Brinker International (NYSE:EAT) Price Target Raised to $150.00 at Barclays

Brinker International (NYSE:EAT - Get Free Report) had its target price hoisted by research analysts at Barclays from $143.00 to $150.00 in a report released on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the restaurant operator's stock. Barclays's price target indicates a potential upside of 0.25% from the company's current price.

A number of other equities analysts also recently weighed in on EAT. Piper Sandler upped their price target on shares of Brinker International from $62.00 to $97.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Bank of America increased their target price on shares of Brinker International from $97.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. downgraded shares of Brinker International from an "overweight" rating to a "neutral" rating and increased their target price for the stock from $67.00 to $100.00 in a research report on Thursday, October 31st. Wells Fargo & Company increased their target price on shares of Brinker International from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Argus upgraded shares of Brinker International from a "hold" rating to a "buy" rating and set a $150.00 price target for the company in a report on Tuesday, December 24th. Sixteen research analysts have rated the stock with 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 a consensus price target of $109.45.

Brinker International Stock Performance

Shares of NYSE:EAT traded down $4.89 during trading on Friday, hitting $149.63. 1,278,907 shares of the company traded hands, compared to its average volume of 1,012,019. Brinker International has a one year low of $39.11 and a one year high of $155.13. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 1.56 and a beta of 2.52. The business's fifty day moving average is $134.01 and its 200-day moving average is $97.84. The company has a quick ratio of 0.26, a current ratio of 0.32 and a debt-to-equity ratio of 63.54.

Brinker International (NYSE:EAT - Get Free Report) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.26. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The firm's revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, equities analysts predict that Brinker International will post 5.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Michaela M. Ware sold 3,753 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $103.02, for a total value of $386,634.06. Following the completion of the sale, the chief financial officer now directly owns 23,071 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 1.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brinker International

A number of large investors have recently added to or reduced their stakes in EAT. Geode Capital Management LLC boosted its position in Brinker International by 0.8% in the third quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator's stock valued at $76,413,000 after buying an additional 8,105 shares during the last quarter. Millennium Management LLC boosted its position in Brinker International by 31.7% in the 2nd quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator's stock worth $68,228,000 after purchasing an additional 227,047 shares in the last quarter. Fisher Asset Management LLC boosted its position in Brinker International by 4.3% in the 3rd quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator's stock worth $52,900,000 after purchasing an additional 28,373 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Brinker International in the 4th quarter worth approximately $81,888,000. Finally, Wellington Management Group LLP boosted its position in Brinker International by 55.1% in the 3rd quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator's stock worth $47,351,000 after purchasing an additional 219,836 shares in the last quarter.

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.