BMO Capital Markets Raises Brinker International (NYSE:EAT) Price Target to $65.00

Brinker International (NYSE:EAT) had its target price increased by BMO Capital Markets from $55.00 to $65.00 in a report published on Wednesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada raised their price objective on shares of Brinker International from $43.00 to $46.00 and gave the stock a sector perform rating in a research report on Thursday, February 1st. Gordon Haskett raised shares of Brinker International from a hold rating to a buy rating and set a $48.00 price target on the stock in a research report on Tuesday, January 16th. Evercore ISI increased their price objective on Brinker International from $50.00 to $53.00 and gave the stock an in-line rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Brinker International from $44.00 to $48.00 and gave the company an overweight rating in a research report on Tuesday, March 19th. Finally, Raymond James upped their price target on Brinker International from $45.00 to $50.00 and gave the company a strong-buy rating in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $46.06.

Brinker International Price Performance

Shares of Brinker International stock opened at $54.98 on Wednesday. The stock has a market capitalization of $2.45 billion, a P/E ratio of 16.31, a PEG ratio of 0.84 and a beta of 2.42. The business has a 50 day simple moving average of $47.81 and a two-hundred day simple moving average of $42.16. Brinker International has a 12 month low of $28.23 and a 12 month high of $56.30.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $1.24 EPS for the quarter, beating the consensus estimate of $1.15 by $0.09. Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company earned $1.23 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, research analysts anticipate that Brinker International will post 3.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. FMR LLC boosted its position in Brinker International by 0.8% in the 3rd quarter. FMR LLC now owns 6,694,269 shares of the restaurant operator’s stock valued at $211,472,000 after buying an additional 54,628 shares during the period. Vanguard Group Inc. boosted its holdings in Brinker International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 5,399,920 shares of the restaurant operator’s stock valued at $233,169,000 after purchasing an additional 30,861 shares during the period. Cooper Creek Partners Management LLC acquired a new position in Brinker International during the 3rd quarter worth $57,246,000. Franklin Resources Inc. raised its position in Brinker International by 24.6% in the 4th quarter. Franklin Resources Inc. now owns 1,503,198 shares of the restaurant operator’s stock valued at $64,908,000 after purchasing an additional 296,785 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Brinker International by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 936,283 shares of the restaurant operator’s stock valued at $40,430,000 after buying an additional 4,294 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.