Brinker International, Inc. (NYSE:EAT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Brinker International, Inc. (NYSE:EAT) have earned a consensus rating of “Moderate Buy” from the twenty-two research firms that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $193.25.

Several equities research analysts recently weighed in on the company. Barclays increased their price target on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. KeyCorp lifted their target price on shares of Brinker International from $177.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Stephens initiated coverage on shares of Brinker International in a report on Friday, July 17th. They set an “overweight” rating and a $220.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective on Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, July 16th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in Brinker International by 33.5% in the second quarter. GAMMA Investing LLC now owns 1,079 shares of the restaurant operator’s stock valued at $181,000 after acquiring an additional 271 shares during the period. Moody National Bank Trust Division acquired a new stake in shares of Brinker International in the second quarter valued at about $222,000. CoreCap Advisors LLC lifted its stake in shares of Brinker International by 33,000.0% in the second quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 330 shares during the period. Howard Financial Services LTD. purchased a new stake in Brinker International during the second quarter worth about $212,000. Finally, Bank of America Corp DE boosted its holdings in Brinker International by 37.7% during the first quarter. Bank of America Corp DE now owns 242,648 shares of the restaurant operator’s stock worth $34,643,000 after buying an additional 66,383 shares in the last quarter.

Brinker International Stock Up 3.8%

EAT opened at $205.68 on Thursday. The business has a 50 day moving average price of $166.10 and a two-hundred day moving average price of $155.34. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. The company has a market cap of $8.82 billion, a PE ratio of 20.16, a P/E/G ratio of 1.18 and a beta of 1.24. Brinker International has a 52 week low of $100.30 and a 52 week high of $208.88.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $2.66 EPS. As a group, research analysts anticipate that Brinker International will post 10.76 EPS for the current year.

About Brinker International

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.