Brinker International (NYSE:EAT) had its price target decreased by Loop Capital to $42.00 in a report released on Wednesday, The Fly reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Loop Capital’s price target would indicate a potential upside of 13.57% from the stock’s previous close.
A number of other research analysts have also recently commented on the company. Raymond James reissued an “outperform” rating and issued a $47.00 target price (down previously from $50.00) on shares of Brinker International in a research note on Wednesday. They noted that the move was a valuation call. UBS Group raised Brinker International from a “sell” rating to a “neutral” rating and set a $39.00 price objective on the stock in a research note on Monday, June 3rd. Deutsche Bank started coverage on Brinker International in a research note on Friday, June 28th. They set a “hold” rating and a $40.00 price objective on the stock. KeyCorp started coverage on Brinker International in a research note on Tuesday, July 23rd. They set a “sector weight” rating and a $45.00 price objective on the stock. Finally, Evercore ISI reaffirmed a “hold” rating and set a $40.00 price objective on shares of Brinker International in a research note on Tuesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. Brinker International currently has a consensus rating of “Hold” and a consensus price target of $44.56.
EAT traded down $1.66 during trading on Wednesday, reaching $36.98. The stock had a trading volume of 1,922,241 shares, compared to its average volume of 1,063,163. The stock has a market capitalization of $1.49 billion, a PE ratio of 10.57, a PEG ratio of 1.22 and a beta of 0.25. Brinker International has a one year low of $36.44 and a one year high of $53.61. The firm’s 50-day moving average is $39.41.
Brinker International (NYSE:EAT) last released its earnings results on Tuesday, August 13th. The restaurant operator reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. The business had revenue of $834.10 million for the quarter, compared to analysts’ expectations of $834.69 million. Brinker International had a negative return on equity of 19.10% and a net margin of 4.75%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 earnings per share. Equities analysts anticipate that Brinker International will post 3.91 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ lifted its holdings in Brinker International by 446.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 874,765 shares of the restaurant operator’s stock worth $34,422,000 after buying an additional 714,665 shares during the period. Norges Bank purchased a new position in shares of Brinker International during the fourth quarter valued at approximately $28,030,000. Prudential Financial Inc. lifted its holdings in shares of Brinker International by 93.8% during the second quarter. Prudential Financial Inc. now owns 1,163,988 shares of the restaurant operator’s stock valued at $45,803,000 after purchasing an additional 563,511 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Brinker International by 6.3% during the second quarter. Vanguard Group Inc. now owns 7,064,022 shares of the restaurant operator’s stock valued at $277,970,000 after purchasing an additional 417,228 shares during the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of Brinker International by 1,532.8% during the second quarter. Holocene Advisors LP now owns 339,800 shares of the restaurant operator’s stock valued at $13,371,000 after purchasing an additional 318,989 shares during the last quarter.
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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