Deutsche Bank Aktiengesellschaft Lowers Brinker International (NYSE:EAT) Price Target to $41.00

Brinker International (NYSE:EATGet Rating) had its target price reduced by Deutsche Bank Aktiengesellschaft from $44.00 to $41.00 in a report released on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 18.33% from the company’s current price.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group reduced their price objective on Brinker International from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 3rd. Citigroup started coverage on Brinker International in a report on Tuesday, April 12th. They set a “neutral” rating and a $38.00 price objective on the stock. Barclays reduced their price objective on Brinker International from $44.00 to $37.00 in a report on Thursday. Raymond James cut their price target on Brinker International from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 26th. Finally, Royal Bank of Canada increased their price target on Brinker International from $38.00 to $40.00 and gave the company a “sector perform” rating in a research note on Thursday, February 3rd. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Brinker International currently has a consensus rating of “Hold” and a consensus price target of $48.32.

Shares of EAT opened at $34.65 on Thursday. The company has a market capitalization of $1.55 billion, a P/E ratio of 10.86, a PEG ratio of 1.11 and a beta of 2.33. Brinker International has a one year low of $30.20 and a one year high of $65.89. The business’s 50 day simple moving average is $36.94 and its 200-day simple moving average is $38.16.

Brinker International (NYSE:EATGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The restaurant operator reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.11). Brinker International had a negative return on equity of 48.95% and a net margin of 4.11%. The firm had revenue of $980.40 million for the quarter, compared to analyst estimates of $978.08 million. During the same period in the prior year, the company posted $0.78 EPS. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. Sell-side analysts anticipate that Brinker International will post 3.49 EPS for the current fiscal year.

In other news, CEO Wyman Roberts sold 13,103 shares of the firm’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $38.20, for a total transaction of $500,534.60. Following the transaction, the chief executive officer now directly owns 243,873 shares of the company’s stock, valued at $9,315,948.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph G. Taylor sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 10th. The shares were sold at an average price of $42.94, for a total transaction of $214,700.00. The disclosure for this sale can be found here. Insiders have sold 44,103 shares of company stock worth $1,757,955 over the last ninety days. Insiders own 4.21% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new position in shares of Brinker International during the 4th quarter worth about $30,000. CWM LLC raised its holdings in shares of Brinker International by 200.9% in the 1st quarter. CWM LLC now owns 1,044 shares of the restaurant operator’s stock worth $40,000 after acquiring an additional 697 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Brinker International in the 4th quarter valued at about $51,000. FourThought Financial LLC increased its stake in Brinker International by 6,063.6% in the 1st quarter. FourThought Financial LLC now owns 1,356 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 1,334 shares during the last quarter. Finally, CoreFirst Bank & Trust increased its stake in Brinker International by 100.3% in the 3rd quarter. CoreFirst Bank & Trust now owns 1,320 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 661 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

About Brinker International (Get Rating)

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. The company operates in two segments, Chili's and Maggiano's. As of June 30, 2021, it owned, operated, or franchised 1,648 restaurants comprising 1,594 restaurants under the Chili's Grill & Bar name and 54 restaurants under the Maggiano's Little Italy brand name.

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