Brinker International (NYSE:EAT) Price Target Cut to $30.00

Brinker International (NYSE:EATGet Rating) had its price target cut by KeyCorp from $40.00 to $30.00 in a research report released on Friday morning, Stock Target Advisor reports. They currently have an overweight rating on the restaurant operator’s stock.

Several other equities analysts have also weighed in on the stock. Raymond James reduced their target price on shares of Brinker International from $42.50 to $28.50 in a report on Tuesday, July 19th. Morgan Stanley reduced their target price on shares of Brinker International from $37.00 to $26.00 and set an equal weight rating on the stock in a report on Monday, July 18th. Stifel Nicolaus reduced their target price on shares of Brinker International from $42.00 to $40.00 in a report on Monday, May 9th. StockNews.com initiated coverage on shares of Brinker International in a report on Thursday, March 31st. They issued a hold rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Brinker International from $44.00 to $41.00 in a report on Thursday, May 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $41.34.

Brinker International Stock Down 0.2 %

Shares of NYSE EAT opened at $25.35 on Friday. Brinker International has a 52-week low of $21.47 and a 52-week high of $60.66. The firm has a fifty day moving average of $25.99 and a 200-day moving average of $33.14. The stock has a market capitalization of $1.11 billion, a PE ratio of 7.75, a P/E/G ratio of 0.66 and a beta of 2.39.

Brinker International (NYSE:EATGet Rating) last announced 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 $0.99 by ($0.07). Brinker International had a net margin of 4.02% and a negative return on equity of 53.59%. The company had revenue of $980.40 million for the quarter, compared to analysts’ expectations of $978.08 million. During the same period in the prior year, the firm earned $0.78 earnings per share. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts expect that Brinker International will post 3.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Brinker International

Hedge funds and other institutional investors have recently modified their holdings of the stock. James Investment Research Inc. bought a new stake in shares of Brinker International during the 4th quarter valued at about $468,000. LSV Asset Management bought a new stake in shares of Brinker International during the 4th quarter valued at about $3,861,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Brinker International during the 4th quarter valued at about $1,511,000. Hussman Strategic Advisors Inc. grew its position in shares of Brinker International by 91.7% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 41,600 shares of the restaurant operator’s stock valued at $1,522,000 after buying an additional 19,900 shares during the last quarter. Finally, Peregrine Capital Management LLC bought a new stake in shares of Brinker International during the 4th quarter valued at about $9,773,000. Institutional investors 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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