Brinker International, Inc. (NYSE:EAT - Get Free Report)'s share price fell 3.3% during trading on Thursday . The stock traded as low as $48.10 and last traded at $48.50. 421,169 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 1,258,417 shares. The stock had previously closed at $50.16.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on EAT. Stifel Nicolaus raised their target price on Brinker International from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, January 4th. Royal Bank of Canada raised their target price on Brinker International from $43.00 to $46.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 1st. BMO Capital Markets raised their target price on Brinker International from $52.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. Gordon Haskett raised Brinker International from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research report on Tuesday, January 16th. Finally, StockNews.com cut Brinker International from a "buy" rating to a "hold" rating in a research report on Thursday, February 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $42.38.
Check Out Our Latest Stock Report on Brinker International
Brinker International Price Performance
The company has a fifty day simple moving average of $46.14 and a two-hundred day simple moving average of $39.71. The company has a market capitalization of $2.08 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 0.81 and a beta of 2.46.
Brinker International (NYSE:EAT - Get Free Report) last posted its earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Equities analysts anticipate that Brinker International, Inc. will post 3.7 earnings per share for the current year.
Insider Transactions at Brinker International
In other news, CFO Joseph G. Taylor sold 24,163 shares of Brinker International stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $44.97, for a total value of $1,086,610.11. Following the transaction, the chief financial officer now directly owns 56,661 shares in the company, valued at $2,548,045.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Brinker International
A number of institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in Brinker International by 1.3% during the fourth quarter. Victory Capital Management Inc. now owns 17,318 shares of the restaurant operator's stock valued at $748,000 after purchasing an additional 230 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Brinker International by 12.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,070 shares of the restaurant operator's stock valued at $89,000 after purchasing an additional 235 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Brinker International by 3.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 8,661 shares of the restaurant operator's stock worth $374,000 after acquiring an additional 261 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Brinker International by 10.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,659 shares of the restaurant operator's stock worth $116,000 after acquiring an additional 354 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Brinker International by 68.9% in the 3rd quarter. Signaturefd LLC now owns 946 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 386 shares in the last quarter.
About Brinker International
(
Get Free Report)
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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