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.

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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.

Analyst Recommendations for Brinker International (NYSE:EAT)

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