Brinker International Price Target Cut to $60.00 by Analysts at Barclays (EAT)
Investment analysts at Barclays decreased their target price on shares of Brinker International (NYSE:EAT) to $60.00 in a note issued to investors on Thursday, ARN reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price would suggest a potential upside of 21.21% from the company’s current price.
EAT has been the subject of a number of other recent research reports. Analysts at Telsey Advisory Group raised their price target on shares of Brinker International from $53.00 to $56.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Separately, analysts at Miller Tabak upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a $58.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Bank of America reiterated an “underperform” rating on shares of Brinker International in a research note on Thursday. They now have a $44.00 price target on the stock, up previously from $40.00. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $50.21.
Brinker International (NYSE:EAT) traded up 0.26% during mid-day trading on Thursday, hitting $49.50. 1,288,889 shares of the company’s stock traded hands. Brinker International has a one year low of $37.23 and a one year high of $55.45. The stock’s 50-day moving average is $51.90 and its 200-day moving average is $47.80. The company has a market cap of $3.323 billion and a price-to-earnings ratio of 20.92.
Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, April 23rd. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.01. The company had revenue of $739.20 million for the quarter, compared to the consensus estimate of $767.18 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Brinker International will post $2.73 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.
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