Brinker International (NYSE:EAT) Price Target Raised to $47.00

Brinker International (NYSE:EAT) had its price target hoisted by Wedbush from $45.00 to $47.00 in a research note published on Friday, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

EAT has been the subject of several other research reports. UBS Group boosted their price target on shares of Brinker International from $46.00 to $50.00 and gave the company a neutral rating in a report on Wednesday, April 24th. Raymond James upped their target price on Brinker International from $45.00 to $50.00 and gave the stock a strong-buy rating in a report on Thursday, February 1st. JPMorgan Chase & Co. increased their target price on Brinker International from $44.00 to $48.00 and gave the company an overweight rating in a research report on Tuesday, March 19th. Barclays boosted their price target on Brinker International from $36.00 to $39.00 and gave the stock an equal weight rating in a research report on Wednesday, January 3rd. Finally, Evercore ISI raised their price objective 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. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Brinker International currently has a consensus rating of Hold and an average price target of $44.81.

Brinker International Price Performance

Shares of EAT opened at $48.83 on Friday. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.79 and a beta of 2.46. Brinker International has a 1-year low of $28.23 and a 1-year high of $51.72. The company has a 50-day moving average of $47.17 and a 200 day moving average of $41.69.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. On average, equities analysts anticipate that Brinker International will post 3.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Joseph G. Taylor sold 24,163 shares of the firm’s stock in a transaction that occurred 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 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 SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Brinker International

A number of hedge funds have recently modified their holdings of the business. TFO Wealth Partners LLC boosted its position in Brinker International by 64,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 648 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Brinker International by 3,611.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 650 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Brinker International by 68.9% during the 3rd quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 386 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Brinker International during the 3rd quarter worth approximately $31,000. Finally, Bogart Wealth LLC increased its holdings 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 valued at $32,000 after purchasing 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.