Brinker International (NYSE:EAT) Given New $165.00 Price Target at UBS Group

Key Points

• Brinker International's price target has been increased by UBS Group from $155.00 to $165.00, indicating a potential upside of 5.02% from the company's previous close.
• Thirteen analysts currently rate the stock as a "hold" while five have issued a "buy" rating, reflecting varying levels of confidence in the company's performance.
• Brinker International reported a quarterly EPS of $2.49, beating analysts' estimates by $0.02, with revenue up 21.0% year-over-year.

Brinker International (NYSE:EAT - Get Free Report) had its target price increased by equities researchers at UBS Group from $155.00 to $165.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the restaurant operator's stock. UBS Group's target price indicates a potential upside of 5.02% from the company's previous close.

A number of other analysts have also issued reports on EAT. Bank of America increased their price target on shares of Brinker International from $185.00 to $186.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. BMO Capital Markets increased their price target on shares of Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Stifel Nicolaus increased their price target on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Barclays increased their price target on shares of Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $166.29.

Brinker International Price Performance

NYSE EAT traded down $0.26 on Thursday, reaching $157.12. The company's stock had a trading volume of 192,853 shares, compared to its average volume of 1,490,710. Brinker International has a twelve month low of $65.26 and a twelve month high of $192.21. 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 $6.98 billion, a PE ratio of 21.52, a PEG ratio of 0.37 and a beta of 1.68. The firm's 50 day moving average is $168.48 and its two-hundred day moving average is $158.35.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.02. Brinker International had a net margin of 6.50% and a return on equity of 333.03%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm earned $1.61 earnings per share. The business's quarterly revenue was up 21.0% on a year-over-year basis. As a group, sell-side analysts predict that Brinker International will post 8.3 EPS for the current year.

Insider Activity

In other Brinker International news, Director Joseph Michael Depinto sold 10,000 shares of Brinker International stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the completion of the transaction, the director directly owned 99,297 shares of the company's stock, valued at approximately $16,916,236.92. This trade represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.72% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC bought a new stake in Brinker International during the 1st quarter worth about $206,000. Range Financial Group LLC acquired a new position in shares of Brinker International during the 1st quarter worth about $1,036,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Brinker International during the 1st quarter worth about $492,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Brinker International during the 1st quarter worth about $565,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Brinker International during the 4th quarter worth about $1,336,000.

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.

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