Brinker International (NYSE:EAT) Price Target Raised to $97.00 at Bank Of America (Bofa)

Brinker International (NYSE:EAT - Get Free Report) had its target price raised by equities research analysts at Bank Of America (Bofa) from $94.00 to $97.00 in a report issued on Tuesday. Bank Of America (Bofa)'s price target would indicate a potential downside of 0.14% from the stock's previous close.

A number of other equities research analysts also recently weighed in on EAT. Citigroup lifted their target price on Brinker International from $69.00 to $83.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. Morgan Stanley lifted their target price on Brinker International from $42.00 to $50.00 and gave the stock an "underweight" rating in a report on Tuesday, July 16th. BMO Capital Markets lowered their target price on Brinker International from $85.00 to $80.00 and set an "outperform" rating for the company in a report on Thursday, August 15th. UBS Group lifted their target price on Brinker International from $70.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Finally, Raymond James downgraded Brinker International from an "outperform" rating to a "market perform" rating in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $75.86.

Brinker International Trading Down 0.6 %

Shares of EAT traded down $0.59 during mid-day trading on Tuesday, reaching $97.14. 2,753,963 shares of the company were exchanged, compared to its average volume of 1,443,793. Brinker International has a 52 week low of $32.29 and a 52 week high of $98.87. 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 $4.32 billion, a PE ratio of 28.82, a PEG ratio of 1.35 and a beta of 2.51. The business has a 50 day simple moving average of $79.16 and a two-hundred day simple moving average of $69.09.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business earned $1.39 earnings per share. Brinker International's revenue was up 12.3% compared to the same quarter last year. On average, analysts predict that Brinker International will post 4.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new stake in Brinker International during the third quarter worth $2,273,000. US Bancorp DE lifted its holdings in Brinker International by 494.7% during the third quarter. US Bancorp DE now owns 8,682 shares of the restaurant operator's stock worth $664,000 after acquiring an additional 7,222 shares during the period. Highview Capital Management LLC DE lifted its holdings in Brinker International by 5.9% during the third quarter. Highview Capital Management LLC DE now owns 13,339 shares of the restaurant operator's stock worth $1,021,000 after acquiring an additional 744 shares during the period. Smith Group Asset Management LLC lifted its holdings in Brinker International by 24.5% during the third quarter. Smith Group Asset Management LLC now owns 11,594 shares of the restaurant operator's stock worth $887,000 after acquiring an additional 2,283 shares during the period. Finally, NorthCrest Asset Manangement LLC lifted its holdings in Brinker International by 1.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 12,015 shares of the restaurant operator's stock worth $920,000 after acquiring an additional 135 shares during the period.

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.