Brinker International (NYSE:EAT) Given New $185.00 Price Target at Citigroup

Brinker International (NYSE:EAT) had its price objective boosted by Citigroup from $166.00 to $185.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

EAT has been the subject of several other research reports. Evercore ISI boosted their price target on Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their target price on shares of Brinker International from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday. Northcoast Research raised shares of Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Thursday. Barclays increased their target price on shares of Brinker International from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Raymond James cut Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Sixteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $135.48.

Brinker International Stock Up 1.4 %

Brinker International stock opened at $182.37 on Thursday. Brinker International has a twelve month low of $40.50 and a twelve month high of $184.19. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32. The firm has a market cap of $8.10 billion, a PE ratio of 44.48, a P/E/G ratio of 1.56 and a beta of 2.52. The firm’s 50 day moving average price is $138.17 and its two-hundred day moving average price is $101.23.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. On average, research analysts predict that Brinker International will post 5.96 EPS for the current fiscal year.

Institutional Trading of Brinker International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC boosted its position in Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. 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 valued at $920,000 after acquiring an additional 135 shares during the last quarter. Savant Capital LLC increased its position in Brinker International by 4.7% in the fourth quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator’s stock worth $433,000 after purchasing an additional 147 shares during the period. GAMMA Investing LLC raised its holdings in Brinker International by 123.9% during 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. Finally, Optimist Retirement Group LLC lifted its position in Brinker International by 6.1% during the 3rd quarter. Optimist Retirement Group LLC now owns 3,256 shares of the restaurant operator’s stock valued at $249,000 after purchasing an additional 187 shares during the period.

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.