Evercore ISI Increases Brinker International (NYSE:EAT) Price Target to $65.00

Brinker International (NYSE:EATGet Free Report) had its price target boosted by analysts at Evercore ISI from $53.00 to $65.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “in-line” rating on the restaurant operator’s stock. Evercore ISI’s target price suggests a potential upside of 1.03% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Raymond James raised their price target on shares of Brinker International from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Royal Bank of Canada raised their price target on shares of Brinker International from $43.00 to $46.00 and gave the stock a “sector perform” rating in a report on Thursday, February 1st. Morgan Stanley raised their price target on shares of Brinker International from $36.00 to $39.00 and gave the stock an “underweight” rating in a report on Friday, April 12th. Stifel Nicolaus increased their price objective on shares of Brinker International from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, UBS Group increased their price objective on shares of Brinker International from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Brinker International currently has a consensus rating of “Hold” and an average target price of $48.29.

Read Our Latest Stock Report on EAT

Brinker International Stock Down 0.3 %

NYSE EAT opened at $64.34 on Wednesday. The firm has a market cap of $2.86 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 0.78 and a beta of 2.42. The company has a 50 day moving average price of $51.81 and a 200 day moving average price of $45.04. Brinker International has a 52 week low of $28.23 and a 52 week high of $65.93.

Brinker International (NYSE:EATGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $1.24 EPS for the quarter, topping the consensus estimate of $1.15 by $0.09. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business posted $1.23 EPS. Brinker International’s revenue was up 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Brinker International will post 3.97 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Joseph G. Taylor sold 40,050 shares of Brinker International stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $60.45, for a total value of $2,421,022.50. Following the sale, the chief financial officer now owns 66,286 shares in the company, valued at $4,006,988.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Joseph G. Taylor sold 40,050 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $60.45, for a total value of $2,421,022.50. Following the transaction, the chief financial officer now directly owns 66,286 shares of the company’s stock, valued at $4,006,988.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Prashant Ranade sold 1,100 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $62.47, for a total transaction of $68,717.00. Following the completion of the transaction, the director now directly owns 17,039 shares in the company, valued at $1,064,426.33. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Brinker International

A number of institutional investors have recently bought and sold shares of the company. Burney Co. raised its stake in Brinker International by 9.0% during the first quarter. Burney Co. now owns 8,690 shares of the restaurant operator’s stock worth $432,000 after purchasing an additional 720 shares during the period. Delphi Management Inc. MA purchased a new position in Brinker International during the first quarter worth about $654,000. Comerica Bank raised its stake in Brinker International by 26.5% during the first quarter. Comerica Bank now owns 31,284 shares of the restaurant operator’s stock worth $1,554,000 after purchasing an additional 6,553 shares during the period. Transcendent Capital Group LLC purchased a new position in Brinker International during the first quarter worth about $25,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Brinker International by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 33,253 shares of the restaurant operator’s stock worth $1,653,000 after purchasing an additional 1,588 shares during the period.

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.

See Also

Analyst Recommendations for Brinker International (NYSE:EAT)

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