Brinker International (EAT) Price Target Increased to $41.00 by Analysts at Barclays
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.
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.
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