Brinker International, Inc. (NYSE:EAT) Receives Consensus Rating of "Hold" from Analysts

Shares of Brinker International, Inc. (NYSE:EAT - Get Free Report) have been given a consensus rating of "Hold" by the seventeen analysts that are covering the stock, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $143.64.

EAT has been the subject of several research reports. Citigroup decreased their price target on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Barclays decreased their price target on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company decreased their price target on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus raised their target price on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Monday.

Brinker International Price Performance

NYSE EAT opened at $179.91 on Wednesday. The business has a 50 day simple moving average of $158.29 and a 200 day simple moving average of $151.45. Brinker International has a 52-week low of $56.27 and a 52-week high of $192.22. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.23 and a current ratio of 0.28. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 0.51 and a beta of 1.71.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.18. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.38 billion. Brinker International had a net margin of 6.50% and a return on equity of 333.03%. The business's quarterly revenue was up 27.2% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. Analysts anticipate that Brinker International will post 8.3 earnings per share for the current fiscal year.

Insider Activity at Brinker International

In other Brinker International news, Director Joseph Michael Depinto sold 10,000 shares of Brinker International stock in a transaction dated 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 transaction, the director now owns 99,297 shares in the company, valued at $16,916,236.92. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Douglas N. Comings sold 2,350 shares of Brinker International stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $135.91, for a total value of $319,388.50. Following the completion of the transaction, the chief operating officer now directly owns 20,591 shares in the company, valued at approximately $2,798,522.81. This represents a 10.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,127 shares of company stock valued at $2,128,062 over the last quarter. 1.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Horrell Capital Management Inc. grew its stake in Brinker International by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the restaurant operator's stock valued at $3,526,000 after purchasing an additional 76 shares during the period. AdvisorShares Investments LLC grew its stake in Brinker International by 4.4% in the 4th quarter. AdvisorShares Investments LLC now owns 2,131 shares of the restaurant operator's stock valued at $282,000 after purchasing an additional 89 shares during the period. Mackenzie Financial Corp grew its stake in Brinker International by 4.2% in the 1st quarter. Mackenzie Financial Corp now owns 2,933 shares of the restaurant operator's stock valued at $437,000 after purchasing an additional 119 shares during the period. Summit Investment Advisors Inc. grew its stake in Brinker International by 3.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,509 shares of the restaurant operator's stock valued at $596,000 after purchasing an additional 148 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Brinker International by 575.0% in the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 161 shares during the period.

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.

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