Brinker International (NYSE:EAT) was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a report issued on Wednesday, Briefing.com Automated Import reports. The firm presently has a $47.00 target price on the restaurant operator’s stock. Telsey Advisory Group’s target price points to a potential upside of 17.65% from the company’s current price.
EAT has been the subject of several other research reports. Zacks Investment Research raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Tuesday, April 16th. UBS Group began coverage on shares of Brinker International in a report on Friday, April 26th. They set a “sell” rating and a $39.00 price objective for the company. ValuEngine downgraded shares of Brinker International from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Evercore ISI started coverage on shares of Brinker International in a report on Tuesday. They set a $40.00 price objective for the company. Finally, Maxim Group reaffirmed a “buy” rating and issued a $58.00 price target on shares of Brinker International in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $44.86.
Shares of EAT stock opened at $39.95 on Wednesday. Brinker International has a 52-week low of $36.82 and a 52-week high of $54.14. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.19 and a beta of 0.24.
Brinker International (NYSE:EAT) last released its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $1.26 EPS for the quarter, beating the consensus estimate of $1.20 by $0.06. Brinker International had a net margin of 4.75% and a negative return on equity of 19.10%. The business had revenue of $839.30 million during the quarter, compared to the consensus estimate of $831.16 million. During the same quarter in the prior year, the firm earned $1.08 EPS. The business’s revenue was up 3.3% on a year-over-year basis. As a group, equities analysts expect that Brinker International will post 3.93 earnings per share for the current fiscal year.
In related news, EVP Kelly C. Baltes acquired 800 shares of the stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $42.05 per share, for a total transaction of $33,640.00. Following the completion of the purchase, the executive vice president now owns 13,134 shares of the company’s stock, valued at approximately $552,284.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.72% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of EAT. Enlightenment Research LLC bought a new position in shares of Brinker International during the fourth quarter worth about $31,000. Clarus Wealth Advisors acquired a new position in Brinker International during the fourth quarter worth $36,000. First Hawaiian Bank raised its stake in Brinker International by 164.2% during the fourth quarter. First Hawaiian Bank now owns 1,770 shares of the restaurant operator’s stock worth $78,000 after acquiring an additional 1,100 shares in the last quarter. Strategy Asset Managers LLC acquired a new position in Brinker International during the first quarter worth $79,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Brinker International during the fourth quarter worth $97,000.
About Brinker International
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.
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