Deutsche Bank Aktiengesellschaft Raises Brinker International (NYSE:EAT) Price Target to $38.00

Brinker International (NYSE:EAT – Get Rating) had its price objective raised by Deutsche Bank Aktiengesellschaft from $34.00 to $38.00 in a report published on Tuesday morning, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the restaurant operator’s stock.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley lifted their target price on Brinker International from $30.00 to $40.00 and gave the stock an equal weight rating in a report on Wednesday, January 18th. Jefferies Financial Group downgraded Brinker International from a buy rating to a hold rating and dropped their target price for the stock from $38.00 to $35.00 in a report on Wednesday, December 21st. The Goldman Sachs Group downgraded Brinker International from a neutral rating to a sell rating and dropped their target price for the stock from $31.00 to $28.00 in a report on Monday, December 12th. Barclays dropped their target price on Brinker International from $31.00 to $30.00 and set an equal weight rating for the company in a report on Thursday, January 5th. Finally, StockNews.com began coverage on Brinker International in a report on Wednesday, October 12th. They set a hold rating for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Brinker International has an average rating of Hold and an average price target of $35.94.

Brinker International Price Performance

Shares of Brinker International stock opened at $37.66 on Tuesday. The business has a fifty day simple moving average of $34.56 and a two-hundred day simple moving average of $30.31. Brinker International has a 1 year low of $21.47 and a 1 year high of $44.03. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.07 and a beta of 2.25.

Brinker International (NYSE:EAT – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The restaurant operator reported ($0.57) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.03. Brinker International had a negative return on equity of 33.11% and a net margin of 1.91%. The business had revenue of $955.50 million during the quarter, compared to the consensus estimate of $934.58 million. During the same quarter last year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts anticipate that Brinker International will post 2.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. MQS Management LLC bought a new position in Brinker International in the second quarter valued at about $250,000. Clear Harbor Asset Management LLC grew its holdings in shares of Brinker International by 126.8% during the second quarter. Clear Harbor Asset Management LLC now owns 32,925 shares of the restaurant operator’s stock worth $725,000 after purchasing an additional 18,405 shares during the last quarter. Peregrine Capital Management LLC grew its holdings in shares of Brinker International by 27.5% during the second quarter. Peregrine Capital Management LLC now owns 448,070 shares of the restaurant operator’s stock worth $9,871,000 after purchasing an additional 96,625 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of Brinker International during the second quarter worth about $296,000. Finally, Econ Financial Services Corp bought a new stake in shares of Brinker International during the third quarter worth about $1,147,000.

About Brinker International

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Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants under the under the Chili's Grill & Bar and Maggiano's Little Italy brand name in the United States and internationally. The company operates in two segments, Chili's and Maggiano's.