Brinker International, Inc. (NYSE:EAT) Receives $89.63 Consensus PT from Brokerages

Shares of Brinker International, Inc. (NYSE:EAT - Get Free Report) have been assigned a consensus rating of "Hold" from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $89.63.

Several analysts have recently issued reports on the company. Bank Of America (Bofa) increased their price target on shares of Brinker International from $94.00 to $97.00 in a report on Tuesday, October 29th. The Goldman Sachs Group assumed coverage on Brinker International in a report on Thursday. They issued a "buy" rating and a $150.00 target price for the company. UBS Group increased 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. Barclays lifted their price objective on shares of Brinker International from $76.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company increased their target price on shares of Brinker International from $85.00 to $95.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st.

Insiders Place Their Bets

In related news, CFO Michaela M. Ware sold 3,753 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $2,376,774.42. The trade was a 13.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brinker International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC raised its position 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 in the last quarter. Signaturefd LLC boosted its holdings in shares of Brinker International by 33.2% in the 2nd quarter. Signaturefd LLC now owns 986 shares of the restaurant operator's stock valued at $71,000 after buying an additional 246 shares during the period. Quest Partners LLC grew its position in shares of Brinker International by 1,265.2% during the 2nd quarter. Quest Partners LLC now owns 1,884 shares of the restaurant operator's stock valued at $136,000 after buying an additional 1,746 shares during the last quarter. Fifth Third Bancorp raised its stake in Brinker International by 1,111.8% during the second quarter. Fifth Third Bancorp now owns 2,266 shares of the restaurant operator's stock worth $164,000 after acquiring an additional 2,079 shares during the period. Finally, nVerses Capital LLC bought a new position in Brinker International in the second quarter worth about $166,000.

Brinker International Stock Performance

Shares of EAT traded down $0.92 during mid-day trading on Friday, hitting $129.85. 808,007 shares of the company traded hands, compared to its average volume of 1,114,186. Brinker International has a 1 year low of $37.25 and a 1 year high of $133.82. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.26 and a current ratio of 0.32. The stock has a 50-day moving average price of $106.24 and a two-hundred day moving average price of $81.92. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 1.42 and a beta of 2.51.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.26. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The company's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Equities analysts anticipate that Brinker International will post 5.52 earnings per share for the current year.

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.