Brinker International (NYSE:EAT) Stock Price Expected to Rise, KeyCorp Analyst Says

Brinker International (NYSE:EAT) had its target price lifted by investment analysts at KeyCorp from $100.00 to $115.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s target price indicates a potential upside of 9.59% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Barclays lifted their price objective on Brinker International from $76.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup lifted their price target on shares of Brinker International from $69.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. 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 note on Thursday. Morgan Stanley raised their price objective on shares of Brinker International from $42.00 to $50.00 and gave the stock an “underweight” rating in a report on Tuesday, July 16th. Finally, Wedbush restated a “neutral” rating and issued a $68.00 target price on shares of Brinker International in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $84.19.

Brinker International Stock Performance

Shares of NYSE:EAT opened at $104.94 on Thursday. The business’s 50-day simple moving average is $81.21 and its 200 day simple moving average is $69.98. The company has a market cap of $4.70 billion, a P/E ratio of 25.60, a PEG ratio of 1.71 and a beta of 2.51. The company has a debt-to-equity ratio of 63.54, a quick ratio of 0.32 and a current ratio of 0.32. Brinker International has a one year low of $33.03 and a one year high of $107.15.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.26. Brinker International had a net margin of 4.11% and a negative return on equity of 839.19%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts forecast that Brinker International will post 4.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Michaela M. Ware sold 3,753 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $103.02, for a total transaction of $386,634.06. Following the completion of the transaction, the chief financial officer now owns 23,071 shares of the company’s stock, valued at approximately $2,376,774.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.72% of the stock is owned by corporate insiders.

Institutional Trading of Brinker International

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Brinker International by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock valued at $275,004,000 after buying an additional 135,580 shares during the last quarter. Boston Partners increased its position in Brinker International by 231.8% in the 1st quarter. Boston Partners now owns 1,583,239 shares of the restaurant operator’s stock valued at $78,602,000 after acquiring an additional 1,106,046 shares during the period. Marshall Wace LLP raised its stake in Brinker International by 13,850.1% during the 2nd quarter. Marshall Wace LLP now owns 1,057,416 shares of the restaurant operator’s stock valued at $76,546,000 after acquiring an additional 1,049,836 shares in the last quarter. Millennium Management LLC grew its stake in shares of Brinker International by 31.7% in the second quarter. Millennium Management LLC now owns 942,510 shares of the restaurant operator’s stock worth $68,228,000 after purchasing an additional 227,047 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Brinker International by 15.9% during the second quarter. Renaissance Technologies LLC now owns 295,700 shares of the restaurant operator’s stock valued at $21,406,000 after purchasing an additional 40,500 shares during the period.

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.