Brinker International (NYSE:EAT) PT Raised to $100.00

Brinker International (NYSE:EAT - Get Free Report) had its target price boosted by equities researchers at KeyCorp from $72.00 to $100.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the restaurant operator's stock. KeyCorp's target price points to a potential upside of 8.15% from the stock's previous close.

Several other analysts have also weighed in on the stock. Bank of America upgraded shares of Brinker International from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $63.00 to $90.00 in a research note on Thursday, October 10th. UBS Group increased their price objective on shares of Brinker International from $70.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday. Morgan Stanley lifted their target price on Brinker International from $42.00 to $50.00 and gave the company an "underweight" rating in a research note on Tuesday, July 16th. Wedbush reiterated a "neutral" rating and set a $68.00 price target on shares of Brinker International in a research report on Thursday, August 15th. Finally, Stifel Nicolaus raised their price target on Brinker International from $62.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Brinker International presently has a consensus rating of "Hold" and an average target price of $71.74.

Brinker International Stock Up 3.5 %

Shares of EAT stock traded up $3.16 during trading hours on Friday, hitting $92.46. 1,541,118 shares of the company were exchanged, compared to its average volume of 1,447,329. 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 has a market capitalization of $4.11 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 1.35 and a beta of 2.51. Brinker International has a one year low of $31.95 and a one year high of $93.42. The business's 50-day simple moving average is $75.25 and its two-hundred day simple moving average is $66.49.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.04). Brinker International had a negative return on equity of 274.62% and a net margin of 3.52%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business posted $1.39 EPS. Brinker International's revenue was up 12.3% compared to the same quarter last year. Sell-side analysts predict that Brinker International will post 4.66 EPS for the current fiscal year.

Institutional Trading of Brinker International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC increased its stake in shares of Brinker International by 96.2% during the second quarter. CWM LLC now owns 416 shares of the restaurant operator's stock valued at $30,000 after acquiring an additional 204 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Brinker International during the 1st quarter valued at $25,000. Headlands Technologies LLC bought a new stake in shares of Brinker International in the 1st quarter worth $47,000. Signaturefd LLC lifted its holdings in shares of Brinker International by 33.2% in the second 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. Finally, Hollencrest Capital Management bought a new position in Brinker International during the first quarter valued at about $50,000.

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.