Brinker International (NYSE:EAT) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Brinker International (NYSE:EAT) had its price objective boosted by Wells Fargo & Company from $130.00 to $145.00 in a research note published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

EAT has been the topic of several other reports. The Goldman Sachs Group assumed coverage on shares of Brinker International in a research report on Thursday, December 5th. They issued a “buy” rating and a $150.00 target price on the stock. UBS Group boosted their price objective on shares of Brinker International from $108.00 to $146.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Citigroup lifted their target price on Brinker International from $83.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. BMO Capital Markets lowered Brinker International from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $80.00 to $105.00 in a research note on Thursday, October 31st. Finally, Bank Of America (Bofa) lifted their price objective on Brinker International from $94.00 to $97.00 in a research note on Tuesday, October 29th. Sixteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $109.45.

Brinker International Stock Down 3.2 %

EAT stock opened at $149.63 on Thursday. The company has a 50 day moving average price of $134.65 and a two-hundred day moving average price of $98.62. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32. The stock has a market capitalization of $6.65 billion, a P/E ratio of 36.50, a PEG ratio of 1.56 and a beta of 2.52. Brinker International has a one year low of $39.11 and a one year high of $155.13.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, sell-side analysts expect that Brinker International will post 5.96 EPS for the current year.

Insider Buying and Selling at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $103.02, for a total value of $386,634.06. Following the transaction, the chief financial officer now owns 23,071 shares in the company, valued at approximately $2,376,774.42. The trade was a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brinker International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC boosted its stake in shares of Brinker International by 100.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its stake in Brinker International by 123.9% during the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 171 shares during the last quarter. R Squared Ltd acquired a new position in Brinker International during the 4th quarter worth $83,000. Xponance Inc. bought a new stake in shares of Brinker International in the 2nd quarter worth about $202,000. Finally, Burford Brothers Inc. acquired a new stake in shares of Brinker International in the 3rd quarter valued at about $203,000.

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.