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

Brinker International (NYSE:EAT) had its price target upped by KeyCorp from $100.00 to $115.00 in a research note published on Thursday, Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

Several other equities analysts have also commented on the company. Wells Fargo & Company upped their price target on Brinker International from $50.00 to $85.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. UBS Group upped their price target on Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Bank Of America (Bofa) upped their price target on Brinker International from $94.00 to $97.00 in a research note on Tuesday. Wedbush reaffirmed a “neutral” rating and issued a $68.00 price target on shares of Brinker International in a research note on Thursday, August 15th. Finally, Barclays upped their price target on Brinker International from $76.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $84.19.

Brinker International Stock Performance

NYSE EAT opened at $102.71 on Thursday. The stock’s fifty day moving average is $79.86 and its two-hundred day moving average is $69.33. The firm has a market capitalization of $4.60 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 1.71 and a beta of 2.51. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.32 and a current ratio of 0.32. Brinker International has a fifty-two week low of $32.90 and a fifty-two week high of $107.15.

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, topping analysts’ consensus estimates of $0.69 by $0.26. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. On average, research analysts anticipate that Brinker International will post 4.78 earnings per share for the current year.

Institutional Investors Weigh In On Brinker International

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