Brinker International (NYSE:EAT) Price Target Raised to $85.00 at Wells Fargo & Company

Brinker International (NYSE:EAT) had its price target lifted by Wells Fargo & Company from $50.00 to $85.00 in a research note issued to investors on Monday, Benzinga reports. They currently have an underweight rating on the restaurant operator’s stock.

A number of other equities research analysts have also issued reports on EAT. Barclays increased their target price on shares of Brinker International from $53.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Citigroup lifted their target price on Brinker International from $69.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. BMO Capital Markets cut their price target on Brinker International from $85.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th. KeyCorp lifted their price objective on Brinker International from $72.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Raymond James lowered shares of Brinker International from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $74.62.

Brinker International Trading Down 0.5 %

Shares of NYSE EAT opened at $93.82 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 19.96. The stock has a market capitalization of $4.17 billion, a PE ratio of 27.84, a PEG ratio of 1.35 and a beta of 2.51. Brinker International has a twelve month low of $31.95 and a twelve month high of $94.96. The stock has a fifty day simple moving average of $77.37 and a 200-day simple moving average of $67.75.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 earnings per share. On average, equities analysts forecast that Brinker International will post 4.66 earnings per share for the current year.

Institutional Trading of Brinker International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Boston Partners grew its stake in Brinker International by 231.8% during the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock worth $78,602,000 after buying an additional 1,106,046 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of 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 during the period. Millennium Management LLC grew its position in shares of Brinker International by 31.7% during the second quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock worth $68,228,000 after acquiring an additional 227,047 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Brinker International by 1,686.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 192,972 shares of the restaurant operator’s stock valued at $13,969,000 after acquiring an additional 182,172 shares during the period. Finally, Squarepoint Ops LLC raised its position in Brinker International by 1,160.2% in the 2nd quarter. Squarepoint Ops LLC now owns 192,268 shares of the restaurant operator’s stock valued at $13,918,000 after purchasing an additional 177,011 shares during 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.