Brinker International, Inc. (NYSE:EAT) Receives $143.64 Average PT from Brokerages

Brinker International, Inc. (NYSE:EAT - Get Free Report) has earned a consensus recommendation of "Hold" from the seventeen brokerages that are presently covering the company, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $144.75.

EAT has been the topic of a number of analyst reports. Stifel Nicolaus upped their price objective on Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company reduced their target price on shares of Brinker International from $165.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Barclays reduced their target price on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Citigroup dropped their target price on shares of Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th.

Insider Buying and Selling

In other Brinker International news, Director Ramona Hood sold 777 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total transaction of $105,073.71. Following the transaction, the director now owns 8,568 shares of the company's stock, valued at approximately $1,158,650.64. The trade was a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph Michael Depinto sold 10,000 shares of the stock in a transaction 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 transaction, the director now owns 99,297 shares of the company's stock, valued at approximately $16,916,236.92. This represents a 9.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,127 shares of company stock valued at $2,128,062 in the last 90 days. Company insiders own 1.72% of the company's stock.

Institutional Investors Weigh In On Brinker International

Several institutional investors have recently modified their holdings of EAT. Voya Investment Management LLC boosted its holdings in Brinker International by 13.4% during the first quarter. Voya Investment Management LLC now owns 16,513 shares of the restaurant operator's stock worth $2,461,000 after buying an additional 1,956 shares in the last quarter. Invst LLC acquired a new position in Brinker International during the 1st quarter worth $541,000. Strs Ohio acquired a new position in Brinker International during the 1st quarter valued at about $701,000. Acadian Asset Management LLC acquired a new stake in shares of Brinker International in the 1st quarter worth approximately $1,576,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Brinker International in the 1st quarter worth approximately $76,000.

Brinker International Stock Down 1.1%

Brinker International stock traded down $2.00 during midday trading on Wednesday, reaching $179.78. The stock had a trading volume of 1,899,529 shares, compared to its average volume of 1,485,142. The firm's fifty day simple moving average is $159.90 and its 200-day simple moving average is $152.55. Brinker International has a 1-year low of $56.27 and a 1-year high of $192.22. The stock has a market capitalization of $7.99 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 0.51 and a beta of 1.71. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.23 and a current ratio of 0.28.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.18. Brinker International had a return on equity of 333.03% and a net margin of 6.50%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm earned $1.24 EPS. Brinker International's revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, analysts expect that Brinker International will post 8.3 EPS for the current fiscal year.

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.