Brinker International Upgraded to “Outperform” by Raymond James (EAT)
Brinker International (NYSE:EAT) was upgraded by equities researchers at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $51.00 target price on the stock. Raymond James’ price target indicates a potential upside of 11.96% from the stock’s previous close.
A number of other firms have also recently commented on EAT. Analysts at KeyCorp reiterated a “buy” rating on shares of Brinker International in a research note on Wednesday, July 23rd. They now have a $52.00 price target on the stock, down previously from $55.00. Separately, analysts at RBC Capital downgraded shares of Brinker International from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. They now have a $49.00 price target on the stock, down previously from $56.00. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Brinker International from a “neutral” rating to an “overweight” rating in a research note on Monday, July 14th. They now have a $52.00 price target on the stock, down previously from $54.00. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $47.17.
Shares of Brinker International (NYSE:EAT) traded down 0.02% on Friday, hitting $45.55. The stock had a trading volume of 1,377,145 shares. Brinker International has a one year low of $38.40 and a one year high of $55.45. The stock has a 50-day moving average of $46.93 and a 200-day moving average of $49.64. The company has a market cap of $2.961 billion and a P/E ratio of 20.16.
Brinker International (NYSE:EAT) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.38. The company had revenue of $758.73 million for the quarter, compared to the consensus estimate of $968.45 million. During the same quarter last year, the company posted $0.77 earnings per share. Brinker International’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that Brinker International will post $3.09 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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