Brinker International Price Target Cut to $37.00 by Analysts at Susquehanna (EAT)
Research analysts at Susquehanna cut their price objective on shares of Brinker International (NYSE:EAT) from $38.00 to $37.00 in a report released on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price objective indicates a potential downside of 13.61% from the stock’s previous close.
Shares of Brinker International (NYSE:EAT) traded up 1.69% during mid-day trading on Monday, hitting $42.83. The stock had a trading volume of 1,383,687 shares. 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 P/E ratio of 18.49.
Brinker International (NYSE:EAT) last released its earnings data on Wednesday, October 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts predict that Brinker International will post $2.70 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Finally, 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. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Brinker International has an average rating of “Buy” and a consensus target price 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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