Analysts Set Brinker International, Inc. (NYSE:EAT) Price Target at $89.63

Brinker International, Inc. (NYSE:EAT) has been given an average recommendation of “Hold” by the nineteen analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $89.63.

Several equities research analysts have weighed in on the stock. Bank of America lifted their price target on shares of Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Evercore ISI upped their price target on Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 15th. Wells Fargo & Company raised their price objective on Brinker International from $85.00 to $95.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their price objective on shares of Brinker International from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Citigroup boosted their target price on shares of Brinker International from $83.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st.

Insiders Place Their Bets

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the sale, the chief financial officer now owns 23,071 shares in the company, valued at $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.72% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. CWM LLC grew its position in Brinker International by 96.2% during the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after buying an additional 204 shares in the last quarter. Signaturefd LLC lifted its stake in Brinker International by 33.2% during the second quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 246 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Brinker International by 1,265.2% during the 2nd quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator’s stock valued at $136,000 after buying an additional 1,746 shares in the last quarter. Fifth Third Bancorp lifted its position in Brinker International by 1,111.8% in the 2nd quarter. Fifth Third Bancorp now owns 2,266 shares of the restaurant operator’s stock worth $164,000 after buying an additional 2,079 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Brinker International in the 2nd quarter valued at $166,000.

Brinker International Price Performance

EAT stock opened at $122.76 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The company’s fifty day simple moving average is $107.17 and its 200 day simple moving average is $82.59. Brinker International has a 12-month low of $37.25 and a 12-month high of $133.82. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.43 and a beta of 2.51.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, topping the consensus estimate of $0.69 by $0.26. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. On average, analysts expect that Brinker International will post 5.52 earnings per share for the current year.

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.