Barclays Forecasts Strong Price Appreciation for Brinker International (NYSE:EAT) Stock

Brinker International (NYSE:EAT) had its target price hoisted by research analysts at Barclays from $150.00 to $190.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price suggests a potential upside of 4.42% from the stock’s previous close.

A number of other brokerages have also issued reports on EAT. BMO Capital Markets boosted their price target on Brinker International from $105.00 to $125.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Bank Of America (Bofa) increased their price target on Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Wells Fargo & Company upped their price objective on shares of Brinker International from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Evercore ISI raised their target price on shares of Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research report on Tuesday, October 15th. Finally, KeyCorp cut shares of Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price target for the company. in a research report on Friday, January 24th. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Brinker International presently has a consensus rating of “Hold” and a consensus target price of $135.48.

Brinker International Stock Performance

Shares of Brinker International stock opened at $181.97 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The stock’s fifty day moving average is $139.29 and its two-hundred day moving average is $102.05. Brinker International has a 52 week low of $40.50 and a 52 week high of $187.08. The company has a market capitalization of $8.08 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 0.97 and a beta of 2.52.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 16,722.22%. As a group, analysts expect that Brinker International will post 7.75 earnings per share for the current year.

Hedge Funds Weigh In On Brinker International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Brinker International during the 4th quarter worth approximately $434,000. Truist Financial Corp acquired a new stake in shares of Brinker International during the fourth quarter worth $206,000. Ifrah Financial Services Inc. purchased a new stake in shares of Brinker International during the fourth quarter valued at $280,000. Highview Capital Management LLC DE increased its position in shares of Brinker International by 1.6% in the 4th quarter. Highview Capital Management LLC DE now owns 13,557 shares of the restaurant operator’s stock valued at $1,793,000 after acquiring an additional 218 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Brinker International by 5.4% in the 4th quarter. Principal Financial Group Inc. now owns 287,456 shares of the restaurant operator’s stock worth $38,028,000 after acquiring an additional 14,634 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.