Brinker International (NYSE:EAT) Stock Price Expected to Rise, Citigroup Analyst Says

Brinker International (NYSE:EAT) had its price objective lifted by Citigroup from $166.00 to $185.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price objective would indicate a potential upside of 1.44% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Piper Sandler upped their price objective on Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wells Fargo & Company increased their price target on shares of Brinker International from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Raymond James cut shares of Brinker International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. KeyCorp lowered shares of Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price target on the stock. in a report on Friday, January 24th. Finally, Bank Of America (Bofa) raised their price objective on Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Brinker International currently has a consensus rating of “Hold” and an average target price of $133.98.

Brinker International Stock Up 1.4 %

NYSE:EAT traded up $2.58 during mid-day trading on Thursday, reaching $182.37. The company’s stock had a trading volume of 1,850,728 shares, compared to its average volume of 1,284,488. 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 market capitalization of $8.10 billion, a PE ratio of 44.48, a price-to-earnings-growth ratio of 1.56 and a beta of 2.52. The stock has a fifty day moving average of $136.99 and a 200-day moving average of $100.66. Brinker International has a 1 year low of $40.50 and a 1 year high of $184.19.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. Equities research analysts forecast that Brinker International will post 5.96 earnings per share for the current year.

Institutional Investors Weigh In On Brinker International

Several institutional investors and hedge funds have recently added to or reduced their stakes in EAT. Wolff Wiese Magana LLC lifted its holdings in Brinker International by 100.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 200 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Brinker International by 123.9% in the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock worth $41,000 after buying an additional 171 shares in the last quarter. R Squared Ltd acquired a new position in Brinker International during the fourth quarter worth about $83,000. Longboard Asset Management LP purchased a new stake in Brinker International during the 4th quarter valued at about $219,000. Finally, Advisory Resource Group acquired a new stake in Brinker International in the 4th quarter valued at about $221,000.

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.