Brinker International (NYSE:EAT) Price Target Raised to $146.00 at UBS Group

Brinker International (NYSE:EAT) had its price objective increased by UBS Group from $108.00 to $146.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group assumed coverage on Brinker International in a research report on Thursday, December 5th. They set a “buy” rating and a $150.00 price target on the stock. Piper Sandler lifted their target price on Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Barclays boosted their price target on shares of Brinker International from $76.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Citigroup raised their price objective on shares of Brinker International from $83.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley raised shares of Brinker International from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $70.00 to $115.00 in a research note on Friday, December 20th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $103.53.

Brinker International Stock Performance

Shares of EAT opened at $136.84 on Tuesday. The firm has a market capitalization of $6.08 billion, a PE ratio of 33.38, a P/E/G ratio of 1.46 and a beta of 2.52. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54. The firm has a 50-day moving average price of $126.13 and a 200 day moving average price of $92.08. Brinker International has a 52-week low of $37.25 and a 52-week high of $142.47.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share 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 company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business posted $0.28 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Brinker International will post 5.43 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Michaela M. Ware sold 3,753 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $103.02, for a total transaction of $386,634.06. Following the transaction, the chief financial officer now directly owns 23,071 shares of the company’s stock, valued at approximately $2,376,774.42. The trade was a 13.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brinker International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc purchased a new stake in shares of Brinker International during the second quarter worth $220,000. Arizona State Retirement System lifted its holdings in shares of Brinker International by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,382 shares of the restaurant operator’s stock valued at $896,000 after buying an additional 234 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Brinker International by 1,265.2% during the 2nd quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator’s stock valued at $136,000 after buying an additional 1,746 shares during the last quarter. Choreo LLC acquired a new position in Brinker International in the second quarter worth approximately $211,000. Finally, Marco Investment Management LLC bought a new position in Brinker International during the second quarter valued at approximately $279,000.

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.