Brinker International (NYSE:EAT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Brinker International (NYSE:EAT - Get Free Report) had its price target boosted by JPMorgan Chase & Co. from $160.00 to $180.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the restaurant operator's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 1.67% from the stock's previous close.

Other research analysts also recently issued research reports about the company. Barclays cut their price target on 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. Stifel Nicolaus upped their price target on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday. Citigroup dropped their price objective 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. Finally, Wells Fargo & Company reduced their target price on Brinker International from $165.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $144.75.

Brinker International Stock Performance

NYSE EAT traded down $2.96 during trading on Wednesday, reaching $177.04. The company's stock had a trading volume of 219,550 shares, compared to its average volume of 1,477,143. The business's fifty day moving average price is $158.29 and its 200-day moving average price is $151.45. Brinker International has a twelve month low of $56.27 and a twelve month 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 firm has a market cap of $7.87 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 0.51 and a beta of 1.71.

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

Insiders Place Their Bets

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 shares were 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. This trade represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Douglas N. Comings sold 2,350 shares of the stock in a transaction 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 $2,798,522.81. This trade represents a 10.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,127 shares of company stock valued at $2,128,062. Insiders own 1.72% of the company's stock.

Institutional Investors Weigh In On Brinker International

Institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new position in shares of Brinker International in the 4th quarter valued at about $206,000. Illinois Municipal Retirement Fund lifted its position in Brinker International by 2.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 24,126 shares of the restaurant operator's stock valued at $3,192,000 after buying an additional 562 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Brinker International during the fourth quarter worth approximately $10,745,000. Cobblestone Capital Advisors LLC NY purchased a new stake in Brinker International during the fourth quarter worth approximately $225,000. Finally, US Bancorp DE increased its position in shares of Brinker International by 5.2% in the fourth quarter. US Bancorp DE now owns 9,132 shares of the restaurant operator's stock worth $1,208,000 after acquiring an additional 450 shares in 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.

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