Shares of Brinker International, Inc. (NYSE:EAT – Get Free Report) have earned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. Fifteen investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $111.29.
EAT has been the topic of a number of recent analyst reports. Evercore ISI increased their price objective on shares of Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 15th. Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Tuesday, December 24th. Stifel Nicolaus increased their price objective on shares of Brinker International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday. Barclays increased their price objective on shares of Brinker International from $143.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, January 24th. Finally, Bank of America increased their price objective on shares of Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st.
Read Our Latest Research Report on Brinker International
Brinker International Stock Up 2.3 %
Brinker International (NYSE:EAT – Get Free Report) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.26. The firm 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%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. On average, equities research analysts anticipate that Brinker International will post 5.96 EPS for the current fiscal year.
Insider Activity at Brinker International
In related news, CFO Michaela M. Ware sold 3,753 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $103.02, for a total transaction of $386,634.06. Following the transaction, the chief financial officer now directly owns 23,071 shares in the company, valued at approximately $2,376,774.42. The trade was a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.72% of the stock is owned by company insiders.
Hedge Funds Weigh In On Brinker International
A number of institutional investors have recently bought and sold shares of EAT. Wolff Wiese Magana LLC increased its stake in Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock worth $26,000 after buying an additional 100 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Brinker International by 123.9% in the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 171 shares in the last quarter. R Squared Ltd acquired a new position in shares of Brinker International in the 4th quarter valued at $83,000. Xponance Inc. acquired a new stake in Brinker International during the 2nd quarter worth $202,000. Finally, Burford Brothers Inc. acquired a new stake in Brinker International during the 3rd quarter worth $203,000.
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.
Featured Articles
- Five stocks we like better than Brinker International
- How to Calculate Options Profits
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- How Investors Can Find the Best Cheap Dividend Stocks
- What Does the Future Hold for Eli Lilly?
- What Does Downgrade Mean in Investing?
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Receive News & Ratings for Brinker International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International and related companies with MarketBeat.com's FREE daily email newsletter.