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

Brinker International (NYSE:EAT) had its price objective upped by investment analysts at Barclays from $76.00 to $95.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price target would suggest a potential downside of 8.49% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Bank of America increased their price target on Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group increased their price target on Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Wedbush reissued a “neutral” rating and issued a $68.00 price objective on shares of Brinker International in a report on Thursday, August 15th. KeyCorp increased their price objective on Brinker International from $72.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Raymond James lowered Brinker International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Brinker International presently has an average rating of “Hold” and a consensus price target of $81.31.

Brinker International Stock Down 0.4 %

Shares of NYSE EAT traded down $0.44 during mid-day trading on Thursday, reaching $103.81. 943,686 shares of the company were exchanged, compared to its average volume of 1,449,177. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 19.96. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 30.79, a P/E/G ratio of 1.35 and a beta of 2.51. Brinker International has a 1 year low of $32.90 and a 1 year high of $107.15. The firm has a 50-day moving average of $79.86 and a 200 day moving average of $69.33.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business posted $0.28 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. On average, research analysts expect that Brinker International will post 4.66 earnings per share for the current year.

Hedge Funds Weigh In On Brinker International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EAT. Allspring Global Investments Holdings LLC raised its position in shares of Brinker International by 8.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,190 shares of the restaurant operator’s stock valued at $705,000 after buying an additional 1,111 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Brinker International by 6.7% in the first quarter. BNP Paribas Financial Markets now owns 37,120 shares of the restaurant operator’s stock valued at $1,844,000 after purchasing an additional 2,343 shares during the period. Hollencrest Capital Management purchased a new stake in Brinker International in the first quarter valued at approximately $50,000. Texas Permanent School Fund Corp grew its holdings in Brinker International by 3.4% in the first quarter. Texas Permanent School Fund Corp now owns 38,707 shares of the restaurant operator’s stock valued at $1,923,000 after purchasing an additional 1,264 shares during the period. Finally, Duality Advisers LP purchased a new stake in Brinker International in the first quarter valued at approximately $323,000.

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.