Brinker International (NYSE:EAT) PT Raised to $50.00 at UBS Group

Brinker International (NYSE:EAT - Get Free Report) had its price target raised by research analysts at UBS Group from $46.00 to $50.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the restaurant operator's stock. UBS Group's price objective points to a potential upside of 5.02% from the stock's previous close.

EAT has been the topic of a number of other research reports. Evercore ISI boosted their target price on Brinker International from $48.00 to $50.00 and gave the company an "in-line" rating in a research report on Thursday, April 18th. Gordon Haskett upgraded shares of Brinker International from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research note on Tuesday, January 16th. BMO Capital Markets boosted their price target on shares of Brinker International from $52.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, February 1st. Morgan Stanley boosted their price target on shares of Brinker International from $36.00 to $39.00 and gave the stock an "underweight" rating in a research note on Friday, April 12th. Finally, Jefferies Financial Group boosted their target price on shares of Brinker International from $47.00 to $48.00 and gave the stock a "hold" rating in a research note on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Brinker International presently has a consensus rating of "Hold" and a consensus target price of $44.19.

Brinker International Trading Down 0.8 %

EAT stock traded down $0.39 during mid-day trading on Wednesday, reaching $47.61. The company's stock had a trading volume of 772,594 shares, compared to its average volume of 1,290,582. The stock has a market cap of $2.11 billion, a PE ratio of 13.96, a P/E/G ratio of 0.75 and a beta of 2.46. Brinker International has a fifty-two week low of $28.23 and a fifty-two week high of $51.72. The company's 50 day moving average is $46.95 and its two-hundred day moving average is $41.31.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The restaurant operator reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.05. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Brinker International had a net margin of 3.63% and a negative return on equity of 113.41%. On average, analysts forecast that Brinker International will post 3.71 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Joseph G. Taylor sold 24,163 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $44.97, for a total value of $1,086,610.11. Following the completion of the sale, the chief financial officer now directly owns 56,661 shares of the company's stock, valued at $2,548,045.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EAT. SG Americas Securities LLC purchased a new position in Brinker International during the third quarter worth about $691,000. Raymond James Financial Services Advisors Inc. purchased a new position in Brinker International during the third quarter worth about $296,000. Allspring Global Investments Holdings LLC raised its holdings in Brinker International by 3.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,408 shares of the restaurant operator's stock worth $424,000 after purchasing an additional 487 shares in the last quarter. Bogart Wealth LLC raised its holdings in 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 in the last quarter. Finally, James Investment Research Inc. raised its holdings in Brinker International by 14.3% during the third quarter. James Investment Research Inc. now owns 22,333 shares of the restaurant operator's stock worth $705,000 after purchasing an additional 2,794 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.