Brinker International (NYSE:EAT – Get Free Report) had its target price boosted by stock analysts at Citigroup from $83.00 to $110.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price would suggest a potential upside of 7.10% from the stock’s previous close.
EAT has been the subject of a number of other reports. BMO Capital Markets lowered shares of Brinker International from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $80.00 to $105.00 in a report on Thursday. KeyCorp raised their target price on shares of Brinker International from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore ISI increased their price objective on shares of Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lowered Brinker International from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $67.00 to $100.00 in a research report on Thursday. Finally, Wedbush reissued a “neutral” rating and set a $68.00 price target on shares of Brinker International in a research note on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Brinker International has a consensus rating of “Hold” and an average price target of $84.19.
Brinker International Price Performance
Brinker International (NYSE:EAT – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business posted $0.28 EPS. Brinker International’s revenue for the quarter was up 12.5% compared to the same quarter last year. Sell-side analysts forecast that Brinker International will post 4.66 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in EAT. Radnor Capital Management LLC bought a new stake in Brinker International during the 3rd quarter valued at about $341,000. Janney Montgomery Scott LLC purchased a new position in shares of Brinker International during the third quarter worth approximately $2,273,000. US Bancorp DE raised its stake in shares of Brinker International by 494.7% during the third quarter. US Bancorp DE now owns 8,682 shares of the restaurant operator’s stock valued at $664,000 after acquiring an additional 7,222 shares in the last quarter. Highview Capital Management LLC DE boosted its holdings in shares of Brinker International by 5.9% in the third quarter. Highview Capital Management LLC DE now owns 13,339 shares of the restaurant operator’s stock valued at $1,021,000 after purchasing an additional 744 shares during the period. Finally, Smith Group Asset Management LLC grew its stake in Brinker International by 24.5% in the third quarter. Smith Group Asset Management LLC now owns 11,594 shares of the restaurant operator’s stock worth $887,000 after purchasing an additional 2,283 shares in the last quarter.
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.
Further Reading
- Five stocks we like better than Brinker International
- Roth IRA Calculator: Calculate Your Potential Returns
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- What Does Downgrade Mean in Investing?
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- What Are Dividends? Buy the Best Dividend Stocks
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
Receive News & Ratings for Brinker International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International and related companies with MarketBeat.com's FREE daily email newsletter.