Recent Analysts’ Ratings Updates for Brinker International (EAT)
Brinker International (NYSE: EAT) received a number of price target changes and ratings updates during the last week:
- Brinker International had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $53.00 price target on the stock, down previously from $59.00.
- Brinker International had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $48.00 price target on the stock. Zacks‘ analyst wrote, “Brinker International’s second quarter adjusted earnings of $0.85 per share missed the Zacks Consensus Estimate by a penny. However, earnings increased 10.4% year over year, owing to improved revenues and a decline in interest expense. Quarterly revenues increased 4% year over year to $758.7 million and beat the consensus mark by 1.2%. The upside reflects a 3.7% increase in company sales and a 13.4% increase in Franchise and Other revenues owing to an improvement in comps. We believe aggressive expansion and extensive reimaging will help it to sustain the revenue momentum. However, like all restaurant companies, Brinker also faces the threat of increasing food costs that have risen sharply over the past few months and still remain at elevated levels. Moreover, declining traffic trends due to a sluggish macroeconomic environment remain concerns. We maintain our Neutral recommendation on the stock.”
- Brinker International had its “” rating reaffirmed by analysts at Tigress Financial.
- Brinker International was upgraded by analysts at Wunderlich from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock, up previously from $52.00.
Brinker International, Inc. (NYSE:EAT) traded down 0.06% on Wednesday, hitting $48.42. 696,848 shares of the company’s stock traded hands. Brinker International, Inc. has a 52-week low of $38.40 and a 52-week high of $55.45. The stock’s 50-day moving average is $46.21 and its 200-day moving average is $49.55. The company has a market cap of $3.148 billion and a price-to-earnings ratio of 21.44.
Brinker International (NYSE:EAT) last issued its quarterly earnings data 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, Inc. will post $3.08 earnings per share for the current fiscal year.
In other Brinker International news, VP David R. Parsley unloaded 5,993 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $46.72, for a total transaction of $279,992.96. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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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