Brinker International (NYSE:EAT) Given New $90.00 Price Target at Stifel Nicolaus

Brinker International (NYSE:EAT) had its target price boosted by Stifel Nicolaus from $62.00 to $90.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Brinker International from $55.00 to $65.00 and gave the stock an outperform rating in a research note on Wednesday, May 1st. Morgan Stanley raised their target price on Brinker International from $36.00 to $39.00 and gave the stock an underweight rating in a research report on Friday, April 12th. Argus upgraded shares of Brinker International from a hold rating to a buy rating and set a $72.00 price target for the company in a report on Tuesday, May 21st. UBS Group boosted their price target on shares of Brinker International from $46.00 to $50.00 and gave the stock a neutral rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Brinker International from $48.00 to $62.00 and gave the company an overweight rating in a report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $52.00.

Brinker International Stock Up 2.1 %

EAT stock opened at $74.42 on Tuesday. Brinker International has a 52 week low of $28.23 and a 52 week high of $76.02. The business has a 50-day simple moving average of $63.13 and a 200 day simple moving average of $50.89. The company has a market cap of $3.31 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 0.90 and a beta of 2.48.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 EPS. On average, analysts anticipate that Brinker International will post 4.02 EPS for the current fiscal year.

Insider Activity

In related news, CFO Joseph G. Taylor sold 40,050 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $60.45, for a total transaction of $2,421,022.50. Following the transaction, the chief financial officer now directly owns 66,286 shares in the company, valued at $4,006,988.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Joseph G. Taylor sold 40,050 shares of Brinker International 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 directly owns 66,286 shares in the company, valued at approximately $4,006,988.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Prashant Ranade sold 1,100 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $62.47, for a total transaction of $68,717.00. Following the completion of the transaction, the director now directly owns 17,039 shares in the company, valued at $1,064,426.33. The disclosure for this sale can be found here. Insiders sold 57,714 shares of company stock worth $3,637,623 over the last three months. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brinker International

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in 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. Boston Partners boosted its holdings in shares of Brinker International by 231.8% in the first quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock worth $78,602,000 after acquiring an additional 1,106,046 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Brinker International by 24.6% in 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 period. Dimensional Fund Advisors LP grew its position in shares of Brinker International by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 936,283 shares of the restaurant operator’s stock valued at $40,430,000 after purchasing an additional 4,294 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Brinker International by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 632,484 shares of the restaurant operator’s stock worth $27,311,000 after purchasing an additional 53,657 shares in the last quarter.

Brinker International Company Profile

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.