Brinker International (NYSE:EAT) Price Target Raised to $90.00 at Evercore ISI

Brinker International (NYSE:EAT) had its target price hoisted by Evercore ISI from $69.00 to $90.00 in a research note issued to investors on Tuesday, Benzinga reports. Evercore ISI currently has an in-line rating on the restaurant operator’s stock.

Several other equities analysts have also commented on the company. Argus lowered Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Wedbush restated a “neutral” rating and set a $68.00 target price on shares of Brinker International in a research note on Thursday, August 15th. Stifel Nicolaus increased their price target on shares of Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley boosted their price objective on shares of Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 16th. Finally, Wells Fargo & Company increased their target price on shares of Brinker International from $45.00 to $50.00 and gave the company an “underweight” rating in a research report on Thursday, August 15th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $71.74.

Brinker International Price Performance

EAT stock opened at $92.46 on Tuesday. The business’s 50-day moving average is $75.25 and its two-hundred day moving average is $66.49. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32. The firm has a market capitalization of $4.11 billion, a P/E ratio of 27.44, a P/E/G ratio of 1.35 and a beta of 2.51. Brinker International has a 1 year low of $31.95 and a 1 year high of $93.42.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). Brinker International had a net margin of 3.52% and a negative return on equity of 274.62%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business earned $1.39 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. Analysts anticipate that Brinker International will post 4.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Brinker International by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock worth $275,004,000 after purchasing an additional 135,580 shares in the last quarter. Boston Partners raised its stake in shares of Brinker International by 231.8% during the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock worth $78,602,000 after buying an additional 1,106,046 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Brinker International by 13,850.1% during the 2nd quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator’s stock worth $76,546,000 after buying an additional 1,049,836 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Brinker International by 31.7% in the 2nd quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock valued at $68,228,000 after buying an additional 227,047 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Brinker International by 15.9% in the second quarter. Renaissance Technologies LLC now owns 295,700 shares of the restaurant operator’s stock valued at $21,406,000 after buying an additional 40,500 shares in the last quarter.

About Brinker International

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.