Brinker International (NYSE:EAT) Price Target Raised to $83.00 at Citigroup

by · The Cerbat Gem

Brinker International (NYSE:EAT – Get Free Report) had its target price upped by equities researchers at Citigroup from $69.00 to $83.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price would indicate a potential upside of 0.04% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Wells Fargo & Company increased their target price on Brinker International from $45.00 to $50.00 and gave the company an “underweight” rating in a research report on Thursday, August 15th. Evercore ISI raised their price objective on Brinker International from $65.00 to $69.00 and gave the company an “in-line” rating in a report on Thursday, August 15th. Stifel Nicolaus raised their price objective on Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Bank of America raised their price objective on Brinker International from $58.00 to $63.00 and gave the company an “underperform” rating in a report on Thursday, August 15th. Finally, Argus lowered Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.68.

Read Our Latest Research Report on EAT

Brinker International Trading Down 1.8 %

Shares of NYSE:EAT opened at $82.97 on Tuesday. Brinker International has a 1 year low of $29.65 and a 1 year high of $84.76. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.27 and a beta of 2.51. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32. The business’s 50 day moving average price is $71.71 and its 200-day moving average price is $64.69.

Brinker International (NYSE:EAT – Get Free Report) last announced its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business earned $1.39 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities research analysts forecast that Brinker International will post 4.64 earnings per share for the current fiscal year.

Institutional Trading of Brinker International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its stake in shares of Brinker International by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock worth $967,000 after acquiring an additional 169 shares during the last quarter. CWM LLC increased its position in shares of 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 during the last quarter. Arizona State Retirement System increased its position in shares of Brinker International by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock worth $896,000 after purchasing an additional 234 shares during the last quarter. Signaturefd LLC increased its position 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 during the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Brinker International during the 1st quarter worth about $25,000.

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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