Brinker International (NYSE:EAT) Upgraded by Northcoast Research to “Buy” Rating

Brinker International (NYSE:EAT) was upgraded by analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a research report issued on Thursday,Briefing.com Automated Import reports. The firm presently has a $215.00 price objective on the restaurant operator’s stock. Northcoast Research’s price target points to a potential upside of 19.72% from the company’s previous close.

EAT has been the topic of a number of other research reports. Barclays upped their price target on shares of Brinker International from $143.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, January 24th. KeyCorp cut shares of Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price target on the stock. in a research report on Friday, January 24th. Stifel Nicolaus upped their price target on shares of Brinker International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday. Citigroup upped their price target on shares of Brinker International from $83.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Piper Sandler upped their price target on shares of Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Sixteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Brinker International has an average rating of “Hold” and an average target price of $116.48.

Brinker International Stock Performance

NYSE EAT opened at $179.59 on Thursday. The firm’s fifty day moving average price is $136.99 and its two-hundred day moving average price is $100.66. The stock has a market cap of $7.98 billion, a PE ratio of 43.80, a PEG ratio of 1.56 and a beta of 2.52. Brinker International has a fifty-two week low of $40.12 and a fifty-two week high of $181.09. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, topping the consensus estimate of $1.37 by $1.43. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. On average, equities analysts expect that Brinker International will post 5.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Brinker International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Brinker International in the 4th quarter worth about $434,000. MADDEN SECURITIES Corp bought a new position in shares of Brinker International during the 4th quarter valued at approximately $265,000. Savant Capital LLC grew its position in shares of Brinker International by 4.7% during the 4th quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator’s stock valued at $433,000 after acquiring an additional 147 shares during the period. Kestra Private Wealth Services LLC grew its position in shares of Brinker International by 20.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,248 shares of the restaurant operator’s stock valued at $562,000 after acquiring an additional 730 shares during the period. Finally, Stephens Inc. AR bought a new position in shares of Brinker International during the 4th quarter valued at approximately $661,000.

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.