Brinker International, Inc. (NYSE:EAT) Receives Average Recommendation of “Hold” from Brokerages

Brinker International, Inc. (NYSE:EATGet Free Report) has received an average recommendation of “Hold” from the seventeen analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $49.12.

EAT has been the topic of a number of research reports. Argus upgraded shares of Brinker International from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, May 21st. Wedbush lifted their price objective on shares of Brinker International from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Stifel Nicolaus upped their target price on shares of Brinker International from $55.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Jefferies Financial Group raised their price target on Brinker International from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Finally, Evercore ISI upped their price objective on Brinker International from $53.00 to $65.00 and gave the company an “in-line” rating in a research note on Wednesday, May 22nd.

Check Out Our Latest Stock Report on EAT

Brinker International Price Performance

NYSE EAT opened at $71.24 on Friday. The company has a fifty day moving average of $60.82 and a two-hundred day moving average of $49.92. The company has a market capitalization of $3.17 billion, a PE ratio of 21.14, a P/E/G ratio of 0.82 and a beta of 2.48. Brinker International has a 1 year low of $28.23 and a 1 year high of $73.58.

Brinker International (NYSE:EATGet Free Report) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 EPS. On average, research analysts expect that Brinker International will post 4 earnings per share for the current year.

Insider Activity at Brinker International

In other Brinker International news, CFO Joseph G. Taylor sold 40,050 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $60.45, for a total value of $2,421,022.50. Following the completion of the transaction, the chief financial officer now directly owns 66,286 shares in the company, valued at approximately $4,006,988.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Joseph G. Taylor sold 40,050 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $60.45, for a total transaction of $2,421,022.50. Following the sale, the chief financial officer now owns 66,286 shares in the company, valued at $4,006,988.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Daniel S. Fuller sold 3,611 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $69.04, for a total value of $249,303.44. Following the completion of the transaction, the senior vice president now owns 34,764 shares of the company’s stock, valued at $2,400,106.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,714 shares of company stock valued at $3,637,623. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Brinker International

Several hedge funds have recently modified their holdings of EAT. FMR LLC raised its stake in Brinker International by 0.8% during the third quarter. FMR LLC now owns 6,694,269 shares of the restaurant operator’s stock worth $211,472,000 after purchasing an additional 54,628 shares during the period. Vanguard Group Inc. raised its position in shares of Brinker International by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock worth $275,004,000 after buying an additional 135,580 shares during the period. Cooper Creek Partners Management LLC acquired a new position in Brinker International in the third quarter valued at $57,246,000. Boston Partners grew its position in Brinker International by 231.8% during the first quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock valued at $78,602,000 after acquiring an additional 1,106,046 shares during the period. Finally, Franklin Resources Inc. increased its stake in Brinker International by 24.6% during the fourth quarter. Franklin Resources Inc. now owns 1,503,198 shares of the restaurant operator’s stock worth $64,908,000 after acquiring an additional 296,785 shares during the last quarter.

About Brinker International

(Get Free Report

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.

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Analyst Recommendations for Brinker International (NYSE:EAT)

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