Brokerages Set Brinker International, Inc. (NYSE:EAT) PT at $46.47

Shares of Brinker International, Inc. (NYSE:EATGet Rating) have been assigned a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $46.47.

EAT has been the topic of several research reports. Wedbush raised their price objective on Brinker International from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, February 3rd. Citigroup started coverage on Brinker International in a research report on Tuesday, April 12th. They set a “neutral” rating and a $38.00 price target on the stock. BMO Capital Markets decreased their price objective on Brinker International from $60.00 to $48.00 in a report on Thursday, May 5th. Barclays cut their target price on shares of Brinker International from $44.00 to $37.00 in a report on Thursday, May 5th. Finally, Stifel Nicolaus decreased their price target on shares of Brinker International from $42.00 to $40.00 in a research note on Monday, May 9th.

EAT opened at $29.25 on Friday. The business’s 50-day simple moving average is $35.09 and its 200-day simple moving average is $36.72. The company has a market cap of $1.28 billion, a P/E ratio of 8.94, a PEG ratio of 0.91 and a beta of 2.33. Brinker International has a one year low of $25.14 and a one year high of $65.21.

Brinker International (NYSE:EATGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The restaurant operator reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). The company had revenue of $980.40 million for the quarter, compared to analysts’ expectations of $978.08 million. Brinker International had a negative return on equity of 53.59% and a net margin of 4.02%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. Analysts forecast that Brinker International will post 3.15 EPS for the current year.

In related news, CEO Wyman Roberts sold 12,500 shares of the stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $40.00, for a total transaction of $500,000.00. Following the completion of the transaction, the chief executive officer now owns 231,373 shares in the company, valued at $9,254,920. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 26,103 shares of company stock worth $1,015,625 in the last three months. Insiders own 4.21% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new position in shares of Brinker International in the 4th quarter worth about $30,000. CWM LLC increased its holdings in shares of Brinker International by 200.9% in the first quarter. CWM LLC now owns 1,044 shares of the restaurant operator’s stock worth $40,000 after purchasing an additional 697 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Brinker International during the fourth quarter worth approximately $51,000. FourThought Financial LLC raised its stake in shares of Brinker International by 6,063.6% in the first quarter. FourThought Financial LLC now owns 1,356 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 1,334 shares during the period. Finally, CoreFirst Bank & Trust lifted its position in shares of Brinker International by 100.3% during the third quarter. CoreFirst Bank & Trust now owns 1,320 shares of the restaurant operator’s stock worth $65,000 after purchasing 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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Analyst Recommendations for Brinker International (NYSE:EAT)

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