Brinker International (NYSE:EAT) Price Target Raised to $100.00 at KeyCorp

Brinker International (NYSE:EAT) had its price target hoisted by KeyCorp from $72.00 to $100.00 in a research report released on Friday, Benzinga reports. KeyCorp currently has an overweight rating on the restaurant operator’s stock.

EAT has been the topic of a number of other reports. Raymond James cut shares of Brinker International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. Stifel Nicolaus lifted their target price on shares of Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Barclays lifted their target price on shares of Brinker International from $53.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, August 15th. Morgan Stanley lifted their target price on shares of Brinker International from $42.00 to $50.00 and gave the company an “underweight” rating in a report on Tuesday, July 16th. Finally, Bank of America raised shares of Brinker International from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $63.00 to $90.00 in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.03.

Brinker International Stock Up 1.4 %

EAT stock opened at $93.76 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 19.96. Brinker International has a twelve month low of $31.95 and a twelve month high of $93.93. The company’s 50 day moving average is $75.25 and its two-hundred day moving average is $66.72. The stock has a market cap of $4.17 billion, a P/E ratio of 27.66, a PEG ratio of 1.35 and a beta of 2.51.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Research analysts expect that Brinker International will post 4.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brinker International

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its position in shares of Brinker International by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,357 shares of the restaurant operator’s stock worth $967,000 after buying an additional 169 shares in the last quarter. CWM LLC increased its stake in shares of Brinker International by 96.2% during the 2nd quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 204 shares during the last quarter. Arizona State Retirement System increased its stake 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 acquiring an additional 234 shares during the last quarter. Signaturefd LLC increased its stake in shares of Brinker International by 33.2% during the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator’s stock valued at $71,000 after acquiring an additional 246 shares during the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in Brinker International during the 1st quarter worth approximately $25,000.

About Brinker International

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.