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Brinker International (NYSE:EAT)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Monday. They currently have a $53.00 target price on the stock, down from their previous target price of $59.00. Citigroup Inc.’s price objective would suggest a potential upside of 16.36% from the company’s current price.

Shares of Brinker International (NYSE:EAT) traded up 1.36% on Monday, hitting $46.17. The stock had a trading volume of 449,037 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 $3.001 billion and a P/E ratio of 20.15.

Brinker International (NYSE:EAT) last posted its quarterly 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. Analysts expect that Brinker International will post $3.09 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on EAT. Analysts at Zacks reiterated a “neutral” rating on shares of Brinker International in a research note on Monday. They now have a $48.00 price target on the stock. Separately, analysts at Robert W. Baird upgraded shares of Brinker International from a “neutral” rating to an “outperform” rating in a research note on Friday. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Brinker International presently has a consensus rating of “Buy” and a consensus target price of $47.61.

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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