Brinker International (NYSE:EAT) Price Target Lowered to $55.00 at Barclays

Brinker International (NYSE:EAT) had its price objective reduced by stock analysts at Barclays from $60.00 to $55.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price objective would suggest a potential upside of 14.35% from the company’s current price.

EAT has been the topic of a number of other reports. MKM Partners lowered their price target on shares of Brinker International from $77.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, August 19th. Raymond James lowered their price target on shares of Brinker International from $75.00 to $67.50 and set an “outperform” rating on the stock in a research report on Thursday, August 19th. Stephens raised their price target on shares of Brinker International from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, August 19th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Brinker International from $73.00 to $58.00 and set a “hold” rating on the stock in a report on Thursday, August 19th. Finally, Wedbush decreased their target price on shares of Brinker International from $76.00 to $69.00 and set an “outperform” rating on the stock in a report on Wednesday, August 25th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Brinker International presently has an average rating of “Buy” and a consensus price target of $67.45.

Shares of EAT opened at $48.10 on Thursday. The firm has a market capitalization of $2.18 billion, a PE ratio of 17.18, a PEG ratio of 1.08 and a beta of 2.80. The company’s 50-day moving average is $51.60 and its 200-day moving average is $58.58. Brinker International has a fifty-two week low of $40.73 and a fifty-two week high of $78.33.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, August 17th. The restaurant operator reported $1.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.04). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Brinker International had a net margin of 3.94% and a negative return on equity of 36.28%. Brinker International’s revenue for the quarter was up 79.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.88) earnings per share. As a group, sell-side analysts expect that Brinker International will post 4.77 EPS for the current year.

In other Brinker International news, CEO Wyman Roberts sold 6,250 shares of the business’s stock in a transaction on Friday, September 24th. The shares were sold at an average price of $52.93, for a total transaction of $330,812.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph G. Taylor sold 1,408 shares of Brinker International stock in a transaction on Wednesday, August 25th. The stock was sold at an average price of $54.28, for a total transaction of $76,426.24. The disclosure for this sale can be found here. Insiders own 3.72% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. DG Capital Management LLC grew its position in Brinker International by 27.0% during the second quarter. DG Capital Management LLC now owns 258,559 shares of the restaurant operator’s stock valued at $15,992,000 after acquiring an additional 55,000 shares during the last quarter. JPMorgan Chase & Co. grew its position in Brinker International by 27.0% during the first quarter. JPMorgan Chase & Co. now owns 476,046 shares of the restaurant operator’s stock valued at $33,828,000 after acquiring an additional 101,082 shares during the last quarter. State of Alaska Department of Revenue grew its position in Brinker International by 2.8% during the second quarter. State of Alaska Department of Revenue now owns 31,652 shares of the restaurant operator’s stock valued at $1,957,000 after acquiring an additional 877 shares during the last quarter. XTX Topco Ltd bought a new position in Brinker International during the second quarter valued at approximately $437,000. Finally, Primecap Management Co. CA bought a new position in Brinker International during the second quarter valued at approximately $21,722,000. Institutional investors own 95.70% of the company’s stock.

Brinker International Company Profile

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.

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Analyst Recommendations for Brinker International (NYSE:EAT)

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