Brinker International Upgraded to Buy at Miller Tabak (EAT)
Brinker International (NYSE:EAT) was upgraded by investment analysts at Miller Tabak from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $58.00 price objective on the stock. Miller Tabak’s target price would suggest a potential upside of 17.48% from the stock’s previous close. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Barclays raised their price target on shares of Brinker International from $54.00 to $61.00 in a research note on Tuesday, April 15th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Brinker International in a research note on Friday, February 21st. They now have a $61.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $49.64.
Shares of Brinker International (NYSE:EAT) traded up 1.20% on Thursday, hitting $49.96. 444,002 shares of the company’s stock traded hands. Brinker International has a 52 week low of $37.23 and a 52 week high of $55.45. The stock’s 50-day moving average is $52. and its 200-day moving average is $47.79. The company has a market cap of $3.354 billion and a price-to-earnings ratio of 20.92.
Brinker International (NYSE:EAT) last released its earnings data on Wednesday, April 23rd. The company reported $0.84 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.72 earnings per share. Brinker International’s revenue was up 2.1% compared to the same quarter last year. 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.
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.