KeyCorp Raises Brinker International (NYSE:EAT) Price Target to $100.00

Brinker International (NYSE:EAT) had its price objective lifted by KeyCorp from $72.00 to $100.00 in a research note issued to investors on Friday, Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

Other equities research analysts have also issued research reports about the stock. Evercore ISI upped their target price on shares of Brinker International from $69.00 to $90.00 and gave the stock an “in-line” rating in a report on Tuesday, October 15th. Bank of America raised Brinker International from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $63.00 to $90.00 in a research note on Thursday, October 10th. UBS Group lifted their target price on Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday. Argus lowered Brinker International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Raymond James cut Brinker International from an “outperform” rating to a “market perform” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.74.

Brinker International Trading Up 3.5 %

Shares of Brinker International stock opened at $92.46 on Friday. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. Brinker International has a 52 week low of $31.95 and a 52 week high of $93.42. The stock has a 50 day moving average price of $75.25 and a two-hundred day moving average price of $66.60. The stock has a market capitalization of $4.11 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.35 and a beta of 2.51.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share (EPS) 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 business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $1.39 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities analysts anticipate that Brinker International will post 4.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brinker International

Hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC bought a new position in Brinker International during the first quarter valued at $25,000. CWM LLC grew its stake in shares of Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 204 shares during the period. Headlands Technologies LLC purchased a new stake in Brinker International in the 1st quarter worth about $47,000. Hollencrest Capital Management bought a new stake in Brinker International in the 1st quarter valued at about $50,000. Finally, Covestor Ltd raised its stake in Brinker International by 32,500.0% in the 1st quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 1,300 shares during the period.

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.