Brinker International (NYSE:EAT) PT Raised to $50.00 at UBS Group

Brinker International (NYSE:EAT) had its price objective hoisted by equities research analysts at UBS Group from $46.00 to $50.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price objective points to a potential upside of 3.58% from the stock’s current price.

A number of other research firms also recently commented on EAT. JPMorgan Chase & Co. raised their target price on shares of Brinker International from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. StockNews.com downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Barclays raised their target price on shares of Brinker International from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 3rd. BMO Capital Markets raised their target price on shares of Brinker International from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada raised their target price on shares of Brinker International from $43.00 to $46.00 and gave the company a “sector perform” rating in a research report on Thursday, February 1st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Brinker International presently has a consensus rating of “Hold” and a consensus price target of $44.19.

Brinker International Price Performance

EAT stock opened at $48.27 on Wednesday. The company has a market capitalization of $2.13 billion, a PE ratio of 14.16, a P/E/G ratio of 0.78 and a beta of 2.46. Brinker International has a 12 month low of $28.23 and a 12 month high of $51.72. The firm’s 50-day moving average is $47.09 and its 200 day moving average is $41.40.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. Brinker International had a net margin of 3.63% and a negative return on equity of 113.41%. Sell-side analysts forecast that Brinker International will post 3.71 EPS for the current fiscal year.

Insider Transactions at Brinker International

In related news, CFO Joseph G. Taylor sold 24,163 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were 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 directly owns 56,661 shares of the company’s stock, valued at approximately $2,548,045.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EAT. TFO Wealth Partners LLC boosted its position in Brinker International by 64,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 648 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Brinker International by 3,611.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock worth $29,000 after buying an additional 650 shares during the last quarter. Signaturefd LLC lifted its stake in Brinker International by 68.9% during the 3rd 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 period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Brinker International in the 3rd quarter valued at $31,000. Finally, Bogart Wealth LLC increased its stake in shares of Brinker International by 100.0% in the third quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 500 shares during the period.

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.