Brinker International (NYSE:EAT) Price Target Raised to $95.00

Brinker International (NYSE:EAT) had its target price lifted by investment analysts at Wells Fargo & Company from $85.00 to $95.00 in a report released on Thursday, Benzinga reports. The firm currently has an “underweight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 7.51% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Argus downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Barclays upped their price objective on Brinker International from $76.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group boosted their price target on Brinker International from $70.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Bank Of America (Bofa) raised their price objective on Brinker International from $94.00 to $97.00 in a research note on Tuesday. Finally, BMO Capital Markets downgraded shares of Brinker International from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $80.00 to $105.00 in a report on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Brinker International currently has an average rating of “Hold” and an average price target of $84.19.

Brinker International Stock Down 1.5 %

Shares of NYSE:EAT traded down $1.54 during trading on Thursday, hitting $102.71. The company’s stock had a trading volume of 2,313,079 shares, compared to its average volume of 1,455,667. The company has a market capitalization of $4.57 billion, a PE ratio of 30.48, a PEG ratio of 1.35 and a beta of 2.51. Brinker International has a fifty-two week low of $32.90 and a fifty-two week high of $107.15. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.32 and a current ratio of 0.38. The stock’s 50-day moving average price is $79.86 and its two-hundred day moving average price is $69.33.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, beating the consensus estimate of $0.69 by $0.26. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 EPS. As a group, sell-side analysts expect that Brinker International will post 4.66 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EAT. Transcendent Capital Group LLC acquired a new stake in Brinker International in the first quarter worth approximately $25,000. CWM LLC lifted its holdings in shares of Brinker International by 96.2% in the second quarter. CWM LLC now owns 416 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 204 shares during the period. Headlands Technologies LLC bought a new position in Brinker International during the first quarter valued at about $47,000. Hollencrest Capital Management acquired a new position in Brinker International during the first quarter worth about $50,000. Finally, Covestor Ltd raised its position in Brinker International by 32,500.0% in the first quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 1,300 shares in the last quarter.

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.