Brinker International (NYSE:EAT) PT Raised to $83.00 at Citigroup

Brinker International (NYSE:EAT) had its target price upped by stock analysts at Citigroup from $69.00 to $83.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price target points to a potential upside of 0.04% from the company’s previous close.

EAT has been the subject of a number of other reports. KeyCorp upgraded shares of Brinker International from a “sector weight” rating to an “overweight” rating and set a $72.00 target price for the company in a report on Thursday, August 15th. Morgan Stanley boosted their target price on shares of Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a report on Tuesday, July 16th. Wells Fargo & Company upped their price objective on shares of Brinker International from $45.00 to $50.00 and gave the company an “underweight” rating in a report on Thursday, August 15th. Bank of America upped their price objective on shares of Brinker International from $58.00 to $63.00 and gave the company an “underperform” rating in a report on Thursday, August 15th. Finally, Stifel Nicolaus upped their price objective on shares of Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Brinker International has a consensus rating of “Hold” and a consensus target price of $64.68.

Brinker International Stock Down 1.8 %

NYSE:EAT opened at $82.97 on Tuesday. Brinker International has a 1-year low of $29.65 and a 1-year high of $84.76. The company has a 50-day moving average of $71.71 and a 200 day moving average of $64.69. The firm has a market cap of $3.69 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.27 and a beta of 2.51. The company has a debt-to-equity ratio of 19.96, a current ratio of 0.38 and a quick ratio of 0.32.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the company earned $1.39 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, research analysts anticipate that Brinker International will post 4.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Brinker International

Several hedge funds have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new stake in Brinker International in the 3rd quarter worth approximately $230,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Brinker International in the 2nd quarter worth approximately $7,818,000. Cetera Investment Advisers boosted its position in Brinker International by 27.6% in the 2nd quarter. Cetera Investment Advisers now owns 22,925 shares of the restaurant operator’s stock worth $1,660,000 after purchasing an additional 4,958 shares in the last quarter. Cape Cod Five Cents Savings Bank purchased a new stake in Brinker International in the 2nd quarter worth approximately $210,000. Finally, Creative Planning boosted its position in Brinker International by 49.3% in the 2nd quarter. Creative Planning now owns 14,310 shares of the restaurant operator’s stock worth $1,036,000 after purchasing an additional 4,723 shares in the last quarter.

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.