Brinker International, Inc. (NYSE:EAT – Get Free Report)’s stock price rose 6.4% on Thursday after Barclays raised their price target on the stock from $53.00 to $66.00. Barclays currently has an equal weight rating on the stock. Brinker International traded as high as $67.69 and last traded at $66.90. Approximately 549,925 shares changed hands during trading, a decline of 63% from the average daily volume of 1,492,281 shares. The stock had previously closed at $62.86.
Several other research analysts have also weighed in on the company. Stifel Nicolaus upped their target price on Brinker International from $62.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Bank of America upped their target price on Brinker International from $51.00 to $58.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 17th. BMO Capital Markets dropped their target price on Brinker International from $85.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday. Evercore ISI upped their target price on Brinker International from $65.00 to $69.00 and gave the stock an “in-line” rating in a research report on Thursday. Finally, KeyCorp raised Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 target price on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Brinker International has an average rating of “Hold” and a consensus price target of $60.91.
Check Out Our Latest Stock Analysis on EAT
Insider Transactions at Brinker International
Hedge Funds Weigh In On Brinker International
Several institutional investors have recently bought and sold shares of EAT. Seven Eight Capital LP bought a new stake in shares of Brinker International during the fourth quarter worth $1,594,000. Cetera Advisors LLC bought a new stake in shares of Brinker International during the first quarter worth $714,000. Alpha DNA Investment Management LLC bought a new stake in shares of Brinker International during the fourth quarter worth $584,000. Lazard Asset Management LLC raised its position in shares of Brinker International by 36.7% during the first quarter. Lazard Asset Management LLC now owns 279,974 shares of the restaurant operator’s stock worth $13,908,000 after acquiring an additional 75,225 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Brinker International by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock worth $275,004,000 after purchasing an additional 135,580 shares during the period.
Brinker International Price Performance
The business has a 50 day moving average of $67.41 and a 200 day moving average of $56.93. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 0.63 and a beta of 2.52.
Brinker International (NYSE:EAT – Get Free Report) last posted its earnings results 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 net margin of 3.55% and a negative return on equity of 154.29%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts predict that Brinker International, Inc. will post 4.18 EPS for the current 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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