Brinker International (NYSE:EAT) Downgraded by Stephens

Brinker International (NYSE:EAT) was downgraded by investment analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued on Friday.

Several other research analysts also recently issued reports on EAT. Telsey Advisory Group raised shares of Brinker International from a “market perform” rating to an “outperform” rating and set a $47.00 price objective on the stock in a research report on Wednesday, June 12th. Maxim Group reissued a “buy” rating and set a $58.00 price objective on shares of Brinker International in a research report on Friday. OTR Global downgraded shares of Brinker International to a “positive” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised shares of Brinker International from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $44.00 to $43.00 in a research report on Monday, July 15th. Finally, Loop Capital lowered their price objective on shares of Brinker International to $42.00 and set a “hold” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $44.33.

Shares of NYSE EAT traded up $1.44 during mid-day trading on Friday, reaching $38.46. The company had a trading volume of 1,419,900 shares, compared to its average volume of 1,202,893. The firm has a 50 day simple moving average of $39.38 and a two-hundred day simple moving average of $41.58. The stock has a market cap of $1.39 billion, a P/E ratio of 9.79, a PEG ratio of 1.11 and a beta of 0.25. Brinker International has a 52-week low of $36.44 and a 52-week high of $53.61.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, August 13th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Brinker International had a net margin of 4.81% and a negative return on equity of 18.81%. The company had revenue of $834.10 million for the quarter, compared to the consensus estimate of $834.69 million. During the same period last year, the firm posted $1.19 EPS. Brinker International’s revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts predict that Brinker International will post 4.13 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of EAT. Royal Bank of Canada raised its position in Brinker International by 8.7% during the second quarter. Royal Bank of Canada now owns 102,103 shares of the restaurant operator’s stock worth $4,018,000 after acquiring an additional 8,134 shares during the last quarter. UBS Group AG raised its position in Brinker International by 91.2% during the second quarter. UBS Group AG now owns 181,732 shares of the restaurant operator’s stock worth $7,151,000 after acquiring an additional 86,675 shares during the last quarter. Factorial Partners LLC raised its position in Brinker International by 135.1% during the second quarter. Factorial Partners LLC now owns 17,400 shares of the restaurant operator’s stock worth $685,000 after acquiring an additional 10,000 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Brinker International during the second quarter worth about $9,718,000. Finally, UBS Asset Management Americas Inc. raised its position in Brinker International by 6.6% during the second quarter. UBS Asset Management Americas Inc. now owns 58,938 shares of the restaurant operator’s stock worth $2,319,000 after acquiring an additional 3,641 shares during the last quarter.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.

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Analyst Recommendations for Brinker International (NYSE:EAT)

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