Brinker International (NYSE:EAT) had its price objective hoisted by equities researchers at Barclays from $37.00 to $41.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Barclays’ target price would suggest a potential upside of 11.32% from the stock’s previous close.

EAT has been the topic of several other reports. Zacks Investment Research lowered shares of Brinker International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BMO Capital Markets reissued a “hold” rating on shares of Brinker International in a research report on Monday, November 6th. Canaccord Genuity reissued a “hold” rating on shares of Brinker International in a research report on Wednesday, November 1st. ValuEngine downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Stifel Nicolaus assumed coverage on shares of Brinker International in a research report on Monday, October 2nd. They issued a “hold” rating and a $36.00 price objective for the company. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $41.33.

Shares of Brinker International (NYSE:EAT) traded down $1.15 during mid-day trading on Tuesday, reaching $36.83. 1,629,416 shares of the company’s stock traded hands, compared to its average volume of 1,408,440. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of -2.51. Brinker International has a 12-month low of $29.50 and a 12-month high of $47.23. The firm has a market cap of $1,700.00, a price-to-earnings ratio of 13.30, a P/E/G ratio of 0.85 and a beta of 0.24.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). Brinker International had a net margin of 4.39% and a negative return on equity of 30.36%. The business had revenue of $739.40 million during the quarter, compared to analyst estimates of $749.05 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. equities analysts expect that Brinker International will post 3.32 earnings per share for the current fiscal year.

In related news, SVP Charles A. Lousignont sold 3,364 shares of Brinker International stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $33.00, for a total transaction of $111,012.00. Following the completion of the sale, the senior vice president now owns 15,074 shares of the company’s stock, valued at approximately $497,442. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Wyman Roberts sold 33,683 shares of Brinker International stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $37.88, for a total transaction of $1,275,912.04. Following the sale, the insider now directly owns 137,572 shares of the company’s stock, valued at approximately $5,211,227.36. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Several hedge funds have recently made changes to their positions in EAT. Vident Investment Advisory LLC bought a new stake in shares of Brinker International during the 3rd quarter worth about $221,000. Profund Advisors LLC boosted its holdings in shares of Brinker International by 0.8% during the 2nd quarter. Profund Advisors LLC now owns 6,849 shares of the restaurant operator’s stock worth $261,000 after buying an additional 57 shares during the period. Nomura Holdings Inc. bought a new stake in shares of Brinker International during the 2nd quarter worth about $262,000. Petrus Trust Company LTA boosted its holdings in shares of Brinker International by 27.0% during the 2nd quarter. Petrus Trust Company LTA now owns 6,949 shares of the restaurant operator’s stock worth $265,000 after buying an additional 1,476 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Brinker International by 28.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,994 shares of the restaurant operator’s stock worth $286,000 after buying an additional 1,988 shares during the period.

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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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