Brinker International (NYSE:EAT) Price Target Raised to $90.00

Brinker International (NYSE:EAT) had its price target hoisted by Evercore ISI from $69.00 to $90.00 in a research report report published on Tuesday, Benzinga reports. Evercore ISI currently has an in-line rating on the restaurant operator’s stock.

Several other analysts have also weighed in on EAT. Citigroup upped 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. Morgan Stanley increased their price objective on shares of Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a research note on Tuesday, July 16th. KeyCorp upgraded shares of Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 target price for the company in a research report on Thursday, August 15th. Bank of America upgraded shares of Brinker International from an “underperform” rating to a “neutral” rating and increased their price target for the company from $63.00 to $90.00 in a research report on Thursday, October 10th. Finally, Wedbush restated a “neutral” rating and set a $68.00 price objective on shares of Brinker International in a research report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $70.09.

Brinker International Stock Performance

NYSE:EAT opened at $89.29 on Tuesday. The firm’s fifty day simple moving average is $74.73 and its 200-day simple moving average is $66.20. 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 $3.97 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.35 and a beta of 2.51. Brinker International has a fifty-two week low of $31.95 and a fifty-two week high of $91.25.

Brinker International (NYSE:EAT) last issued 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). Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Analysts expect that Brinker International will post 4.66 earnings per share for the current fiscal year.

Institutional Trading of Brinker International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC acquired a new stake in shares of Brinker International in the first quarter worth approximately $714,000. Lazard Asset Management LLC grew its stake in shares of Brinker International by 36.7% during the 1st quarter. Lazard Asset Management LLC now owns 279,974 shares of the restaurant operator’s stock valued at $13,908,000 after buying an additional 75,225 shares during the period. Vanguard Group Inc. grew its stake in shares of Brinker International by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock valued at $275,004,000 after buying an additional 135,580 shares during the period. Boston Partners increased its holdings in shares of 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. Finally, Assenagon Asset Management S.A. raised its position 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 worth $13,969,000 after buying an additional 182,172 shares during the period.

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.