Stifel Nicolaus Issues Positive Forecast for Brinker International (NYSE:EAT) Stock Price

Brinker International (NYSE:EAT - Get Free Report) had its target price boosted by analysts at Stifel Nicolaus from $200.00 to $215.00 in a report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the restaurant operator's stock. Stifel Nicolaus' price target indicates a potential upside of 21.93% from the stock's current price.

A number of other analysts have also recently commented on EAT. Barclays cut their price target on shares of Brinker International from $165.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company dropped their price objective on Brinker International from $165.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup decreased their target price on Brinker International from $185.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $143.64.

Brinker International Trading Down 1.3%

Shares of EAT stock traded down $2.32 on Monday, hitting $176.33. The company had a trading volume of 534,217 shares, compared to its average volume of 1,479,867. Brinker International has a twelve month low of $56.27 and a twelve month high of $192.22. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.23 and a current ratio of 0.28. The firm has a market cap of $7.84 billion, a P/E ratio of 24.27, a P/E/G ratio of 0.51 and a beta of 1.71. The stock's 50-day moving average is $157.09 and its two-hundred day moving average is $150.91.

Brinker International (NYSE:EAT - Get Free Report) last released its earnings results on Tuesday, April 29th. The restaurant operator reported $2.66 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.18. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.38 billion. Brinker International had a net margin of 6.50% and a return on equity of 333.03%. The company's revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. On average, equities research analysts anticipate that Brinker International will post 8.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Joseph Michael Depinto sold 10,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the completion of the sale, the director now owns 99,297 shares in the company, valued at approximately $16,916,236.92. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ramona Hood sold 777 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $135.23, for a total value of $105,073.71. Following the completion of the sale, the director now owns 8,568 shares in the company, valued at approximately $1,158,650.64. The trade was a 8.31% 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 worth $2,128,062 in the last ninety days. Corporate insiders own 1.72% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its holdings in Brinker International by 575.0% during the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 161 shares during the period. Coppell Advisory Solutions LLC purchased a new position in shares of Brinker International during the fourth quarter valued at approximately $26,000. Financial Management Professionals Inc. bought a new stake in shares of Brinker International in the 1st quarter worth approximately $30,000. National Bank of Canada FI grew its stake in shares of Brinker International by 227.3% in the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock worth $38,000 after buying an additional 175 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in Brinker International by 1,714.3% during the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after buying an additional 240 shares in the last quarter.

About Brinker International

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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