Brinker International (NYSE:EAT) Downgraded by Raymond James

Raymond James cut shares of Brinker International (NYSE:EAT) from an outperform rating to a market perform rating in a research note published on Thursday, MarketBeat reports.

EAT has been the subject of several other research reports. Stifel Nicolaus boosted their price target on shares of Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Argus lowered shares of Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. 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. Wedbush restated a “neutral” rating and issued a $68.00 price target on shares of Brinker International in a report 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 price objective for the company in a research note on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.74.

Brinker International Price Performance

Brinker International stock opened at $92.46 on Thursday. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.35 and a beta of 2.51. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32. Brinker International has a 1 year low of $31.95 and a 1 year high of $93.42. The firm has a 50-day moving average of $75.25 and a two-hundred day moving average of $66.60.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.04). Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted $1.39 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, research analysts forecast that Brinker International will post 4.66 earnings per share for the current year.

Institutional Investors Weigh In On Brinker International

Hedge funds have recently modified their holdings of the business. CWM LLC raised its position 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 during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Brinker International in the first quarter valued at about $25,000. Headlands Technologies LLC acquired a new stake in shares of Brinker International in the first quarter valued at about $47,000. Signaturefd LLC raised its position in shares of Brinker International by 33.2% in the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after buying an additional 246 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of Brinker International in the first quarter valued at about $50,000.

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.