Brinker International (NYSE:EAT) PT Raised to $85.00 at Wells Fargo & Company

Brinker International (NYSE:EAT) had its target price upped by Wells Fargo & Company from $50.00 to $85.00 in a report published on Monday morning, Benzinga reports. They currently have an underweight rating on the restaurant operator’s stock.

A number of other analysts also recently commented on EAT. Wedbush reiterated a “neutral” rating and set a $68.00 target price on shares of Brinker International in a research report on Thursday, August 15th. KeyCorp upped their price objective on Brinker International from $72.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group upped their price objective on Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Bank of America upgraded Brinker International from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $63.00 to $90.00 in a research report on Thursday, October 10th. Finally, Evercore ISI upped their price objective on Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Brinker International has a consensus rating of “Hold” and a consensus target price of $74.03.

Brinker International Stock Up 1.4 %

EAT opened at $93.76 on Monday. The business’s fifty day moving average is $75.25 and its two-hundred day moving average is $66.72. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 1.35 and a beta of 2.51. Brinker International has a one year low of $31.95 and a one year high of $93.93.

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

Institutional Investors Weigh In On Brinker International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake 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 acquiring an additional 135,580 shares during the last quarter. Boston Partners increased its stake in Brinker International by 231.8% during the first quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock worth $78,602,000 after acquiring an additional 1,106,046 shares during the last quarter. Marshall Wace LLP increased its stake in Brinker International by 13,850.1% during the second quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator’s stock worth $76,546,000 after acquiring an additional 1,049,836 shares during the last quarter. Millennium Management LLC increased its stake in Brinker International by 31.7% during the second quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock worth $68,228,000 after acquiring an additional 227,047 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Brinker International by 15.9% during the second quarter. Renaissance Technologies LLC now owns 295,700 shares of the restaurant operator’s stock worth $21,406,000 after acquiring an additional 40,500 shares during 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.