Shares of Brinker International, Inc. (NYSE:EAT – Get Free Report) have earned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $91.38.
A number of analysts have weighed in on the stock. Evercore ISI increased their target price on shares of Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a report on Tuesday, October 15th. UBS Group increased their price objective on shares of Brinker International from $70.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Bank Of America (Bofa) lifted their target price on Brinker International from $94.00 to $97.00 in a research note on Tuesday, October 29th. Bank of America increased their price target on Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Raymond James lowered Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th.
Check Out Our Latest Stock Analysis on EAT
Insider Activity
Hedge Funds Weigh In On Brinker International
Several large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in Brinker International by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 33,253 shares of the restaurant operator’s stock worth $1,653,000 after buying an additional 1,588 shares in the last quarter. Comerica Bank boosted its stake in shares of Brinker International by 26.5% during the 1st quarter. Comerica Bank now owns 31,284 shares of the restaurant operator’s stock worth $1,554,000 after acquiring an additional 6,553 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Brinker International in the 1st quarter worth $714,000. CWM LLC raised its position in shares of Brinker International by 96.2% during the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 204 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Brinker International during the second quarter valued at $352,000.
Brinker International Stock Performance
Shares of Brinker International stock opened at $127.86 on Friday. The firm has a market cap of $5.68 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.46 and a beta of 2.51. Brinker International has a 1 year low of $37.25 and a 1 year high of $133.82. The firm’s 50-day simple moving average is $110.96 and its 200-day simple moving average is $84.07. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32.
Brinker International (NYSE:EAT – Get Free Report) last issued its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, topping the consensus estimate of $0.69 by $0.26. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. Equities analysts forecast that Brinker International will post 5.43 earnings per share for the current fiscal year.
About Brinker International
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.
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