Brinker International (NYSE:EAT) Price Target Raised to $143.00 at Barclays

Brinker International (NYSE:EAT) had its target price hoisted by analysts at Barclays from $95.00 to $143.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price would indicate a potential upside of 4.55% from the stock’s current price.

A number of other equities research analysts also recently issued reports on EAT. JPMorgan Chase & Co. downgraded Brinker International from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $67.00 to $100.00 in a research report on Thursday, October 31st. BMO Capital Markets lowered shares of Brinker International from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $80.00 to $105.00 in a research note on Thursday, October 31st. KeyCorp increased their target price on shares of Brinker International from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Evercore ISI increased their price target on Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a report on Tuesday, October 15th. Finally, Piper Sandler lifted their price objective on shares of Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $103.53.

Brinker International Price Performance

EAT traded down $4.04 on Tuesday, hitting $136.78. 402,252 shares of the company’s stock traded hands, compared to its average volume of 818,768. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 1.46 and a beta of 2.52. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. Brinker International has a one year low of $37.25 and a one year high of $142.47. The company’s 50 day simple moving average is $125.34 and its 200-day simple moving average is $91.62.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $0.28 EPS. Brinker International’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, research analysts anticipate that Brinker International will post 5.43 EPS for the current year.

Insider Transactions at Brinker International

In other news, CFO Michaela M. Ware sold 3,753 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $103.02, for a total transaction of $386,634.06. Following the transaction, the chief financial officer now owns 23,071 shares in the company, valued at $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.72% of the company’s stock.

Hedge Funds Weigh In On Brinker International

Several hedge funds have recently made changes to their positions in EAT. GAMMA Investing LLC increased its holdings in shares of Brinker International by 123.9% in the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 171 shares during the period. Quest Partners LLC increased its holdings in Brinker International by 1,265.2% in the 2nd quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator’s stock worth $136,000 after buying an additional 1,746 shares during the period. Xponance Inc. purchased a new position in Brinker International during the 2nd quarter worth approximately $202,000. Burford Brothers Inc. acquired a new stake in Brinker International during the 3rd quarter valued at approximately $203,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Brinker International in the 2nd quarter valued at $204,000.

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.