Brinker International (NYSE:EAT) Price Target Raised to $97.00

Brinker International (NYSE:EAT) had its price objective boosted by Piper Sandler from $62.00 to $97.00 in a research report released on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the restaurant operator’s stock.

EAT has been the topic of several other research reports. Bank of America raised their target price on shares of Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Argus cut shares of Brinker International from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Bank Of America (Bofa) raised their target price on shares of Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. UBS Group lifted their price objective on shares of Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Wedbush reissued a “neutral” rating and issued a $68.00 target price on shares of Brinker International in a report on Thursday, August 15th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $86.45.

Brinker International Trading Down 4.4 %

NYSE EAT opened at $110.73 on Monday. The company’s 50-day simple moving average is $84.45 and its two-hundred day simple moving average is $71.82. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32. Brinker International has a one year low of $33.24 and a one year high of $119.42. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 1.19 and a beta of 2.46.

Brinker International (NYSE:EAT) last released its 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 net margin of 4.11% and a negative return on equity of 839.19%. 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 firm earned $0.28 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts forecast that Brinker International will post 5.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Brinker International news, CFO Michaela M. Ware sold 3,753 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 23,071 shares of the company’s stock, valued at $2,376,774.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Brinker International

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Advisors LLC acquired a new stake in shares of Brinker International during the 1st quarter valued at approximately $714,000. Lazard Asset Management LLC boosted its stake in Brinker International by 36.7% during the first quarter. Lazard Asset Management LLC now owns 279,974 shares of the restaurant operator’s stock valued at $13,908,000 after buying an additional 75,225 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Brinker International by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock valued at $275,004,000 after purchasing an additional 135,580 shares during the last quarter. Boston Partners lifted its holdings in shares of Brinker International by 231.8% during the first quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock valued at $78,602,000 after purchasing an additional 1,106,046 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Brinker International by 1,686.8% during the second quarter. Assenagon Asset Management S.A. now owns 192,972 shares of the restaurant operator’s stock valued at $13,969,000 after purchasing an additional 182,172 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.