Brinker International (NYSE:EAT) Price Target Raised to $94.00 at Bank of America

Brinker International (NYSE:EAT) had its target price raised by Bank of America from $90.00 to $94.00 in a report released on Monday morning, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

EAT has been the subject of a number of other research reports. BMO Capital Markets lowered their price target on Brinker International from $85.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, August 15th. Morgan Stanley boosted their price target on Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a report on Tuesday, July 16th. Argus cut Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. UBS Group upped their target price on Brinker International from $70.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company upped their target price on Brinker International from $50.00 to $85.00 and gave the stock an “underweight” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $74.62.

Brinker International Price Performance

Shares of NYSE EAT opened at $93.82 on Monday. The stock has a market capitalization of $4.17 billion, a PE ratio of 27.84, a P/E/G ratio of 1.35 and a beta of 2.51. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32. The business has a fifty day moving average price of $77.37 and a two-hundred day moving average price of $67.75. Brinker International has a fifty-two week low of $31.95 and a fifty-two week high of $94.96.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. Brinker International’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. As a group, equities analysts predict that Brinker International will post 4.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brinker International

Several institutional investors and hedge funds have recently made changes to their positions in the business. NorthCrest Asset Manangement LLC boosted its holdings in Brinker International by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator’s stock worth $920,000 after acquiring an additional 135 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Brinker International by 1.3% in the second quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock worth $967,000 after purchasing an additional 169 shares during the last quarter. CWM LLC raised its stake in shares of Brinker International by 96.2% in 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 last quarter. Arizona State Retirement System raised its stake in shares of Brinker International by 1.9% in the second quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock worth $896,000 after purchasing an additional 234 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Brinker International by 33.2% in the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 246 shares during the last quarter.

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.