Brinker International (NYSE:EAT) Price Target Raised to $227.00

Brinker International (NYSE:EAT) had its target price raised by Citigroup from $189.00 to $227.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

Several other equities analysts have also commented on EAT. KeyCorp increased their price target on shares of Brinker International from $177.00 to $204.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Wells Fargo & Company boosted their price objective on shares of Brinker International from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Barclays boosted their price objective on shares of Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. TD Cowen increased their target price on shares of Brinker International from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Morgan Stanley increased their target price on shares of Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Brinker International currently has a consensus rating of “Moderate Buy” and an average price target of $193.25.

Brinker International Stock Performance

Shares of EAT stock opened at $210.07 on Tuesday. Brinker International has a 52 week low of $100.30 and a 52 week high of $210.24. The stock has a market capitalization of $9.01 billion, a PE ratio of 20.59, a P/E/G ratio of 1.22 and a beta of 1.24. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. The firm has a 50 day moving average of $167.57 and a two-hundred day moving average of $155.69.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, topping the consensus estimate of $2.85 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.66 EPS. On average, research analysts predict that Brinker International will post 10.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. UBS Group AG grew its position in shares of Brinker International by 103.2% during the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock worth $427,066,000 after acquiring an additional 1,511,266 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Brinker International by 667.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after acquiring an additional 993,435 shares during the period. Norges Bank purchased a new stake in Brinker International in the 4th quarter valued at $83,603,000. Capital World Investors raised its position in Brinker International by 96.5% in the 4th quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after purchasing an additional 558,799 shares during the last quarter. Finally, Samlyn Capital LLC boosted its stake in Brinker International by 104.9% during the 3rd quarter. Samlyn Capital LLC now owns 878,584 shares of the restaurant operator’s stock worth $111,299,000 after purchasing an additional 449,871 shares during the period.

About Brinker International

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.