Brinker International, Inc. (NYSE:EAT) Receives Average Recommendation of “Moderate Buy” from Analysts

Brinker International, Inc. (NYSE:EAT) has received an average recommendation of “Moderate Buy” from the twenty-two analysts that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $193.25.

Several equities research analysts have commented on EAT shares. Barclays upped their price target on shares of Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. KeyCorp boosted their price target on Brinker International from $177.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. TD Cowen lifted their target price on shares of Brinker International from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 20th. Weiss Ratings upgraded shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 16th. Finally, Morgan Stanley increased their target price on shares of Brinker International from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th.

Institutional Trading of Brinker International

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Brinker International by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock worth $691,680,000 after buying an additional 73,346 shares in the last quarter. UBS Group AG grew its holdings in shares of Brinker International by 103.2% during the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock worth $427,066,000 after buying an additional 1,511,266 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Brinker International by 27.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock worth $176,542,000 after buying an additional 301,912 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Brinker International by 667.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after acquiring an additional 993,435 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of Brinker International by 96.5% during the 4th quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock worth $163,306,000 after purchasing an additional 558,799 shares during the last quarter.

Brinker International Stock Performance

EAT opened at $225.85 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05. Brinker International has a 12-month low of $100.30 and a 12-month high of $226.70. The firm has a 50 day moving average of $174.13 and a two-hundred day moving average of $157.21. The firm has a market capitalization of $9.69 billion, a PE ratio of 22.14, a P/E/G ratio of 1.29 and a beta of 1.24.

About Brinker International

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.