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.

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

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.

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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.

Analyst Recommendations for Brinker International (NYSE:EAT)

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