Brinker International, Inc. (NYSE:EAT) Given a $36.00 Price Target at BMO Capital Markets
Brinker International, Inc. (NYSE:EAT) has been assigned a $36.00 price target by equities research analysts at BMO Capital Markets in a report issued on Saturday. The firm currently has a “hold” rating on the restaurant operator’s stock. BMO Capital Markets’ price target would indicate a potential upside of 1.93% from the stock’s current price.
Several other equities research analysts have also issued reports on the company. Piper Jaffray Companies reissued a “hold” rating on shares of Brinker International in a research note on Friday. Barclays PLC dropped their price objective on Brinker International from $44.00 to $41.00 and set an “equal weight” rating for the company in a research note on Friday. Royal Bank Of Canada reissued a “sector perform” rating and set a $40.00 price objective (down previously from $49.00) on shares of Brinker International in a research note on Wednesday. Maxim Group reissued a “buy” rating and set a $49.00 price objective (down previously from $54.00) on shares of Brinker International in a research note on Wednesday. Finally, BidaskClub lowered Brinker International from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.67.
Brinker International (EAT) opened at 35.32 on Friday. The company has a market cap of $1.73 billion, a PE ratio of 12.01 and a beta of 0.25. The stock’s 50 day moving average price is $36.42 and its 200 day moving average price is $41.04. Brinker International has a 12-month low of $33.41 and a 12-month high of $55.84.
Brinker International (NYSE:EAT) last posted its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.05. The company had revenue of $810.66 million during the quarter, compared to analyst estimates of $809.94 million. Brinker International had a negative return on equity of 31.46% and a net margin of 4.79%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the company earned $1.24 earnings per share. Equities research analysts anticipate that Brinker International will post $3.22 EPS for the current year.
Brinker International announced that its Board of Directors has initiated a stock buyback program on Thursday, August 10th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the restaurant operator to reacquire up to 14.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
ILLEGAL ACTIVITY NOTICE: “Brinker International, Inc. (NYSE:EAT) Given a $36.00 Price Target at BMO Capital Markets” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/08/13/brinker-international-inc-nyseeat-given-a-36-00-price-target-at-bmo-capital-markets.html.
A number of large investors have recently modified their holdings of the company. Bruderman Asset Management LLC bought a new stake in Brinker International during the second quarter worth $123,000. LS Investment Advisors LLC raised its stake in Brinker International by 18.7% in the first quarter. LS Investment Advisors LLC now owns 4,107 shares of the restaurant operator’s stock worth $181,000 after buying an additional 647 shares during the period. Kernodle & Katon Asset Management Group LLC raised 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 during the period. ING Groep NV bought a new stake in Brinker International during the second quarter worth $227,000. Finally, Eqis Capital Management Inc. raised its stake in Brinker International by 0.3% in the first quarter. Eqis Capital Management Inc. now owns 6,393 shares of the restaurant operator’s stock worth $281,000 after buying an additional 18 shares during the period.
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.