UBS Group Increases Brinker International (NYSE:EAT) Price Target to $50.00

Brinker International (NYSE:EAT) had its price objective hoisted by UBS Group from $46.00 to $50.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

EAT has been the topic of several other research reports. BMO Capital Markets increased their target price on Brinker International from $52.00 to $55.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. StockNews.com lowered Brinker International from a buy rating to a hold rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. increased their target price on Brinker International from $44.00 to $48.00 and gave the stock an overweight rating in a research note on Tuesday, March 19th. Royal Bank of Canada increased their target price on Brinker International from $43.00 to $46.00 and gave the stock a sector perform rating in a research note on Thursday, February 1st. Finally, Morgan Stanley increased their target price on Brinker International from $36.00 to $39.00 and gave the stock an underweight rating in a research note on Friday, April 12th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $44.81.

Brinker International Trading Up 1.2 %

NYSE EAT opened at $48.87 on Wednesday. The stock has a market cap of $2.16 billion, a PE ratio of 14.33, a P/E/G ratio of 0.78 and a beta of 2.46. Brinker International has a twelve month low of $28.23 and a twelve month high of $51.72. The stock has a fifty day simple moving average of $47.17 and a 200-day simple moving average of $41.54.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%. Research analysts predict that Brinker International will post 3.71 EPS for the current year.

Insider Activity

In related news, CFO Joseph G. Taylor sold 24,163 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $44.97, for a total transaction of $1,086,610.11. Following the transaction, the chief financial officer now owns 56,661 shares in the company, valued at approximately $2,548,045.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. TFO Wealth Partners LLC grew its stake in Brinker International by 64,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock worth $28,000 after buying an additional 648 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Brinker International by 3,611.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock worth $29,000 after buying an additional 650 shares during the last quarter. Signaturefd LLC grew its stake in shares of Brinker International by 68.9% in the 3rd quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 386 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Brinker International in the 3rd quarter valued at approximately $31,000. Finally, Bogart Wealth LLC grew its stake in shares of Brinker International by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 500 shares during the last quarter.

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.