Brinker International (NYSE:EAT) Price Target Increased to $76.00 by Analysts at Barclays

by · The Cerbat Gem

Brinker International (NYSE:EAT – Get Free Report) had its target price hoisted by research analysts at Barclays from $66.00 to $76.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price suggests a potential downside of 19.17% from the stock’s current price.

Several other research analysts have also commented on the stock. Wedbush restated a “neutral” rating and issued a $68.00 price objective on shares of Brinker International in a report on Thursday, August 15th. Argus downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Stifel Nicolaus raised their target price on shares of Brinker International from $62.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Bank of America raised their target price on shares of Brinker International from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, UBS Group lifted their price objective on shares of Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $74.62.

View Our Latest Stock Report on EAT

Brinker International Stock Performance

NYSE:EAT traded up $0.32 on Tuesday, reaching $94.03. 221,462 shares of the company’s stock were exchanged, compared to its average volume of 1,438,630. The stock has a fifty day simple moving average of $75.76 and a 200-day simple moving average of $67.05. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 1.35 and a beta of 2.51. Brinker International has a 52 week low of $31.95 and a 52 week high of $94.35. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32.

Brinker International (NYSE:EAT – Get Free Report) last posted its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company posted $1.39 EPS. The business’s revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts predict that Brinker International will post 4.66 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its position in Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 204 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Brinker International during the 1st quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Brinker International during the first quarter worth $47,000. Signaturefd LLC lifted its stake in Brinker International by 33.2% during the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 246 shares during the last quarter. Finally, Hollencrest Capital Management bought a new position in Brinker International during the first quarter worth $50,000.

Brinker International Company Profile

(Get Free Report)

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.

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