Brinker International (NYSE:EAT) Price Target Raised to $165.00 at Wells Fargo & Company

Brinker International (NYSE:EAT - Free Report) had its target price hoisted by Wells Fargo & Company from $150.00 to $165.00 in a research report released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the restaurant operator's stock.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Morgan Stanley raised their target price on Brinker International from $144.00 to $149.00 and gave the stock an "equal weight" rating in a research note on Monday. Barclays raised their target price on Brinker International from $155.00 to $166.00 and gave the stock an "equal weight" rating in a research note on Thursday. Stifel Nicolaus raised their target price on Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Citigroup cut their target price on Brinker International from $185.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Brinker International currently has an average rating of "Hold" and a consensus target price of $156.41.

Brinker International Trading Down 2.2%

Shares of EAT traded down $3.63 during trading hours on Thursday, hitting $161.50. The company had a trading volume of 1,528,159 shares, compared to its average volume of 1,459,213. The firm has a market cap of $7.18 billion, a P/E ratio of 22.28, a P/E/G ratio of 0.43 and a beta of 1.70. The stock's 50 day moving average price is $168.00 and its 200 day moving average price is $156.30. The company has a quick ratio of 0.23, a current ratio of 0.28 and a debt-to-equity ratio of 2.00. Brinker International has a 52-week low of $56.27 and a 52-week high of $192.22.

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 the consensus estimate 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 return on equity of 333.03% and a net margin of 6.50%. The company's quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 earnings per share. On average, research analysts predict that Brinker International will post 8.3 EPS for the current year.

Insider Transactions at Brinker International

In other news, Director Ramona Hood sold 777 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $135.23, for a total value of $105,073.71. Following the sale, the director directly owned 8,568 shares of the company's stock, valued at $1,158,650.64. The trade was a 8.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Douglas N. Comings sold 2,350 shares of the business's 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 sale, the chief operating officer directly owned 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 have sold a total of 13,127 shares of company stock valued at $2,128,062 in the last ninety days. 1.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Brinker International

A number of hedge funds have recently made changes to their positions in EAT. Coppell Advisory Solutions LLC purchased a new position in Brinker International in the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC raised its holdings in Brinker International by 575.0% in the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 161 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in Brinker International in the 1st quarter worth approximately $30,000. AdvisorNet Financial Inc purchased a new position in Brinker International in the 2nd quarter worth approximately $33,000. Finally, Continuum Advisory LLC raised its holdings in Brinker International by 1,714.3% in the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 240 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.