Brinker International (NYSE:EAT) Reaches New 1-Year High at $53.27

Brinker International, Inc. (NYSE:EAT)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $53.27 and last traded at $52.92, with a volume of 805537 shares changing hands. The stock had previously closed at $49.66.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. 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 report on Tuesday, March 19th. BMO Capital Markets raised their target price on shares of Brinker International from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Raymond James increased their price target on shares of Brinker International from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Evercore ISI lifted their price objective on Brinker International from $48.00 to $50.00 and gave the company an “in-line” rating in a research note on Thursday, April 18th. Finally, Royal Bank of Canada increased their target price 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, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.81.

Brinker International Stock Up 8.7 %

The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.79 and a beta of 2.46. The company has a 50 day simple moving average of $47.27 and a 200-day simple moving average of $41.82.

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

Insider Buying and Selling at Brinker International

In related news, CFO Joseph G. Taylor sold 24,163 shares of the stock in a transaction dated Friday, February 2nd. The shares were 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 owns 56,661 shares of the company’s stock, valued at approximately $2,548,045.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Brinker International

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its position in shares of Brinker International by 0.8% during the 3rd quarter. FMR LLC now owns 6,694,269 shares of the restaurant operator’s stock valued at $211,472,000 after acquiring an additional 54,628 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Brinker International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,399,920 shares of the restaurant operator’s stock valued at $233,169,000 after purchasing an additional 30,861 shares during the period. Cooper Creek Partners Management LLC acquired a new position in shares of Brinker International in the 3rd quarter valued at $57,246,000. Franklin Resources Inc. increased its stake in Brinker International by 24.6% in the 4th quarter. Franklin Resources Inc. now owns 1,503,198 shares of the restaurant operator’s stock worth $64,908,000 after purchasing an additional 296,785 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Brinker International by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 936,283 shares of the restaurant operator’s stock worth $40,430,000 after buying an additional 4,294 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.