Brinker International Receives New Coverage from Analysts at Credit Suisse (EAT)
Credit Suisse began coverage on shares of Brinker International (NYSE:EAT) in a research note issued on Tuesday, Stock Ratings News reports. The firm set an “outperform” rating on the stock.
Shares of Brinker International (NYSE:EAT) traded up 0.42% on Tuesday, hitting $44.96. 644,492 shares of the company’s stock traded hands. Brinker International has a 52-week low of $30.85 and a 52-week high of $47.86. The stock has a 50-day moving average of $46.15 and a 200-day moving average of $42.4. The company has a market cap of $3.013 billion and a P/E ratio of 19.65.
Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.43 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.37 earnings per share. Brinker International’s revenue was up .1% compared to the same quarter last year. On average, analysts predict that Brinker International will post $2.71 earnings per share for the current fiscal year.
EAT has been the subject of a number of other recent research reports. 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. Separately, analysts at Zacks upgraded shares of Brinker International from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $55.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $46.00.
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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