Brinker International (NYSE:EAT) Stock Rating Lowered by Argus

by · The Cerbat Gem

Argus lowered shares of Brinker International (NYSE:EAT – Free Report) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports.

EAT has been the topic of several other research reports. Evercore ISI increased their target price on Brinker International from $65.00 to $69.00 and gave the stock an in-line rating in a research report on Thursday, August 15th. Wedbush reaffirmed a neutral rating and set a $68.00 target price on shares of Brinker International in a report on Thursday, August 15th. BMO Capital Markets decreased their price target on Brinker International from $85.00 to $80.00 and set an outperform rating on the stock in a research report on Thursday, August 15th. Morgan Stanley raised their price objective on shares of Brinker International from $42.00 to $50.00 and gave the company an underweight rating in a research report on Tuesday, July 16th. Finally, Bank of America upped their target price on shares of Brinker International from $58.00 to $63.00 and gave the stock an underperform rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $63.53.

View Our Latest Stock Analysis on EAT

Brinker International Stock Up 5.0 %

EAT stock opened at $83.82 on Tuesday. The stock has a fifty day moving average of $70.32 and a 200-day moving average of $63.54. Brinker International has a fifty-two week low of $28.23 and a fifty-two week high of $83.93. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.27 and a beta of 2.52. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38.

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 the consensus estimate of $1.65 by ($0.04). The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. Brinker International’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS. As a group, equities research analysts predict that Brinker International will post 4.64 earnings per share for the current year.

Institutional Trading of Brinker International

Institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in shares of Brinker International by 1.3% in the second quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock worth $967,000 after buying an additional 169 shares during the last quarter. CWM LLC boosted its position in shares of Brinker International by 96.2% in the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 204 shares during the period. Arizona State Retirement System increased its stake in shares of Brinker International by 1.9% in the second 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 in the last quarter. Signaturefd LLC raised 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 valued at $71,000 after purchasing an additional 246 shares during the period. Finally, Transcendent Capital Group LLC bought a new stake in shares of Brinker International during the 1st quarter valued at $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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