Brinker International, Inc. (NYSE:EAT) Receives $141.14 Average Target Price from Analysts

Shares of Brinker International, Inc. (NYSE:EAT) have been assigned an average recommendation of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat reports. Thirteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $141.14.

A number of analysts recently issued reports on EAT shares. JPMorgan Chase & Co. raised their price objective on Brinker International from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Wells Fargo & Company dropped their price target on shares of Brinker International from $165.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. Barclays lowered their price objective on shares of Brinker International from $165.00 to $155.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. BMO Capital Markets boosted their target price on Brinker International from $105.00 to $125.00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Finally, Wedbush raised their price target on Brinker International from $140.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th.

Brinker International Stock Up 0.3 %

NYSE EAT opened at $137.09 on Tuesday. The business’s fifty day simple moving average is $144.50 and its 200-day simple moving average is $140.77. The company has a quick ratio of 0.27, a current ratio of 0.33 and a debt-to-equity ratio of 4.96. The firm has a market cap of $6.09 billion, a PE ratio of 23.76, a P/E/G ratio of 0.49 and a beta of 1.66. Brinker International has a 52 week low of $56.27 and a 52 week high of $192.22.

Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.18. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. Brinker International had a net margin of 5.45% and a return on equity of 879.47%. Brinker International’s revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS. As a group, equities analysts anticipate that Brinker International will post 8.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Douglas N. Comings sold 7,500 shares of Brinker International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $167.10, for a total transaction of $1,253,250.00. Following the sale, the chief operating officer now directly owns 26,752 shares in the company, valued at $4,470,259.20. This trade represents a 21.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ramona Hood sold 777 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total transaction of $105,073.71. Following the completion of the transaction, the director now owns 8,568 shares of the company’s stock, valued at $1,158,650.64. This represents a 8.31 % decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its holdings in shares of Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Coppell Advisory Solutions LLC acquired a new position in Brinker International in the fourth quarter valued at $26,000. Farther Finance Advisors LLC raised its holdings in shares of Brinker International by 575.0% in the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 161 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Brinker International during the first quarter worth about $30,000. Finally, Continuum Advisory LLC grew its holdings in shares of Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator’s stock worth $38,000 after buying an additional 240 shares during the last quarter.

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.