Brinker International (NYSE:EAT) Given New $97.00 Price Target at Piper Sandler

Brinker International (NYSE:EAT) had its target price upped by Piper Sandler from $62.00 to $97.00 in a report published on Monday morning, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other brokerages have also commented on EAT. UBS Group boosted their price target on shares of Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Raymond James downgraded shares of Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Wedbush reaffirmed a “neutral” rating and issued a $68.00 price target on shares of Brinker International in a research report on Thursday, August 15th. Citigroup boosted their price objective on Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Morgan Stanley raised their target price on Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a report on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $86.45.

Brinker International Price Performance

EAT stock opened at $115.88 on Monday. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. The company’s 50-day moving average is $82.72 and its 200-day moving average is $71.23. The stock has a market capitalization of $5.15 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.18 and a beta of 2.46. Brinker International has a 1 year low of $33.24 and a 1 year high of $119.42.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.26. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. Equities research analysts expect that Brinker International will post 5.44 EPS for the current fiscal 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 on Thursday, October 31st. The shares were 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 directly owns 23,071 shares of the company’s stock, valued at $2,376,774.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Brinker International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NorthCrest Asset Manangement LLC lifted its position in Brinker International by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator’s stock valued at $920,000 after purchasing an additional 135 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Brinker International by 1.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock valued at $967,000 after buying an additional 169 shares during the period. CWM LLC grew its holdings in Brinker International by 96.2% in the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 204 shares during the last quarter. Arizona State Retirement System increased its position in shares of Brinker International by 1.9% in the second quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock valued at $896,000 after acquiring an additional 234 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Brinker International by 33.2% during the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after acquiring an additional 246 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.