Brinker International Upgraded to Outperform by Robert W. Baird (EAT)
EAT has been the subject of a number of other recent research reports. Analysts at Raymond James upgraded shares of Brinker International from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a $51.00 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $47.17.
Shares of Brinker International (NYSE:EAT) opened at 45.55 on Friday. Brinker International has a 52-week low of $38.40 and a 52-week 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 $2.959 billion and a P/E ratio of 18.41.
Brinker International (NYSE:EAT) last announced its earnings results on Thursday, August 7th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. 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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