Brinker International’s (NYSE:EAT) “Hold” Rating Reaffirmed at Canaccord Genuity

Brinker International (NYSE:EAT)‘s stock had its “hold” rating reissued by equities research analysts at Canaccord Genuity in a research report issued on Thursday, December 21st. They currently have a $40.00 target price on the restaurant operator’s stock. Canaccord Genuity’s price target would indicate a potential upside of 5.32% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. BMO Capital Markets restated a “hold” rating on shares of Brinker International in a report on Monday, November 6th. Maxim Group reiterated a “buy” rating and issued a $49.00 target price on shares of Brinker International in a research report on Thursday, November 2nd. Barclays dropped their target price on Brinker International from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Zacks Investment Research lowered Brinker International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Stephens dropped their target price on Brinker International from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $41.08.

Shares of Brinker International (EAT) opened at $37.98 on Thursday. The stock has a market cap of $1,760.00, a price-to-earnings ratio of 13.71, a PEG ratio of 0.84 and a beta of 0.24. Brinker International has a one year low of $29.50 and a one year high of $48.02. The company has a debt-to-equity ratio of -2.51, a quick ratio of 0.28 and a current ratio of 0.34.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, November 1st. The restaurant operator reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). The firm had revenue of $739.40 million during the quarter, compared to the consensus estimate of $749.05 million. Brinker International had a negative return on equity of 30.36% and a net margin of 4.39%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. sell-side analysts predict that Brinker International will post 3.32 EPS for the current fiscal year.

In related news, insider Wyman Roberts sold 33,683 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $37.88, for a total value of $1,275,912.04. Following the completion of the transaction, the insider now directly owns 137,572 shares of the company’s stock, valued at approximately $5,211,227.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Charles A. Lousignont sold 3,364 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $33.00, for a total value of $111,012.00. Following the completion of the sale, the senior vice president now directly owns 15,074 shares of the company’s stock, valued at $497,442. The disclosure for this sale can be found here. Company insiders own 1.91% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of EAT. Schwab Charles Investment Management Inc. increased its stake in shares of Brinker International by 40.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 308,229 shares of the restaurant operator’s stock worth $11,744,000 after acquiring an additional 89,023 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Brinker International by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 20,600 shares of the restaurant operator’s stock worth $785,000 after acquiring an additional 300 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Brinker International by 20.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 38,294 shares of the restaurant operator’s stock worth $1,459,000 after acquiring an additional 6,544 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Brinker International by 20.3% in the 2nd quarter. SG Americas Securities LLC now owns 39,235 shares of the restaurant operator’s stock worth $1,495,000 after acquiring an additional 6,612 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Brinker International by 35.5% in the 2nd quarter. Legal & General Group Plc now owns 60,081 shares of the restaurant operator’s stock worth $2,292,000 after acquiring an additional 15,753 shares during the last quarter.

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About Brinker International

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

Analyst Recommendations for Brinker International (NYSE:EAT)

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