Analysts Set Brinker International, Inc. (NYSE:EAT) Target Price at $37.93

Shares of Brinker International, Inc. (NYSE:EAT) have earned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $37.93.

Several equities analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on Brinker International in a research report on Monday, June 26th. They set an “underweight” rating and a $31.00 target price on the stock. Piper Sandler initiated coverage on Brinker International in a research report on Monday, July 17th. They set a “neutral” rating and a $40.00 target price on the stock. Royal Bank of Canada upped their price target on Brinker International from $40.00 to $41.00 in a research note on Wednesday, July 12th. JPMorgan Chase & Co. dropped their price target on Brinker International from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, August 17th. Finally, BMO Capital Markets dropped their price target on Brinker International from $48.00 to $45.00 in a research note on Thursday, June 8th.

Institutional Investors Weigh In On Brinker International

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in Brinker International by 469.0% during the 1st quarter. SG Americas Securities LLC now owns 32,315 shares of the restaurant operator’s stock valued at $1,228,000 after purchasing an additional 26,636 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in Brinker International during the 1st quarter valued at approximately $106,000. Swiss National Bank grew its stake in Brinker International by 1.8% during the 4th quarter. Swiss National Bank now owns 105,900 shares of the restaurant operator’s stock valued at $3,379,000 after purchasing an additional 1,900 shares in the last quarter. Wakefield Asset Management LLLP acquired a new stake in Brinker International during the 1st quarter valued at approximately $751,000. Finally, Boothbay Fund Management LLC grew its stake in Brinker International by 298.3% during the 1st quarter. Boothbay Fund Management LLC now owns 261,204 shares of the restaurant operator’s stock valued at $9,926,000 after purchasing an additional 195,620 shares in the last quarter.

Brinker International Trading Down 2.9 %

NYSE EAT opened at $31.42 on Thursday. The business’s 50-day moving average price is $35.70 and its 200 day moving average price is $36.81. Brinker International has a twelve month low of $23.94 and a twelve month high of $42.12. The company has a market capitalization of $1.40 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.19 and a beta of 2.38.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, August 16th. The restaurant operator reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.09. Brinker International had a negative return on equity of 55.47% and a net margin of 2.48%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts predict that Brinker International will post 3.35 EPS for the current year.

Brinker International Company Profile

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. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.