Brinker International (NYSE:EAT) Hits New 1-Year High at $57.15

Brinker International, Inc. (NYSE:EAT - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $57.15 and last traded at $57.09, with a volume of 248686 shares. The stock had previously closed at $54.98.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EAT. Royal Bank of Canada lifted their price objective on Brinker International from $43.00 to $46.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 1st. Evercore ISI lifted their price objective on Brinker International from $50.00 to $53.00 and gave the stock an "in-line" rating in a research note on Wednesday, May 1st. Morgan Stanley boosted their price target on Brinker International from $36.00 to $39.00 and gave the company an "underweight" rating in a research note on Friday, April 12th. BMO Capital Markets boosted their price target on Brinker International from $55.00 to $65.00 and gave the company an "outperform" rating in a research note on Wednesday, May 1st. Finally, Gordon Haskett upgraded Brinker International from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research note on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $46.06.

Brinker International Stock Performance

The stock's 50-day moving average is $47.99 and its 200 day moving average is $42.45. The firm has a market cap of $2.56 billion, a P/E ratio of 17.07, a PEG ratio of 0.73 and a beta of 2.42.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 EPS. On average, research analysts anticipate that Brinker International, Inc. will post 3.98 EPS for the current year.

Hedge Funds Weigh In On Brinker International

Large investors have recently modified their holdings of the business. TFO Wealth Partners LLC boosted its stake in shares of Brinker International by 64,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator's stock worth $28,000 after buying an additional 648 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Brinker International by 3,611.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 650 shares during the period. Signaturefd LLC increased its holdings in shares of Brinker International by 68.9% during the third quarter. Signaturefd LLC now owns 946 shares of the restaurant operator's stock worth $30,000 after purchasing an additional 386 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Brinker International during the third quarter worth approximately $31,000. Finally, Bogart Wealth LLC increased its holdings in shares of Brinker International by 100.0% during the third quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator's stock worth $32,000 after purchasing an additional 500 shares during the period.

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.