Brinker International (NYSE:EAT) Price Target Raised to $39.00

Brinker International (NYSE:EATFree Report) had its price objective hoisted by Morgan Stanley from $36.00 to $39.00 in a research note released on Friday, Benzinga reports. Morgan Stanley currently has an underweight rating on the restaurant operator’s stock.

A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Brinker International from $52.00 to $55.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Raymond James boosted their price target on shares of Brinker International from $45.00 to $50.00 and gave the stock a strong-buy rating in a research note on Thursday, February 1st. Stifel Nicolaus boosted their price target on shares of Brinker International from $50.00 to $55.00 and gave the stock a buy rating in a research note on Thursday. Royal Bank of Canada boosted their price target on shares of Brinker International from $43.00 to $46.00 and gave the stock a sector perform rating in a research note on Thursday, February 1st. Finally, Gordon Haskett upgraded shares of Brinker International from a hold rating to a buy rating and set a $48.00 price objective for the company in a report on Tuesday, January 16th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $43.00.

View Our Latest Research Report on Brinker International

Brinker International Trading Down 3.0 %

NYSE:EAT opened at $45.24 on Friday. Brinker International has a 1 year low of $28.23 and a 1 year high of $51.72. The firm’s fifty day simple moving average is $46.81 and its 200 day simple moving average is $40.57. The firm has a market capitalization of $2.00 billion, a PE ratio of 13.27, a PEG ratio of 0.73 and a beta of 2.46.

Brinker International (NYSE:EATGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Brinker International had a net margin of 3.63% and a negative return on equity of 113.41%. As a group, analysts anticipate that Brinker International will post 3.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Brinker International news, CFO Joseph G. Taylor sold 24,163 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $44.97, for a total transaction of $1,086,610.11. Following the completion of the transaction, the chief financial officer now owns 56,661 shares of the company’s stock, valued at $2,548,045.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Brinker International

Several hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC lifted its holdings in shares of Brinker International by 11.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 11,419 shares of the restaurant operator’s stock worth $567,000 after buying an additional 1,170 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Brinker International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,399,920 shares of the restaurant operator’s stock worth $233,169,000 after buying an additional 30,861 shares during the period. Harbour Investments Inc. purchased a new stake in shares of Brinker International in the 4th quarter worth $45,000. GSA Capital Partners LLP purchased a new stake in shares of Brinker International in the 4th quarter worth $875,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Brinker International in the 4th quarter worth $230,000.

Brinker International Company Profile

(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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