Brinker International, Inc. (NYSE:EAT) Price Target Cut to $41.00 by Analysts at Barclays PLC
Brinker International, Inc. (NYSE:EAT) had its price target lowered by equities research analysts at Barclays PLC from $44.00 to $41.00 in a note issued to investors on Friday. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays PLC’s price target indicates a potential upside of 17.51% from the stock’s previous close.
Several other analysts also recently weighed in on EAT. Royal Bank Of Canada decreased their target price on Brinker International from $49.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, August 3rd. Maxim Group reiterated a “buy” rating and set a $49.00 target price (down from $54.00) on shares of Brinker International in a research report on Wednesday. Sanford C. Bernstein reiterated a “market perform” rating and set a $50.00 target price on shares of Brinker International in a research report on Tuesday, July 25th. ValuEngine upgraded Brinker International from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Stephens reiterated an “equal weight” rating and set a $52.00 target price on shares of Brinker International in a research report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.31.
Shares of Brinker International (NYSE EAT) traded down 3.12% on Friday, reaching $33.80. 414,655 shares of the company’s stock were exchanged. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 11.04 and a beta of 0.25. The company’s 50 day moving average is $36.49 and its 200-day moving average is $41.12. Brinker International has a one year low of $33.41 and a one year high of $55.84.
Brinker International (NYSE:EAT) last released its earnings results on Thursday, August 10th. The restaurant operator reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.05. Brinker International had a negative return on equity of 39.89% and a net margin of 5.05%. The business had revenue of $810.66 million during the quarter, compared to the consensus estimate of $809.94 million. During the same period last year, the company earned $1.24 earnings per share. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, analysts anticipate that Brinker International will post $3.22 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of EAT. Kernodle & Katon Asset Management Group LLC raised its position in Brinker International by 0.4% in the first quarter. Kernodle & Katon Asset Management Group LLC now owns 4,864 shares of the restaurant operator’s stock valued at $214,000 after buying an additional 17 shares during the period. Eqis Capital Management Inc. raised its position in Brinker International by 0.3% in the first quarter. Eqis Capital Management Inc. now owns 6,393 shares of the restaurant operator’s stock valued at $281,000 after buying an additional 18 shares during the period. Profund Advisors LLC raised its position in Brinker International by 0.8% in the second quarter. Profund Advisors LLC now owns 6,849 shares of the restaurant operator’s stock valued at $261,000 after buying an additional 57 shares during the period. Wedge Capital Management L L P NC raised its position in Brinker International by 1.3% in the second quarter. Wedge Capital Management L L P NC now owns 10,275 shares of the restaurant operator’s stock valued at $391,000 after buying an additional 135 shares during the period. Finally, Creative Planning raised its position in Brinker International by 2.7% in the first quarter. Creative Planning now owns 6,843 shares of the restaurant operator’s stock valued at $301,000 after buying an additional 180 shares during the period.
Brinker International Company Profile
Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.
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