Citigroup Raises Brinker International (NYSE:EAT) Price Target to $83.00

Brinker International (NYSE:EAT) had its target price hoisted by Citigroup from $69.00 to $83.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

EAT has been the subject of several other research reports. Morgan Stanley boosted their price target on shares of Brinker International from $42.00 to $50.00 and gave the company an underweight rating in a report on Tuesday, July 16th. Barclays increased their price target on Brinker International from $53.00 to $66.00 and gave the stock an equal weight rating in a report on Thursday, August 15th. Wells Fargo & Company lifted their price objective on Brinker International from $45.00 to $50.00 and gave the company an underweight rating in a report on Thursday, August 15th. Evercore ISI increased their target price on Brinker International from $65.00 to $69.00 and gave the stock an in-line rating in a research note on Thursday, August 15th. Finally, KeyCorp upgraded shares of Brinker International from a sector weight rating to an overweight rating and set a $72.00 target price on the stock in a report on Thursday, August 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $66.26.

Brinker International Stock Down 0.6 %

NYSE:EAT opened at $82.50 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 19.96. Brinker International has a 12-month low of $29.65 and a 12-month high of $84.76. The stock’s fifty day simple moving average is $72.09 and its 200-day simple moving average is $64.82. The firm has a market capitalization of $3.67 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.27 and a beta of 2.51.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.04). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. Brinker International’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Equities research analysts expect that Brinker International will post 4.64 earnings per share for the current year.

Institutional Trading of Brinker International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Transcendent Capital Group LLC bought a new position in Brinker International in the first quarter valued at approximately $25,000. CWM LLC grew its stake in shares of Brinker International by 96.2% in the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 204 shares in the last quarter. Headlands Technologies LLC acquired a new position in Brinker International during the first quarter worth $47,000. Hollencrest Capital Management bought a new stake in Brinker International during the first quarter worth $50,000. Finally, Covestor Ltd lifted its stake in Brinker International by 32,500.0% in the first quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 1,300 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.