Several analysts have recently updated their ratings and price targets for Brinker International (NYSE: EAT):

  • 8/15/2018 – Brinker International had its price target raised by analysts at Morgan Stanley from $37.00 to $38.00. They now have an “underweight” rating on the stock.
  • 8/15/2018 – Brinker International had its price target raised by analysts at Piper Jaffray Companies to $48.00. They now have a “positive” rating on the stock.
  • 8/15/2018 – Brinker International had its price target lowered by analysts at Canaccord Genuity from $49.00 to $45.00. They now have a “hold” rating on the stock.
  • 8/15/2018 – Brinker International was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 8/14/2018 – Brinker International was given a new $43.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 8/13/2018 – Brinker International had its price target raised by analysts at Wells Fargo & Co from $42.00 to $43.00. They now have a “market perform” rating on the stock.
  • 8/10/2018 – Brinker International had its price target lowered by analysts at Telsey Advisory Group from $52.00 to $49.00. They now have a “market perform” rating on the stock.
  • 8/7/2018 – Brinker International had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $55.00 price target on the stock. They wrote, “We reiterate our Buy rating and $55 price target on Brinker International (EAT) ahead of the release of F4Q18 (June) results on Tuesday, August 14 before the open.””
  • 8/2/2018 – Brinker International had its price target lowered by analysts at Bank of America Corp from $41.00 to $39.00. They now have an “underperform” rating on the stock.
  • 7/18/2018 – Brinker International had its price target raised by analysts at Barclays PLC from $46.00 to $50.00. They now have a “$49.71” rating on the stock.
  • 7/16/2018 – Brinker International had its price target raised by analysts at Morgan Stanley from $35.00 to $37.00. They now have an “underweight” rating on the stock.
  • 7/16/2018 – Brinker International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Brinker’s aggressive expansion strategies and sales building initiatives like streamlining of menu and loyalty program should boost comps. Increased focus on company-owned restaurants, which allows it to have full control over operations, is also expected to boost the bottom as well as the top line. Also, various operational, remodeling and digital initiatives are likely to drive growth. Backed by such initiatives, Brinker’s shares have outperformed the industry’s rally in the past year. Earnings estimates for the current quarter and year have also increased over the past two months, reflecting analysts’ optimism surrounding the company’s future earnings potential. However, the company’s revenues missed the Zacks Consensus Estimate in 10 of the trailing 13 quarters, mainly due to traffic decline at its restaurants. Further, higher labor as well as costs related to various initiatives might hurt margins.”
  • 7/3/2018 – Brinker International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Brinker’s aggressive expansion strategies and sales building initiatives like streamlining of menu and loyalty program should boost comps. Increased focus on company-owned restaurants, which allows it to have full control over operations, is also expected to boost the bottom as well as the top line. Also, various operational, remodeling and digital initiatives are likely to drive growth. Backed by such initiatives, Brinker’s shares have outperformed the industry’s rally in the past year. Earnings estimates for the current quarter and year have also increased over the past two months, reflecting analysts’ optimism surrounding the company’s future earnings potential. However, the company’s revenues missed the Zacks Consensus Estimate in 10 of the trailing 13 quarters, mainly due to traffic decline at its restaurants. Further, higher labor as well as costs related to various initiatives might hurt margins.”

NYSE:EAT opened at $44.00 on Monday. The company has a market cap of $1.94 billion and a price-to-earnings ratio of 13.75. The company has a debt-to-equity ratio of -2.24, a current ratio of 0.32 and a quick ratio of 0.27. Brinker International, Inc. has a fifty-two week low of $29.50 and a fifty-two week high of $54.14.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Tuesday, August 14th. The restaurant operator reported $1.19 EPS for the quarter, hitting the consensus estimate of $1.19. The company had revenue of $817.10 million during the quarter, compared to the consensus estimate of $817.93 million. Brinker International had a net margin of 4.24% and a negative return on equity of 30.02%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. sell-side analysts expect that Brinker International, Inc. will post 3.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Friday, September 7th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Thursday, September 6th. Brinker International’s dividend payout ratio (DPR) is 47.50%.

In other news, SVP David Roy Doyle sold 3,615 shares of the firm’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $49.86, for a total transaction of $180,243.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelli Valade sold 4,224 shares of the firm’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $49.59, for a total transaction of $209,468.16. The disclosure for this sale can be found here. Company insiders own 1.91% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of EAT. LifePlan Financial Group Inc acquired a new stake in Brinker International in the 2nd quarter valued at $112,000. Stratos Wealth Partners LTD. grew its position in Brinker International by 1,000.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 3,300 shares of the restaurant operator’s stock valued at $119,000 after purchasing an additional 3,000 shares during the period. IFP Advisors Inc grew its position in Brinker International by 512.3% in the 1st quarter. IFP Advisors Inc now owns 3,545 shares of the restaurant operator’s stock valued at $128,000 after purchasing an additional 2,966 shares during the period. Mount Yale Investment Advisors LLC acquired a new stake in Brinker International in the 1st quarter valued at $153,000. Finally, Sei Investments Co. grew its position in Brinker International by 913.2% in the 2nd quarter. Sei Investments Co. now owns 3,597 shares of the restaurant operator’s stock valued at $171,000 after purchasing an additional 3,242 shares during the period.

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name.

Read More: Price to Earnings Ratio (PE)

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