Brinker International, Inc. (NYSE:EAT) had its price target reduced by investment analysts at Stephens from $40.00 to $34.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price target would indicate a potential upside of 7.12% from the stock’s current price.

Several other equities analysts also recently commented on the company. J P Morgan Chase & Co downgraded Brinker International from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $48.00 to $44.00 in a report on Thursday, June 15th. ValuEngine downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Brinker International from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. BMO Capital Markets upgraded shares of Brinker International from an “underperform” rating to a “market perform” rating and set a $40.00 price objective on the stock in a research note on Thursday, June 22nd. Finally, Maxim Group restated a “buy” rating and issued a $54.00 price objective on shares of Brinker International in a research note on Thursday, June 15th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.00.

Brinker International (EAT) traded down 2.22% on Wednesday, hitting $31.74. 1,236,423 shares of the stock were exchanged. The company has a market cap of $1.54 billion, a P/E ratio of 10.80 and a beta of 0.26. Brinker International has a one year low of $29.50 and a one year high of $55.84. The company’s 50 day moving average price is $31.84 and its 200-day moving average price is $37.71.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.09 EPS for the quarter, beating the consensus estimate of $1.04 by $0.05. Brinker International had a negative return on equity of 31.46% and a net margin of 4.79%. The company had revenue of $810.66 million for the quarter, compared to the consensus estimate of $809.94 million. During the same quarter last year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities research analysts predict that Brinker International will post $3.23 EPS for the current fiscal year.

Brinker International declared that its Board of Directors has approved a stock repurchase program on Thursday, August 10th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the restaurant operator to purchase up to 14.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/11/brinker-international-inc-eat-price-target-lowered-to-34-00-at-stephens.html.

In other news, Director Michael A. George bought 16,450 shares of Brinker International stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average cost of $30.31 per share, with a total value of $498,599.50. Following the completion of the transaction, the director now directly owns 49,952 shares in the company, valued at $1,514,045.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.91% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Koch Industries Inc. bought a new position in shares of Brinker International during the second quarter valued at $533,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Brinker International by 30.0% during the second quarter. Ameritas Investment Partners Inc. now owns 18,730 shares of the restaurant operator’s stock valued at $714,000 after acquiring an additional 4,321 shares during the period. Nomura Holdings Inc. bought a new position in shares of Brinker International during the second quarter valued at $262,000. Bank of Nova Scotia bought a new position in shares of Brinker International during the second quarter valued at $4,243,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Brinker International by 52.7% during the second quarter. The Manufacturers Life Insurance Company now owns 107,988 shares of the restaurant operator’s stock valued at $4,114,000 after acquiring an additional 37,268 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)

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.