Brinker International Rating Reiterated by ISI Group (EAT)
Brinker International (NYSE:EAT)‘s stock had its “average” rating restated by analysts at ISI Group in a research report issued to clients and investors on Friday. They currently have a $2.21 target price on the stock, up from their previous target price of $1.89. ISI Group’s price target would indicate a potential downside of 95.36% from the company’s current price.
Brinker International (NYSE:EAT) traded down 2.88% during mid-day trading on Friday, hitting $46.28. 1,033,773 shares of the company’s stock traded hands. Brinker International has a one year low of $37.67 and a one year high of $55.45. The stock’s 50-day moving average is $49.87 and its 200-day moving average is $49.82. The company has a market cap of $3.006 billion and a P/E ratio of 19.25.
Brinker International (NYSE:EAT) last issued its quarterly earnings data 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 $2.74 earnings per share for the current fiscal year.
EAT has been the subject of a number of other recent research reports. Analysts at Wunderlich downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Friday. They now have a $52.00 price target on the stock, down previously from $56.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Brinker International in a research note on Thursday, June 5th. They now have a $54.00 price target on the stock, up previously from $53.00. Finally, analysts at Zacks downgraded shares of Brinker International from an “outperform” rating to a “neutral” rating in a research note on Friday, May 9th. They now have a $52.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $47.59.
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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