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.
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
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.
- Get a free copy of the StockNews.com research report on Brinker International (EAT)
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