Brinker International, Inc. (NYSE:EAT) Receives Average Recommendation of "Hold" from Analysts

Shares of Brinker International, Inc. (NYSE:EAT - Get Free Report) have earned a consensus recommendation of "Hold" from the eighteen analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $86.45.

A number of research firms have weighed in on EAT. Bank Of America (Bofa) raised their price target on Brinker International from $94.00 to $97.00 in a research note on Tuesday, October 29th. KeyCorp upped their price objective on shares of Brinker International from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Morgan Stanley raised their price objective on Brinker International from $42.00 to $50.00 and gave the stock an "underweight" rating in a report on Tuesday, July 16th. Piper Sandler lifted their price objective on Brinker International from $62.00 to $97.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Finally, Raymond James cut Brinker International from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 17th.

Insider Activity

In related news, CFO Michaela M. Ware sold 3,753 shares of Brinker International stock in a transaction dated Thursday, October 31st. The stock was 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 owns 23,071 shares of the company's stock, valued at approximately $2,376,774.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.72% of the company's stock.

Institutional Trading of Brinker International

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Brinker International by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator's stock worth $275,004,000 after acquiring an additional 135,580 shares in the last quarter. Boston Partners increased its holdings in Brinker International by 231.8% during the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator's stock valued at $78,602,000 after acquiring an additional 1,106,046 shares in the last quarter. Marshall Wace LLP grew its stake in Brinker International by 13,850.1% in the second quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator's stock worth $76,546,000 after purchasing an additional 1,049,836 shares in the last quarter. Millennium Management LLC increased its stake 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. Finally, Renaissance Technologies LLC raised its holdings in shares of Brinker International by 15.9% in the 2nd quarter. Renaissance Technologies LLC now owns 295,700 shares of the restaurant operator's stock worth $21,406,000 after buying an additional 40,500 shares in the last quarter.

Brinker International Price Performance

Shares of NYSE EAT traded up $1.39 during midday trading on Tuesday, hitting $119.00. 1,119,115 shares of the company's stock were exchanged, compared to its average volume of 1,455,600. The business's fifty day moving average price is $86.24 and its two-hundred day moving average price is $73.13. Brinker International has a 12-month low of $33.62 and a 12-month high of $120.49. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 1.27 and a beta of 2.46. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly 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 for 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%. The firm's revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. As a group, research analysts forecast that Brinker International will post 5.53 EPS for the current fiscal year.

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.