Brinker International, Inc. (NYSE:EAT) Given Average Rating of “Hold” by Brokerages

Brinker International, Inc. (NYSE:EAT) has been assigned a consensus rating of “Hold” from the eighteen analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $86.45.

A number of equities research analysts have recently commented on EAT shares. Wedbush restated a “neutral” rating and set a $68.00 target price on shares of Brinker International in a research report on Thursday, August 15th. Citigroup raised their price objective on Brinker International from $83.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. UBS Group upped their target price on Brinker International from $70.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Argus cut shares of Brinker International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Piper Sandler boosted their price target on shares of Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, November 4th.

Brinker International Trading Up 4.6 %

Shares of NYSE:EAT opened at $122.91 on Tuesday. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. Brinker International has a 12-month low of $34.77 and a 12-month high of $123.66. The business has a 50 day moving average of $91.01 and a two-hundred day moving average of $75.47. The company has a market capitalization of $5.46 billion, a PE ratio of 29.98, a PEG ratio of 1.29 and a beta of 2.46.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.26. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. As a group, analysts forecast that Brinker International will post 5.52 EPS for the current year.

Insider Buying and Selling at Brinker International

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total value of $386,634.06. Following the completion of the sale, the chief financial officer now directly owns 23,071 shares in the company, valued at $2,376,774.42. This represents a 13.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Boston Partners raised 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 purchasing an additional 1,106,046 shares during the period. Marshall Wace LLP increased its holdings in shares of Brinker International by 13,850.1% during the 2nd quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator’s stock worth $76,546,000 after buying an additional 1,049,836 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Brinker International by 31.7% during the 2nd quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock worth $68,228,000 after buying an additional 227,047 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Brinker International by 55.1% during the 3rd quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator’s stock valued at $47,351,000 after buying an additional 219,836 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Brinker International in the third quarter valued at approximately $14,611,000.

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.