Brinker International, Inc. (NYSE:EAT) Given Consensus Rating of “Hold” by Brokerages

Brinker International, Inc. (NYSE:EAT) has received a consensus rating of “Hold” from the seventeen analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $70.09.

Several research analysts recently commented on EAT shares. KeyCorp raised 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. Raymond James cut Brinker International from an “outperform” rating to a “market perform” rating in a report on Thursday. Barclays boosted their price target on Brinker International from $53.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, August 15th. Bank of America upgraded Brinker International from an “underperform” rating to a “neutral” rating and upped their price target for the company from $63.00 to $90.00 in a research report on Thursday, October 10th. Finally, Evercore ISI boosted 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 note on Tuesday.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Brinker International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 5,399,920 shares of the restaurant operator’s stock valued at $233,169,000 after purchasing an additional 30,861 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Brinker International by 11.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 11,419 shares of the restaurant operator’s stock valued at $567,000 after acquiring an additional 1,170 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Brinker International in the 1st quarter valued at approximately $99,000. Allspring Global Investments Holdings LLC boosted its stake in Brinker International by 8.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,190 shares of the restaurant operator’s stock worth $705,000 after acquiring an additional 1,111 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Brinker International by 0.3% during the first quarter. Principal Financial Group Inc. now owns 230,397 shares of the restaurant operator’s stock valued at $11,446,000 after purchasing an additional 577 shares during the period.

Brinker International Price Performance

NYSE EAT opened at $89.29 on Friday. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.35 and a beta of 2.51. Brinker International has a 52-week low of $31.95 and a 52-week high of $91.25. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32. The company has a 50 day simple moving average of $74.73 and a 200-day simple moving average of $66.20.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Brinker International’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts predict that Brinker International will post 4.66 earnings per share for the current fiscal year.

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.