Stephens upgraded shares of Brinker International (NYSE:EAT) from an equal rating to an overweight rating in a research report report published on Friday, BenzingaRatingsTable reports. Stephens currently has $45.00 price target on the restaurant operator’s stock.

Other research analysts have also issued research reports about the stock. Deutsche Bank assumed coverage on shares of Brinker International in a research note on Friday, June 28th. They set a hold rating and a $40.00 target price for the company. Loop Capital lowered their price objective on shares of Brinker International to $42.00 and set a hold rating for the company in a research note on Wednesday. KeyCorp assumed coverage on shares of Brinker International in a research note on Tuesday, July 23rd. They issued a sector weight rating and a $45.00 price objective for the company. Zacks Investment Research lowered shares of Brinker International from a buy rating to a hold rating in a research note on Friday, May 3rd. Finally, UBS Group raised shares of Brinker International from a sell rating to a neutral rating and set a $39.00 price objective for the company in a research note on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $44.33.

EAT stock traded up $1.44 during mid-day trading on Friday, hitting $38.46. 1,419,900 shares of the company were exchanged, compared to its average volume of 1,202,893. The firm has a market capitalization of $1.39 billion, a P/E ratio of 9.79, a PEG ratio of 1.11 and a beta of 0.25. The business has a fifty day simple moving average of $39.38 and a 200-day simple moving average of $41.58. Brinker International has a 12-month low of $36.44 and a 12-month high of $53.61.

Brinker International (NYSE:EAT) last announced its earnings results on Tuesday, August 13th. The restaurant operator reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The company had revenue of $834.10 million during the quarter, compared to analyst estimates of $834.69 million. Brinker International had a net margin of 4.81% and a negative return on equity of 18.81%. Brinker International’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 earnings per share. As a group, equities analysts expect that Brinker International will post 4.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 6th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, September 5th. Brinker International’s payout ratio is 38.68%.

Several hedge funds and other institutional investors have recently bought and sold shares of EAT. Wedge Capital Management L L P NC raised its holdings in Brinker International by 10.7% in the first quarter. Wedge Capital Management L L P NC now owns 10,753 shares of the restaurant operator’s stock valued at $477,000 after acquiring an additional 1,038 shares in the last quarter. Alpha Windward LLC raised its holdings in Brinker International by 8.0% in the second quarter. Alpha Windward LLC now owns 11,280 shares of the restaurant operator’s stock valued at $459,000 after acquiring an additional 840 shares in the last quarter. Federated Investors Inc. PA raised its holdings in Brinker International by 111.8% in the first quarter. Federated Investors Inc. PA now owns 144,375 shares of the restaurant operator’s stock valued at $6,407,000 after acquiring an additional 76,212 shares in the last quarter. Tdam USA Inc. raised its holdings in Brinker International by 20.6% in the first quarter. Tdam USA Inc. now owns 6,743 shares of the restaurant operator’s stock valued at $299,000 after acquiring an additional 1,153 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in Brinker International in the first quarter valued at approximately $828,000.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.

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Analyst Recommendations for Brinker International (NYSE:EAT)

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