Analysts Set Brinker International, Inc. (NYSE:EAT) PT at $156.41

Shares of Brinker International, Inc. (NYSE:EAT) have been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the firm, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $171.4118.

EAT has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Brinker International from $155.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday. BMO Capital Markets raised their price objective on shares of Brinker International from $150.00 to $170.00 and gave the stock a “market perform” rating in a report on Thursday. Barclays lifted their target price on shares of Brinker International from $166.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday. Evercore ISI lifted their target price on shares of Brinker International from $180.00 to $190.00 and gave the company an “in-line” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Brinker International from $160.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, June 25th.

Brinker International Stock Down 0.0%

Shares of Brinker International stock opened at $158.04 on Thursday. Brinker International has a 52-week low of $65.26 and a 52-week high of $192.21. The company has a 50 day moving average of $167.98 and a 200 day moving average of $158.27. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $7.02 billion, a P/E ratio of 19.02, a P/E/G ratio of 0.36 and a beta of 1.68.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.02. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. As a group, research analysts forecast that Brinker International will post 8.3 EPS for the current fiscal year.

Insider Activity at Brinker International

In other Brinker International news, Director Joseph Michael Depinto sold 10,000 shares of Brinker International stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the transaction, the director directly owned 99,297 shares of the company’s stock, valued at $16,916,236.92. The trade was a 9.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the transaction, the director directly owned 28,905 shares in the company, valued at approximately $4,538,085. This trade represents a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by company insiders.

Institutional Trading of Brinker International

A number of hedge funds have recently made changes to their positions in the company. Concord Wealth Partners bought a new stake in shares of Brinker International in the second quarter worth $25,000. Coppell Advisory Solutions LLC bought a new stake in shares of Brinker International in the fourth quarter worth $26,000. Allworth Financial LP increased its stake in shares of Brinker International by 105.8% in the second quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock worth $26,000 after buying an additional 73 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Brinker International by 575.0% in the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator’s stock worth $29,000 after buying an additional 161 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new stake in shares of Brinker International in the first quarter worth $30,000.

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.