Piper Sandler Issues Positive Forecast for Brinker International (NYSE:EAT) Stock Price

Brinker International (NYSE:EAT - Free Report) had its target price boosted by Piper Sandler from $62.00 to $97.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a neutral rating on the restaurant operator's stock.

A number of other analysts also recently commented on EAT. UBS Group boosted their price objective on Brinker International from $70.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. BMO Capital Markets downgraded shares of Brinker International from an "outperform" rating to a "market perform" rating and upped their price target for the company from $80.00 to $105.00 in a report on Thursday. JPMorgan Chase & Co. cut shares of Brinker International from an "overweight" rating to a "neutral" rating and lifted their price objective for the stock from $67.00 to $100.00 in a research note on Thursday. Morgan Stanley raised their target price on shares of Brinker International from $42.00 to $50.00 and gave the stock an "underweight" rating in a report on Tuesday, July 16th. Finally, Stifel Nicolaus increased their price objective on Brinker International from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $86.45.

Brinker International Stock Performance

EAT stock traded up $3.02 on Monday, reaching $107.94. The company's stock had a trading volume of 1,361,786 shares, compared to its average volume of 1,457,082. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.32. Brinker International has a 52 week low of $33.24 and a 52 week high of $108.50. The firm has a fifty day moving average of $81.21 and a two-hundred day moving average of $70.34. The company has a market capitalization of $4.80 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 1.44 and a beta of 2.46.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.26. The firm had revenue of $1.14 billion during 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%. Brinker International's revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, analysts predict that Brinker International will post 5.6 EPS for the current fiscal year.

Insider Activity at Brinker International

In related news, CFO Michaela M. Ware sold 3,753 shares of the firm'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 transaction of $386,634.06. Following the transaction, 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 ownership of the stock. The sale 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.

Institutional Trading of Brinker International

Large investors have recently made changes to their positions in the stock. CWM LLC grew its holdings in 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 purchasing an additional 204 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Brinker International during the 1st quarter worth $25,000. Headlands Technologies LLC bought a new stake in shares of Brinker International during the 1st quarter worth $47,000. Signaturefd LLC grew its stake in 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 last quarter. Finally, Covestor Ltd raised its holdings in Brinker International by 32,500.0% in the 1st quarter. Covestor Ltd now owns 1,304 shares of the restaurant operator's stock worth $65,000 after acquiring an additional 1,300 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.