Brinker International Upgraded to “Buy” at Ned Davis Research (EAT)
Brinker International (NYSE:EAT) was upgraded by analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports.
EAT has been the subject of a number of other recent research reports. Analysts at Wunderlich initiated coverage on shares of Brinker International in a research note to investors on Friday, September 6th. They set a “hold” rating and a $44.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Brinker International from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 23rd. They now have a $43.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Brinker International from $47.00 to $50.00 in a research note to investors on Tuesday, August 6th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Brinker International has a consensus rating of “Buy” and an average price target of $43.60.
Brinker International (NYSE:EAT) traded up 0.29% on Monday, hitting $41.4399. 1,008,398 shares of the company’s stock traded hands. Brinker International has a 52-week low of $28.11 and a 52-week high of $44.28. The stock has a 50-day moving average of $40.41 and a 200-day moving average of $40.17. The company has a market cap of $2.744 billion and a price-to-earnings ratio of 18.78.
Brinker International (NYSE:EAT) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.03. The company had revenue of $730.07 million for the quarter, compared to the consensus estimate of $736.31 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Brinker International will post $2.76 earnings per share for the current fiscal year.
Brinker International, Inc (NYSE:EAT) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.