Piper Jaffray Cos. Lowers Brinker International Price Target to $43.00 (EAT)
Investment analysts at Piper Jaffray Cos. cut their target price on shares of Brinker International (NYSE:EAT) from $45.00 to $43.00 in a note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Piper Jaffray Cos.’s price objective indicates a potential upside of 0.40% from the company’s current price.
Shares of Brinker International (NYSE:EAT) traded up 1.69% during mid-day trading on Thursday, hitting $42.83. 1,383,687 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’s 50-day moving average is $41.08 and its 200-day moving average is $39.2. The company has a market cap of $2.856 billion and a price-to-earnings ratio of 18.49.
Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.02. The company had revenue of $683.92 million for the quarter, compared to the consensus estimate of $685.85 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Analysts expect that Brinker International will post $2.70 EPS for the current fiscal year.
EAT has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Brinker International in a research note to investors on Thursday. They now have a $44.00 price target on the stock, down previously from $45.00. Separately, analysts at Susquehanna cut their price target on shares of Brinker International from $38.00 to $37.00 in a research note to investors on Monday, October 21st. They now have a “neutral” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Brinker International from a “neutral” rating to a “buy” rating in a research note to investors on Monday, October 21st. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $43.88.
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.
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