13.

Brinker International (NYSE:EAT) last posted its quarterly earnings results 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. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the business posted $0.28 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts predict that Brinker International will post 5.43 EPS for the current year.

Insider Activity at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $103.02, for a total value of $386,634.06. Following the completion of the transaction, the chief financial officer now owns 23,071 shares of the company’s stock, valued at approximately $2,376,774.42. This trade 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 accessible through this hyperlink. 1.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Brinker International

Large investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Brinker International by 123.9% in the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 171 shares during the last quarter. Signaturefd LLC raised its stake in shares of Brinker International by 33.2% during the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 246 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of Brinker International by 1,265.2% in the 2nd quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator’s stock valued at $136,000 after buying an additional 1,746 shares during the last quarter. Xponance Inc. bought a new position in shares of Brinker International in the second quarter valued at $202,000. Finally, Burford Brothers Inc. bought a new position in shares of Brinker International in the third quarter valued at $203,000.

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.