Brinker International (NYSE:EAT) Price Target Raised to $190.00 at Barclays

Brinker International (NYSE:EAT) had its target price upped by Barclays from $150.00 to $190.00 in a research note released on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the stock. Northcoast Research upgraded shares of Brinker International from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Thursday. Wells Fargo & Company raised their price objective on Brinker International from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Piper Sandler increased 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. Stifel Nicolaus boosted their price target on Brinker International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday. Finally, Bank of America lifted their price target on Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $135.48.

Brinker International Stock Performance

EAT opened at $182.37 on Thursday. 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 stock has a market cap of $8.10 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 0.97 and a beta of 2.52. Brinker International has a 12-month low of $40.50 and a 12-month high of $184.19. The business has a 50 day moving average of $138.17 and a 200-day moving average of $101.23.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, beating the consensus estimate of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 16,722.22%. On average, equities research analysts expect that Brinker International will post 7.75 earnings per share for the current year.

Hedge Funds Weigh In On Brinker International

Institutional investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC increased its position 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 buying an additional 100 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Brinker International by 123.9% during the fourth quarter. GAMMA Investing LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 171 shares in the last quarter. R Squared Ltd acquired a new position in shares of Brinker International during the fourth quarter worth approximately $83,000. Xponance Inc. acquired a new position in shares of Brinker International during the second quarter worth approximately $202,000. Finally, Burford Brothers Inc. acquired a new stake in Brinker International in the 3rd quarter valued at $203,000.

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.