Brokerages Set Brinker International, Inc. (NYSE:EAT) Target Price at $67.92

Shares of Brinker International, Inc. (NYSE:EAT) have been assigned a consensus rating of “Buy” from the twenty analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $67.92.

A number of equities analysts have commented on EAT shares. Morgan Stanley reduced their price target on shares of Brinker International from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 19th. Wedbush dropped their price target on shares of Brinker International from $76.00 to $69.00 and set an “outperform” rating for the company in a research note on Wednesday, August 25th. They noted that the move was a valuation call. MKM Partners dropped their price target on shares of Brinker International from $77.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 19th. Raymond James dropped their price target on shares of Brinker International from $75.00 to $67.50 and set an “outperform” rating for the company in a research note on Thursday, August 19th. Finally, Royal Bank of Canada decreased their price objective on shares of Brinker International from $76.00 to $58.00 and set a “sector perform” rating for the company in a report on Thursday, August 19th.

In other Brinker International news, CFO Joseph G. Taylor sold 1,408 shares of the stock in a transaction dated Wednesday, August 25th. The shares were sold at an average price of $54.28, for a total transaction of $76,426.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.72% of the company’s stock.

A number of institutional investors have recently made changes to their positions in EAT. Factorial Partners LLC grew its stake in Brinker International by 5,912.8% during the first quarter. Factorial Partners LLC now owns 1,094,324 shares of the restaurant operator’s stock worth $15,400,000 after buying an additional 1,076,124 shares in the last quarter. FMR LLC boosted its stake in shares of Brinker International by 84.8% in the 2nd quarter. FMR LLC now owns 2,197,763 shares of the restaurant operator’s stock valued at $135,932,000 after purchasing an additional 1,008,644 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Brinker International by 109.7% in the 2nd quarter. Macquarie Group Ltd. now owns 1,748,552 shares of the restaurant operator’s stock valued at $108,148,000 after purchasing an additional 914,746 shares in the last quarter. Amundi acquired a new stake in shares of Brinker International in the 2nd quarter valued at approximately $48,204,000. Finally, Holocene Advisors LP acquired a new stake in shares of Brinker International in the 1st quarter valued at approximately $30,258,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Brinker International stock opened at $48.25 on Friday. The company has a market capitalization of $2.22 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.08 and a beta of 2.80. The firm’s fifty day simple moving average is $53.63 and its 200-day simple moving average is $60.98. Brinker International has a 1-year low of $40.66 and a 1-year high of $78.33.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Tuesday, August 17th. The restaurant operator reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.04). The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Brinker International had a negative return on equity of 36.28% and a net margin of 3.94%. The business’s revenue for the quarter was up 79.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.88) earnings per share. As a group, equities research analysts anticipate that Brinker International will post 4.77 EPS for the current year.

About Brinker International

Brinker International, Inc engages in owning, developing, and franchising Chili’s Grill and Bar and Maggiano’s Little Italy restaurant brands. It operates through the following segments: Chili’s, and Maggiano’s. The Chili’s segment includes the results of company-owned Chili’s restaurants in the U.S.

Featured Story: What is the definition of a trade war?

Analyst Recommendations for Brinker International (NYSE:EAT)

Receive News & Ratings for Brinker International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International and related companies with MarketBeat.com's FREE daily email newsletter.