Brinker International (NYSE:EAT) Price Target Raised to $95.00

Brinker International (NYSE:EAT) had its target price increased by Wells Fargo & Company from $85.00 to $95.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have an underweight rating on the restaurant operator’s stock.

EAT has been the topic of a number of other research reports. Argus cut Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Barclays raised their price objective on shares of Brinker International from $76.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. cut shares of Brinker International from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $67.00 to $100.00 in a research note on Thursday. Citigroup boosted their price target on shares of Brinker International from $83.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, BMO Capital Markets downgraded Brinker International from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $80.00 to $105.00 in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $84.19.

Brinker International Trading Up 2.2 %

Shares of Brinker International stock opened at $104.92 on Thursday. The firm has a market cap of $4.66 billion, a PE ratio of 25.59, a P/E/G ratio of 1.44 and a beta of 2.46. The stock has a fifty day moving average price of $81.21 and a 200-day moving average price of $70.15. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.32. Brinker International has a 1 year low of $33.03 and a 1 year high of $107.15.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. Brinker International’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. Equities research analysts anticipate that Brinker International will post 5.6 EPS for the current year.

Insider Activity at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total value of $386,634.06. Following the completion of the sale, the chief financial officer now owns 23,071 shares in the company, valued at approximately $2,376,774.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.72% of the stock is owned by insiders.

Institutional Trading of Brinker International

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Brinker International by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock worth $275,004,000 after buying an additional 135,580 shares during the period. Boston Partners lifted its stake in Brinker International by 231.8% in the first quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock worth $78,602,000 after acquiring an additional 1,106,046 shares during the period. Marshall Wace LLP boosted its holdings in Brinker International by 13,850.1% in the second quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator’s stock valued at $76,546,000 after acquiring an additional 1,049,836 shares in the last quarter. Millennium Management LLC increased its position in Brinker International by 31.7% during the 2nd quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock valued at $68,228,000 after purchasing an additional 227,047 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Brinker International by 15.9% in the 2nd quarter. Renaissance Technologies LLC now owns 295,700 shares of the restaurant operator’s stock worth $21,406,000 after purchasing an additional 40,500 shares in the last quarter.

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.