Brinker International (NYSE:EAT) PT Raised to $50.00

Brinker International (NYSE:EAT) had its target price hoisted by stock analysts at Evercore ISI from $48.00 to $50.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “in-line” rating on the restaurant operator’s stock. Evercore ISI’s target price indicates a potential upside of 10.55% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley increased their target price on shares of Brinker International from $36.00 to $39.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. StockNews.com downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Barclays boosted their target price on Brinker International from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, January 3rd. Jefferies Financial Group increased their price target on Brinker International from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Brinker International from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.80.

Brinker International Stock Down 0.2 %

NYSE:EAT opened at $45.23 on Thursday. The company has a market capitalization of $2.00 billion, a PE ratio of 13.26, a P/E/G ratio of 0.71 and a beta of 2.46. Brinker International has a 52-week low of $28.23 and a 52-week high of $51.72. The stock’s 50 day moving average price is $46.86 and its 200 day moving average price is $40.92.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. As a group, sell-side analysts anticipate that Brinker International will post 3.71 EPS for the current fiscal year.

Insider Buying and Selling

In other Brinker International news, CFO Joseph G. Taylor sold 24,163 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $44.97, for a total value of $1,086,610.11. Following the completion of the transaction, the chief financial officer now directly owns 56,661 shares of the company’s stock, valued at $2,548,045.17. The sale was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Brinker International

Institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming purchased a new stake in Brinker International during the second quarter worth $27,000. TFO Wealth Partners LLC boosted its position in shares of Brinker International by 64,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock worth $28,000 after buying an additional 648 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Brinker International by 3,611.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 650 shares during the last quarter. Signaturefd LLC increased its holdings in Brinker International by 68.9% during the 3rd quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 386 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Brinker International in the third quarter valued at about $31,000.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.