Brinker International (NYSE:EAT) Price Target Raised to $170.00

Brinker International (NYSE:EAT) had its price target upped by Stifel Nicolaus from $155.00 to $170.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 13.59% from the company’s current price.

Several other equities analysts also recently weighed in on EAT. Morgan Stanley upgraded Brinker International from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $70.00 to $115.00 in a research report on Friday, December 20th. Barclays increased their target price on Brinker International from $143.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday. Piper Sandler increased their target price on Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Citigroup raised their price objective on Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Bank of America raised their price objective on Brinker International from $97.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Sixteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $110.24.

Brinker International Price Performance

Shares of EAT traded up $0.16 during trading hours on Monday, reaching $149.66. 330,961 shares of the company traded hands, compared to its average volume of 965,832. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The stock has a market capitalization of $6.65 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 1.56 and a beta of 2.52. Brinker International has a fifty-two week low of $39.39 and a fifty-two week high of $155.13. The stock has a fifty day simple moving average of $134.65 and a 200 day simple moving average of $98.85.

Brinker International (NYSE:EAT) last posted its quarterly earnings data 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 negative return on equity of 839.19% and a net margin of 4.11%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, research analysts predict that Brinker International will post 5.96 EPS for the current fiscal year.

Insider Transactions at Brinker International

In other news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total value of $386,634.06. Following the completion of the transaction, the chief financial officer now owns 23,071 shares in the company, valued at approximately $2,376,774.42. This trade represents a 13.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.72% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EAT. Wolff Wiese Magana LLC lifted its holdings in shares of Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Brinker International by 123.9% in the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 171 shares during the last quarter. R Squared Ltd bought a new stake in shares of Brinker International in the 4th quarter worth approximately $83,000. Xponance Inc. bought a new stake in shares of Brinker International in the 2nd quarter worth approximately $202,000. Finally, Burford Brothers Inc. bought a new stake in shares of Brinker International in the 3rd quarter worth approximately $203,000.

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.