Brinker International (NYSE:EAT) Price Target Increased to $66.00 by Analysts at Barclays

Brinker International (NYSE:EAT) had its price objective hoisted by analysts at Barclays from $53.00 to $66.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price target indicates a potential downside of 0.29% from the company’s previous close.

A number of other equities analysts also recently issued reports on EAT. Evercore ISI increased their price target on shares of Brinker International from $65.00 to $69.00 and gave the stock an “in-line” rating in a research note on Thursday. BMO Capital Markets lowered their target price on Brinker International from $85.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. increased their price target on shares of Brinker International from $48.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. UBS Group upped their price target on Brinker International from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Wedbush restated a “neutral” rating and set a $68.00 price objective on shares of Brinker International in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.91.

Brinker International Price Performance

NYSE EAT traded up $3.33 during trading on Thursday, reaching $66.19. The company’s stock had a trading volume of 754,951 shares, compared to its average volume of 1,493,326. The firm has a fifty day moving average of $67.41 and a 200 day moving average of $56.93. Brinker International has a one year low of $28.23 and a one year high of $76.02. The stock has a market capitalization of $2.94 billion, a PE ratio of 19.82, a P/E/G ratio of 0.63 and a beta of 2.52.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. Brinker International’s revenue for the quarter was up 12.3% compared to the same quarter last year. Research analysts expect that Brinker International will post 4.18 earnings per share for the current fiscal year.

Insider Activity

In other Brinker International news, Director Prashant Ranade sold 1,100 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $62.47, for a total transaction of $68,717.00. Following the transaction, the director now owns 17,039 shares in the company, valued at $1,064,426.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Brinker International news, Director Prashant Ranade sold 1,100 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $62.47, for a total value of $68,717.00. Following the sale, the director now owns 17,039 shares in the company, valued at $1,064,426.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Daniel S. Fuller sold 3,611 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $69.04, for a total transaction of $249,303.44. Following the completion of the transaction, the senior vice president now directly owns 34,764 shares in the company, valued at approximately $2,400,106.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,664 shares of company stock worth $1,216,601. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brinker International

A number of hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its stake in Brinker International by 96.2% in the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 204 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Brinker International during the 1st quarter valued at $25,000. TFO Wealth Partners LLC boosted its position in shares of Brinker International by 64,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 648 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Brinker International by 3,611.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock worth $29,000 after buying an additional 650 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Brinker International during the 1st quarter valued at about $47,000.

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.