Brinker International, Inc. (NYSE:EAT) was upgraded by investment analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a research note issued on Thursday, MarketBeat reports. The firm currently has a $40.00 price target on the restaurant operator’s stock. BMO Capital Markets’ target price would indicate a potential upside of 6.55% from the stock’s current price.

Other research analysts have also issued research reports about the company. Maxim Group restated a “buy” rating and set a $54.00 price objective on shares of Brinker International in a research report on Tuesday, April 25th. Barclays PLC restated an “equal weight” rating and set a $47.00 price objective on shares of Brinker International in a research report on Thursday, April 6th. Stephens reiterated an “equal weight” rating and set a $52.00 price target on shares of Brinker International in a research report on Wednesday, April 26th. ValuEngine lowered Brinker International from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded Brinker International from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $48.85.

Analyst Recommendations for Brinker International (NYSE:EAT)

Shares of Brinker International (NYSE EAT) opened at 37.54 on Thursday. The company’s 50 day moving average price is $41.23 and its 200 day moving average price is $44.42. Brinker International has a one year low of $36.44 and a one year high of $55.84. The firm has a market capitalization of $1.84 billion, a P/E ratio of 12.26 and a beta of 0.25.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.09. Brinker International had a negative return on equity of 39.89% and a net margin of 5.05%. The business had revenue of $810.60 million during the quarter, compared to analyst estimates of $817.50 million. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts expect that Brinker International will post $3.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Monday, June 12th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Thursday, June 8th. Brinker International’s dividend payout ratio is presently 44.16%.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/06/25/brinker-international-inc-eat-upgraded-to-market-perform-by-bmo-capital-markets.html.

In other news, EVP Steve Provost sold 2,750 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $44.06, for a total value of $121,165.00. Following the sale, the executive vice president now owns 29,780 shares of the company’s stock, valued at approximately $1,312,106.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Roy Doyle sold 7,182 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $44.41, for a total value of $318,952.62. Following the completion of the sale, the senior vice president now directly owns 54,074 shares in the company, valued at approximately $2,401,426.34. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of EAT. Caxton Associates LP purchased a new stake in Brinker International during the first quarter worth approximately $440,000. AQR Capital Management LLC increased its stake in Brinker International by 8.1% in the first quarter. AQR Capital Management LLC now owns 818,007 shares of the restaurant operator’s stock worth $35,960,000 after buying an additional 61,390 shares in the last quarter. Bank of America Corp DE increased its stake in Brinker International by 17.0% in the first quarter. Bank of America Corp DE now owns 514,757 shares of the restaurant operator’s stock worth $22,628,000 after buying an additional 74,742 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Brinker International during the first quarter worth approximately $2,469,000. Finally, Kernodle & Katon Asset Management Group LLC increased its stake in Brinker International by 0.4% in the first quarter. Kernodle & Katon Asset Management Group LLC now owns 4,864 shares of the restaurant operator’s stock worth $214,000 after buying an additional 17 shares in the last quarter.

About Brinker International

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

Receive News & Ratings for Brinker International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.