Brinker International (NYSE:EAT) Given New $143.00 Price Target at Barclays

Brinker International (NYSE:EAT) had its price target raised by Barclays from $95.00 to $143.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the restaurant operator’s stock.

EAT has been the subject of a number of other reports. KeyCorp increased their price target on Brinker International from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. cut shares of Brinker International from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $67.00 to $100.00 in a research report on Thursday, October 31st. Raymond James lowered shares of Brinker International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. Bank Of America (Bofa) lifted their target price on shares of Brinker International from $94.00 to $97.00 in a report on Tuesday, October 29th. Finally, BMO Capital Markets lowered Brinker International from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $80.00 to $105.00 in a research report on Thursday, October 31st. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $103.53.

Brinker International Trading Down 2.8 %

Shares of EAT stock opened at $136.84 on Tuesday. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. Brinker International has a twelve month low of $37.25 and a twelve month high of $142.47. The company’s 50-day moving average price is $126.13 and its 200-day moving average price is $92.08. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 1.46 and a beta of 2.52.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.26. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. Brinker International’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. As a group, equities analysts predict that Brinker International will post 5.43 earnings per share for the current year.

Insider Transactions at Brinker International

In other news, CFO Michaela M. Ware sold 3,753 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $103.02, for a total transaction of $386,634.06. Following the sale, the chief financial officer now owns 23,071 shares of the company’s stock, valued at approximately $2,376,774.42. This trade represents a 13.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.72% of the company’s stock.

Hedge Funds Weigh In On Brinker International

Several hedge funds have recently added to or reduced their stakes in EAT. GAMMA Investing LLC lifted its position in shares of Brinker International by 123.9% during the 4th quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock worth $41,000 after buying an additional 171 shares during the last quarter. Quest Partners LLC lifted its position in Brinker International by 1,265.2% in the second quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator’s stock valued at $136,000 after acquiring an additional 1,746 shares during the last quarter. Burford Brothers Inc. purchased a new stake in Brinker International in the third quarter valued at $203,000. Parametrica Management Ltd acquired a new position in Brinker International in the third quarter valued at $209,000. Finally, Xponance Inc. purchased a new position in shares of Brinker International during the second quarter worth about $202,000.

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.