Brinker International (NYSE:EAT) had its target price boosted by stock analysts at Telsey Advisory Group from $65.00 to $85.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the restaurant operator's stock. Telsey Advisory Group's price target would suggest a potential upside of 25.31% from the stock's previous close.
EAT has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft upped their price target on Brinker International from $63.00 to $72.00 and gave the stock a "hold" rating in a research note on Friday, April 9th. JPMorgan Chase & Co. increased their price target on Brinker International from $72.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, April 12th. They noted that the move was a valuation call. Royal Bank of Canada boosted their price objective on shares of Brinker International from $71.00 to $76.00 and gave the stock a "sector perform" rating in a research note on Thursday. They noted that the move was a valuation call. Piper Sandler boosted their price objective on shares of Brinker International from $70.00 to $76.00 and gave the stock an "overweight" rating in a research note on Friday, February 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Brinker International from $65.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 5th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of "Buy" and a consensus price target of $65.90.
Brinker International stock opened at $67.83 on Thursday. The firm has a market cap of $3.08 billion, a PE ratio of 119.00, a P/E/G ratio of 1.08 and a beta of 2.65. The firm's 50 day moving average price is $70.70 and its two-hundred day moving average price is $60.06. Brinker International has a twelve month low of $17.15 and a twelve month high of $78.33.
Brinker International (NYSE:EAT) last announced its quarterly earnings results on Tuesday, April 27th. The restaurant operator reported $0.78 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.77 by $0.01. Brinker International had a net margin of 0.67% and a negative return on equity of 12.26%. The company had revenue of $828.40 million for the quarter, compared to analyst estimates of $837.55 million. During the same quarter in the prior year, the business posted $1.28 EPS. Brinker International's quarterly revenue was down 3.7% on a year-over-year basis. Research analysts expect that Brinker International will post 2.54 EPS for the current fiscal year.
In other news, CEO Wyman Roberts sold 174,326 shares of the company's stock in a transaction dated Tuesday, March 23rd. The shares were sold at an average price of $68.69, for a total value of $11,974,452.94. Following the sale, the chief executive officer now owns 427,258 shares of the company's stock, valued at approximately $29,348,352.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Steve Provost sold 10,000 shares of the company's stock in a transaction dated Tuesday, February 2nd. The stock was sold at an average price of $61.92, for a total transaction of $619,200.00. In the last 90 days, insiders sold 187,870 shares of company stock valued at $12,835,463. Corporate insiders own 3.72% of the company's stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Valeo Financial Advisors LLC bought a new stake in shares of Brinker International in the 1st quarter worth about $36,000. Strs Ohio bought a new stake in shares of Brinker International in the 3rd quarter worth about $34,000. Veriti Management LLC bought a new stake in shares of Brinker International in the 4th quarter worth about $114,000. Meeder Asset Management Inc. grew its holdings in Brinker International by 61.6% during the 1st quarter. Meeder Asset Management Inc. now owns 2,492 shares of the restaurant operator's stock worth $176,000 after acquiring an additional 950 shares during the last quarter. Finally, Level Four Advisory Services LLC bought a new stake in Brinker International during the 4th quarter worth about $201,000. 97.17% of the stock is currently owned by institutional investors and hedge funds.
Brinker International Company Profile
Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 24, 2020, it owned, operated, or franchised 1,663 restaurants comprising 1,610 restaurants under the Chili's Grill & Bar name and 53 restaurants under the Maggiano's Little Italy brand name.
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