Brinker International, Inc. (NYSE:EAT) Receives $54.03 Consensus PT from Analysts

Brinker International, Inc. (NYSE:EAT) has been given a consensus rating of “Hold” by the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $54.72.

A number of analysts have commented on EAT shares. BMO Capital Markets lifted their price target on Brinker International from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Morgan Stanley lifted their price target on Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on Brinker International from $48.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Jefferies Financial Group lifted their price objective on Brinker International from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Finally, UBS Group lifted their price objective on Brinker International from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th.

Brinker International Stock Performance

Shares of EAT opened at $65.21 on Wednesday. The stock has a 50-day moving average of $67.56 and a two-hundred day moving average of $53.38. Brinker International has a one year low of $28.23 and a one year high of $76.02. The stock has a market cap of $2.90 billion, a P/E ratio of 19.35, a P/E/G ratio of 0.68 and a beta of 2.52.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Analysts predict that Brinker International will post 4.05 EPS for the current fiscal year.

Insider Activity at Brinker International

In other Brinker International news, CFO Joseph G. Taylor sold 40,050 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $60.45, for a total transaction of $2,421,022.50. Following the completion of the sale, the chief financial officer now directly owns 66,286 shares in the company, valued at approximately $4,006,988.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Brinker International news, Director Prashant Ranade sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $62.47, for a total transaction of $68,717.00. Following the completion of the sale, the director now directly owns 17,039 shares in the company, valued at approximately $1,064,426.33. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Joseph G. Taylor sold 40,050 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $60.45, for a total value of $2,421,022.50. Following the sale, the chief financial officer now owns 66,286 shares of the company’s stock, valued at $4,006,988.70. The disclosure for this sale can be found here. Insiders sold a total of 57,714 shares of company stock worth $3,637,623 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Brinker International

Several large investors have recently bought and sold shares of EAT. Transcendent Capital Group LLC purchased a new stake in Brinker International during the 1st quarter worth approximately $25,000. TFO Wealth Partners LLC increased its stake in Brinker International by 64,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock worth $28,000 after buying an additional 648 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Brinker International by 3,611.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 650 shares during the last quarter. CWM LLC boosted its holdings in shares of Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 204 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Brinker International during the 1st quarter worth approximately $47,000.

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.