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

Brinker International (NYSE:EAT) had its price objective hoisted by stock analysts at Citigroup from $166.00 to $185.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price points to a potential upside of 1.44% from the stock’s current price.

A number of other analysts have also weighed in on EAT. Morgan Stanley upgraded shares of Brinker International from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $70.00 to $115.00 in a research note on Friday, December 20th. Bank of America increased their price objective on shares of Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Piper Sandler boosted their target price on shares of Brinker International from $62.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wells Fargo & Company raised their price target on Brinker International from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Finally, Wedbush upped their price objective on Brinker International from $140.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $133.98.

Brinker International Stock Up 1.4 %

EAT traded up $2.58 during trading hours on Thursday, hitting $182.37. 1,850,728 shares of the company’s stock were exchanged, compared to its average volume of 1,284,488. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. Brinker International has a 12-month low of $40.50 and a 12-month high of $184.19. The firm has a market cap of $8.10 billion, a P/E ratio of 44.48, a price-to-earnings-growth ratio of 1.56 and a beta of 2.52. The firm has a 50 day moving average of $136.99 and a 200 day moving average of $100.66.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $1.43. Brinker International had a negative return on equity of 839.19% and a net margin of 4.11%. Analysts predict that Brinker International will post 5.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EAT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Brinker International in the 4th quarter worth $434,000. MADDEN SECURITIES Corp purchased a new position in shares of Brinker International during the 4th quarter worth approximately $265,000. Savant Capital LLC lifted its holdings in shares of Brinker International by 4.7% in the 4th quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator’s stock valued at $433,000 after buying an additional 147 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of Brinker International by 20.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,248 shares of the restaurant operator’s stock valued at $562,000 after buying an additional 730 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in Brinker International during the fourth quarter worth $661,000.

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.