Brinker International (NYSE:EAT) Price Target Raised to $170.00

Brinker International (NYSE:EAT) had its target price boosted by Stifel Nicolaus from $155.00 to $170.00 in a research report released on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the restaurant operator’s stock.

Several other research analysts have also issued reports on the stock. Piper Sandler raised their target price on shares of Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Morgan Stanley raised shares of Brinker International from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $70.00 to $115.00 in a report on Friday, December 20th. Bank of America increased their price target on Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. KeyCorp cut Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 price objective for the company. in a research note on Friday, January 24th. Finally, Evercore ISI upped their price target on Brinker International from $69.00 to $90.00 and gave the company an “in-line” rating in a research note on Tuesday, October 15th. Sixteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Brinker International currently has an average rating of “Hold” and an average price target of $111.29.

Brinker International Price Performance

EAT opened at $179.59 on Monday. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26. The company’s 50 day simple moving average is $136.99 and its 200-day simple moving average is $100.66. Brinker International has a one year low of $40.12 and a one year high of $181.09. The stock has a market capitalization of $7.98 billion, a P/E ratio of 43.80, a price-to-earnings-growth ratio of 1.56 and a beta of 2.52.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 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%. Sell-side analysts anticipate that Brinker International will post 5.96 earnings per share for the current fiscal year.

Institutional Trading of Brinker International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in Brinker International by 0.8% during the third quarter. Geode Capital Management LLC now owns 998,278 shares of the restaurant operator’s stock worth $76,413,000 after acquiring an additional 8,105 shares during the last quarter. Millennium Management LLC lifted its holdings in Brinker International by 31.7% during the 2nd 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 during the last quarter. Fisher Asset Management LLC boosted its stake in Brinker International by 4.3% in the 3rd quarter. Fisher Asset Management LLC now owns 691,230 shares of the restaurant operator’s stock valued at $52,900,000 after purchasing an additional 28,373 shares during the period. Hennessy Advisors Inc. acquired a new position in Brinker International in the 4th quarter valued at $81,888,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Brinker International by 55.1% during the third quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator’s stock worth $47,351,000 after buying an additional 219,836 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.