Brinker International (NYSE:EAT) PT Raised to $48.00

Brinker International (NYSE:EAT) had its price target lifted by Jefferies Financial Group from $47.00 to $48.00 in a research note published on Tuesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the restaurant operator’s stock.

A number of other analysts also recently weighed in on EAT. Barclays raised their price target on shares of Brinker International from $36.00 to $39.00 and gave the stock an equal weight rating in a research report on Wednesday, January 3rd. StockNews.com downgraded shares of Brinker International from a buy rating to a hold rating in a research report on Thursday, February 1st. Gordon Haskett raised shares of Brinker International from a hold rating to a buy rating and set a $48.00 price target for the company in a research report on Tuesday, January 16th. JPMorgan Chase & Co. raised their price target on shares of Brinker International from $44.00 to $48.00 and gave the stock an overweight rating in a research report on Tuesday, March 19th. Finally, Royal Bank of Canada raised their price target on shares of Brinker International from $43.00 to $46.00 and gave the stock a sector perform rating in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Brinker International currently has a consensus rating of Hold and an average target price of $43.80.

Brinker International Stock Down 0.2 %

Shares of NYSE:EAT opened at $45.23 on Tuesday. Brinker International has a 52-week low of $28.23 and a 52-week high of $51.72. The company has a 50 day moving average of $46.86 and a two-hundred day moving average of $40.92. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.71 and a beta of 2.46.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.05. Brinker International had a net margin of 3.63% and a negative return on equity of 113.41%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. On average, equities analysts anticipate that Brinker International will post 3.71 earnings per share for the current year.

Insider Buying and Selling at Brinker International

In other Brinker International news, CFO Joseph G. Taylor sold 24,163 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $44.97, for a total value of $1,086,610.11. Following the sale, the chief financial officer now directly owns 56,661 shares in the company, valued at $2,548,045.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brinker International

A number of hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in Brinker International by 1.3% in the fourth quarter. Victory Capital Management Inc. now owns 17,318 shares of the restaurant operator’s stock valued at $748,000 after buying an additional 230 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Brinker International by 12.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,070 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 235 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Brinker International by 3.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 8,661 shares of the restaurant operator’s stock valued at $374,000 after purchasing an additional 261 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Brinker International by 10.7% during the third quarter. Advisors Asset Management Inc. now owns 3,659 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 354 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Brinker International by 68.9% during the third quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 386 shares in the last quarter.

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.