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

Brinker International (NYSE:EAT) had its price objective hoisted by Barclays from $150.00 to $190.00 in a research report released on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

A number of other research firms have also recently commented on EAT. UBS Group boosted their price target on shares of Brinker International from $108.00 to $146.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. BMO Capital Markets upped their price objective on Brinker International from $105.00 to $125.00 and gave the stock a “market perform” rating in a report on Monday. Citigroup raised their price objective on Brinker International from $83.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. KeyCorp cut shares of Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price objective for the company. in a research note on Friday, January 24th. Finally, 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 report on Thursday, October 31st. Sixteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $135.48.

Brinker International Trading Up 1.4 %

Shares of Brinker International stock opened at $182.37 on Thursday. The stock has a market capitalization of $8.10 billion, a P/E ratio of 31.61, a P/E/G ratio of 0.97 and a beta of 2.52. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32. The stock’s 50-day simple moving average is $138.17 and its 200 day simple moving average is $101.23. Brinker International has a 52-week low of $40.50 and a 52-week high of $184.19.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a return on equity of 16,722.22% and a net margin of 5.45%. As a group, research analysts anticipate that Brinker International will post 7.75 EPS for the current year.

Hedge Funds Weigh In On Brinker International

Institutional investors and hedge funds have recently made changes to their positions in the business. Wolff Wiese Magana LLC increased its holdings in Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 worth $41,000 after acquiring an additional 171 shares during the period. R Squared Ltd bought a new stake in Brinker International during the 4th quarter valued at approximately $83,000. Longboard Asset Management LP bought a new position in Brinker International in the 4th quarter worth approximately $219,000. Finally, Advisory Resource Group bought a new stake in shares of Brinker International during the fourth quarter valued at approximately $221,000.

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.