Brinker International, Inc. (NYSE:EAT) Receives $109.45 Average Target Price from Brokerages

Brinker International, Inc. (NYSE:EATGet Free Report) has been assigned an average recommendation of “Hold” from the eighteen brokerages that are currently covering the company, Marketbeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $111.29.

A number of research analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Morgan Stanley raised shares of Brinker International from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $70.00 to $115.00 in a research report on Friday, December 20th. Stifel Nicolaus boosted their target price on shares of Brinker International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday. The Goldman Sachs Group initiated coverage on shares of Brinker International in a research report on Thursday, December 5th. They set a “buy” rating and a $150.00 target price on the stock. Finally, Barclays boosted their target price on shares of Brinker International from $143.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, January 24th.

Check Out Our Latest Analysis on EAT

Brinker International Price Performance

Shares of NYSE EAT opened at $155.36 on Friday. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 1.56 and a beta of 2.52. Brinker International has a 52 week low of $39.39 and a 52 week high of $155.55. The company’s 50-day moving average price is $135.89 and its 200 day moving average price is $100.11. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54.

Brinker International (NYSE:EATGet Free Report) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, research analysts forecast that Brinker International will post 5.96 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total value of $386,634.06. Following the transaction, the chief financial officer now owns 23,071 shares in the company, valued at approximately $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brinker International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC boosted its position in shares of Brinker International by 20.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,248 shares of the restaurant operator’s stock valued at $562,000 after acquiring an additional 730 shares during the period. Stephens Inc. AR bought a new stake in shares of Brinker International in the fourth quarter valued at approximately $661,000. Entropy Technologies LP bought a new stake in shares of Brinker International in the fourth quarter valued at approximately $410,000. Advisory Resource Group bought a new stake in shares of Brinker International in the fourth quarter valued at approximately $221,000. Finally, Advisors Preferred LLC bought a new stake in shares of Brinker International in the fourth quarter valued at approximately $940,000.

About Brinker International

(Get Free Report

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.

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