KeyCorp Forecasts Strong Price Appreciation for Brinker International (NYSE:EAT) Stock

Brinker International (NYSE:EAT) had its price objective increased by analysts at KeyCorp from $100.00 to $115.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price target indicates a potential upside of 11.38% from the company’s current price.

EAT has been the subject of several other research reports. Raymond James downgraded shares of Brinker International from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. UBS Group increased their target price on shares of Brinker International from $70.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wedbush reiterated a “neutral” rating and issued a $68.00 price target on shares of Brinker International in a research note on Thursday, August 15th. Barclays increased their price objective on shares of Brinker International from $76.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, BMO Capital Markets lowered shares of Brinker International from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $80.00 to $105.00 in a research report on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $82.14.

Brinker International Stock Performance

NYSE EAT traded down $1.00 during midday trading on Thursday, hitting $103.25. The company had a trading volume of 1,686,809 shares, compared to its average volume of 1,452,699. The firm has a fifty day simple moving average of $79.86 and a two-hundred day simple moving average of $69.33. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 30.71, a P/E/G ratio of 1.35 and a beta of 2.51. Brinker International has a fifty-two week low of $32.90 and a fifty-two week high of $107.15. The company has a quick ratio of 0.32, a current ratio of 0.38 and a debt-to-equity ratio of 19.96.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business earned $0.28 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts forecast that Brinker International will post 4.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NorthCrest Asset Manangement LLC boosted its holdings in Brinker International by 1.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator’s stock valued at $920,000 after acquiring an additional 135 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Brinker International by 1.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock worth $967,000 after buying an additional 169 shares in the last quarter. CWM LLC grew its position in shares of Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after buying an additional 204 shares in the last quarter. Arizona State Retirement System grew its position in shares of Brinker International by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock worth $896,000 after buying an additional 234 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Brinker International by 33.2% during the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 246 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.