Brinker International, Inc. (NYSE:EAT) Receives Average Recommendation of “Hold” from Analysts

Brinker International, Inc. (NYSE:EAT) has earned an average recommendation of “Hold” from the seventeen ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $44.19.

Several research firms recently weighed in on EAT. Evercore ISI lifted their price target on Brinker International from $48.00 to $50.00 and gave the company an “in-line” rating in a research report on Thursday, April 18th. Morgan Stanley lifted their price target on Brinker International from $36.00 to $39.00 and gave the company an “underweight” rating in a research report on Friday, April 12th. UBS Group lifted their price target on Brinker International from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays lifted their price target on Brinker International from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 3rd. Finally, Raymond James lifted their price target on Brinker International from $45.00 to $50.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st.

Brinker International Stock Performance

Shares of EAT stock opened at $48.27 on Friday. The firm has a market cap of $2.13 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.78 and a beta of 2.46. Brinker International has a fifty-two week low of $28.23 and a fifty-two week high of $51.72. The business’s 50 day moving average price is $47.09 and its 200-day moving average price is $41.40.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%. As a group, equities analysts predict that Brinker International will post 3.71 EPS for the current year.

Insider Transactions at Brinker International

In other news, CFO Joseph G. Taylor sold 24,163 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $44.97, for a total value of $1,086,610.11. Following the completion of the transaction, the chief financial officer now owns 56,661 shares in the company, valued at $2,548,045.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. increased its position in Brinker International by 1.3% during the fourth quarter. Victory Capital Management Inc. now owns 17,318 shares of the restaurant operator’s stock valued at $748,000 after acquiring an additional 230 shares during the last quarter. Quadrant Capital Group LLC increased its position in Brinker International by 12.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,070 shares of the restaurant operator’s stock valued at $89,000 after acquiring an additional 235 shares during the last quarter. Signaturefd LLC increased its position in Brinker International by 68.9% during the third quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 386 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Brinker International by 3.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,408 shares of the restaurant operator’s stock valued at $424,000 after acquiring an additional 487 shares during the last quarter. Finally, Bogart Wealth LLC increased its position in Brinker International by 100.0% during the third quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 500 shares during the last quarter.

About Brinker International

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.