Brinker International (EAT) Stock Rating Reaffirmed by Barclays
Brinker International (NYSE:EAT)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Barclays in a report issued on Tuesday, MarketBeat reports. They currently have a $41.00 price target on the restaurant operator’s stock, up from their prior price target of $37.00. Barclays’ price objective would suggest a potential upside of 11.32% from the company’s current price.
A number of other research analysts have also commented on the company. Zacks Investment Research upgraded Brinker International from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Friday, October 13th. Maxim Group reiterated a “buy” rating and set a $49.00 price target on shares of Brinker International in a report on Thursday, November 2nd. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price target on shares of Brinker International in a report on Thursday, December 21st. Telsey Advisory Group cut their price target on Brinker International from $40.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, September 19th. Finally, Stephens cut their price target on Brinker International from $40.00 to $34.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. 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 presently has an average rating of “Hold” and a consensus target price of $41.33.
Shares of Brinker International (EAT) traded down $1.15 during mid-day trading on Tuesday, hitting $36.83. The stock had a trading volume of 1,629,400 shares, compared to its average volume of 1,408,440. Brinker International has a one year low of $29.50 and a one year high of $47.23. The firm has a market capitalization of $1,700.00, a price-to-earnings ratio of 13.30, a PEG ratio of 0.85 and a beta of 0.24. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of -2.51.
In other Brinker International news, insider Wyman Roberts sold 33,683 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $37.88, for a total value of $1,275,912.04. Following the sale, the insider now directly owns 137,572 shares in the company, valued at $5,211,227.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Charles A. Lousignont sold 3,364 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $33.00, for a total value of $111,012.00. Following the completion of the sale, the senior vice president now owns 15,074 shares in the company, valued at $497,442. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.
Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in Brinker International by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,198,052 shares of the restaurant operator’s stock valued at $45,647,000 after acquiring an additional 9,729 shares during the period. Gotham Asset Management LLC grew its position in Brinker International by 348.9% in the second quarter. Gotham Asset Management LLC now owns 421,534 shares of the restaurant operator’s stock valued at $16,060,000 after acquiring an additional 327,637 shares during the period. BlackRock Inc. grew its position in Brinker International by 27.8% in the second quarter. BlackRock Inc. now owns 5,080,271 shares of the restaurant operator’s stock valued at $193,557,000 after acquiring an additional 1,104,999 shares during the period. Bank of Nova Scotia bought a new stake in Brinker International in the second quarter valued at $4,243,000. Finally, Koch Industries Inc. bought a new stake in Brinker International in the second quarter valued at $533,000.
Brinker International Company Profile
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.
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