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

Brinker International (NYSE:EAT - Free Report) had its price target upped by Barclays from $95.00 to $143.00 in a research report released on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator's stock.

Other equities research analysts have also recently issued research reports about the stock. Bank of America upped their price objective on shares of Brinker International from $97.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. BMO Capital Markets cut Brinker International from an "outperform" rating to a "market perform" rating and increased their target price for the company from $80.00 to $105.00 in a report on Thursday, October 31st. Stifel Nicolaus lifted their price target on Brinker International from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. The Goldman Sachs Group started coverage on Brinker International in a research note on Thursday, December 5th. They set a "buy" rating and a $150.00 price objective for the company. Finally, Citigroup lifted their target price on shares of Brinker International from $83.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Fifteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $103.53.

Brinker International Price Performance

Shares of NYSE:EAT traded down $3.98 on Tuesday, hitting $136.84. The company's stock had a trading volume of 1,026,695 shares, compared to its average volume of 982,174. The company has a market capitalization of $6.08 billion, a PE ratio of 33.38, a PEG ratio of 1.46 and a beta of 2.52. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. The company has a 50-day simple moving average of $125.34 and a 200 day simple moving average of $91.62. Brinker International has a 1 year low of $37.25 and a 1 year high of $142.47.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.26. The business had revenue of $1.14 billion during 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 for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. Sell-side analysts forecast that Brinker International will post 5.43 EPS for the current fiscal year.

Insider Buying and Selling at Brinker International

In other news, CFO Michaela M. Ware sold 3,753 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $103.02, for a total value of $386,634.06. Following the sale, the chief financial officer now directly owns 23,071 shares of the company's stock, valued at approximately $2,376,774.42. This represents a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.72% of the company's stock.

Institutional Trading of Brinker International

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in 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 during the last quarter. Quest Partners LLC lifted its position in Brinker International by 1,265.2% in the 2nd 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 in the last quarter. Burford Brothers Inc. purchased a new stake in Brinker International during the 3rd quarter valued at $203,000. Parametrica Management Ltd bought a new stake in shares of Brinker International in the 3rd quarter worth $209,000. Finally, Xponance Inc. purchased a new position in shares of Brinker International in the second quarter worth $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.