Brokerages Set Brinker International, Inc. (NYSE:EAT) PT at $156.41

Key Points

• Brinker International has received a consensus recommendation of "Hold" from analysts, with 13 hold ratings and 4 buy ratings from the 17 brokerages covering the stock.
• The company reported earnings of $2.49 per share for the last quarter, exceeding analysts' expectations of $2.47, alongside a revenue increase of 21.0% year-over-year.
• Brinker International's current market capitalization stands at $7.01 billion, and it has seen significant movements in institutional investments, with notable increases from firms like Wells Fargo and Barclays.

Shares of Brinker International, Inc. (NYSE:EAT - Get Free Report) have been given an average rating of "Hold" by the seventeen brokerages that are currently covering the company, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $171.4118.

Several research analysts recently commented on EAT shares. UBS Group raised their target price on Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday. Bank of America raised their target price on Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday. Morgan Stanley raised their target price on Brinker International from $149.00 to $161.00 and gave the company an "equal weight" rating in a research note on Thursday. Barclays lifted their price objective on Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Wall Street Zen lowered Brinker International from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

Brinker International Stock Performance

EAT stock traded down $0.04 during midday trading on Thursday, hitting $158.04. The stock had a trading volume of 1,290,619 shares, compared to its average volume of 1,418,763. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 0.36 and a beta of 1.68. Brinker International has a 52 week low of $65.26 and a 52 week high of $192.21. The stock has a 50-day simple moving average of $167.98 and a 200 day simple moving average of $158.27. The company has a current ratio of 0.31, a quick ratio of 0.23 and a debt-to-equity ratio of 1.15.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping the consensus estimate of $2.47 by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.42 billion. Brinker International had a return on equity of 211.86% and a net margin of 7.12%. Brinker International's quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the business earned $1.61 earnings per share. As a group, equities research analysts anticipate that Brinker International will post 8.3 earnings per share for the current year.

Insider Activity at Brinker International

In other Brinker International news, Director Joseph Michael Depinto sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total value of $1,703,600.00. Following the sale, the director owned 99,297 shares in the company, valued at approximately $16,916,236.92. The trade was a 9.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harriet Edelman sold 8,325 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total value of $1,307,025.00. Following the completion of the sale, the director owned 28,905 shares in the company, valued at $4,538,085. The trade was a 22.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.72% of the company's stock.

Institutional Investors Weigh In On Brinker International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Sector Pension Investment Board raised its stake in shares of Brinker International by 7.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 151,498 shares of the restaurant operator's stock worth $27,320,000 after purchasing an additional 10,694 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Brinker International by 6.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,845 shares of the restaurant operator's stock worth $693,000 after purchasing an additional 230 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Brinker International by 146.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,965 shares of the restaurant operator's stock worth $1,076,000 after purchasing an additional 3,543 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of Brinker International by 481.6% during the 2nd quarter. Rakuten Securities Inc. now owns 599 shares of the restaurant operator's stock worth $108,000 after purchasing an additional 496 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Brinker International by 42.9% during the 2nd quarter. Corient Private Wealth LLC now owns 3,257 shares of the restaurant operator's stock worth $587,000 after acquiring an additional 977 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.