Brinker International (NYSE:EAT) Given New $115.00 Price Target at KeyCorp

Brinker International (NYSE:EAT) had its price objective hoisted by KeyCorp from $100.00 to $115.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the restaurant operator’s stock.

Other analysts have also recently issued reports about the company. Raymond James cut Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Bank Of America (Bofa) upped their target price on Brinker International from $94.00 to $97.00 in a research report on Tuesday. BMO Capital Markets cut Brinker International from an “outperform” rating to a “market perform” rating and upped their target price for the company from $80.00 to $105.00 in a research report on Thursday. JPMorgan Chase & Co. cut Brinker International from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $67.00 to $100.00 in a research report on Thursday. Finally, Citigroup increased their price objective on Brinker International from $69.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $84.19.

Brinker International Trading Down 1.5 %

EAT opened at $102.71 on Thursday. Brinker International has a one year low of $32.90 and a one year high of $107.15. The company has a market cap of $4.60 billion, a P/E ratio of 25.05, a PEG ratio of 1.71 and a beta of 2.51. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.32 and a current ratio of 0.32. The business’s 50-day simple moving average is $79.86 and its 200-day simple moving average is $69.33.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 839.19% and a net margin of 4.11%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. As a group, equities research analysts expect that Brinker International will post 4.78 EPS for the current fiscal year.

Institutional Trading of Brinker International

Several hedge funds have recently modified their holdings of EAT. Allspring Global Investments Holdings LLC lifted its holdings in shares of Brinker International by 8.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,190 shares of the restaurant operator’s stock valued at $705,000 after buying an additional 1,111 shares during the period. BNP Paribas Financial Markets increased its stake in Brinker International by 6.7% in the 1st quarter. BNP Paribas Financial Markets now owns 37,120 shares of the restaurant operator’s stock valued at $1,844,000 after purchasing an additional 2,343 shares in the last quarter. Hollencrest Capital Management purchased a new position in Brinker International in the 1st quarter valued at approximately $50,000. Texas Permanent School Fund Corp increased its stake in Brinker International by 3.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 38,707 shares of the restaurant operator’s stock valued at $1,923,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Duality Advisers LP purchased a new position in Brinker International in the 1st quarter valued at approximately $323,000.

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.