Barclays Raises Brinker International (NYSE:EAT) Price Target to $76.00

Brinker International (NYSE:EAT) had its target price boosted by Barclays from $66.00 to $76.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

Several other equities research analysts also recently commented on the company. Citigroup raised 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. Bank of America lifted their price objective on shares of Brinker International from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley raised 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. UBS Group upped their price objective on shares of Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Argus downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.62.

Brinker International Trading Down 0.5 %

Shares of EAT stock opened at $93.82 on Tuesday. Brinker International has a fifty-two week low of $31.95 and a fifty-two week high of $94.96. The firm’s 50 day moving average price is $77.37 and its two-hundred day moving average price is $67.75. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 1.35 and a beta of 2.51. 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 (NYSE:EAT) last announced its quarterly earnings results 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 business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the company posted $1.39 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts anticipate that Brinker International will post 4.66 EPS for the current year.

Institutional Trading of Brinker International

Several institutional investors have recently added to or reduced their stakes in the business. NorthCrest Asset Manangement LLC boosted its holdings in shares of Brinker International by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator’s stock valued at $920,000 after buying an additional 135 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Brinker International by 1.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock worth $967,000 after purchasing an additional 169 shares during the period. CWM LLC raised its position in shares of Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 204 shares during the period. Arizona State Retirement System lifted its holdings in shares of Brinker International by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock worth $896,000 after purchasing an additional 234 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Brinker International by 33.2% during the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 246 shares during the period.

About Brinker International

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.