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

Brinker International, Inc. (NYSE:EAT) has been assigned a consensus recommendation of “Buy” from the twenty-one research firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $70.00.

A number of equities analysts recently weighed in on EAT shares. Telsey Advisory Group boosted their price objective on Brinker International from $65.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, April 29th. Stephens cut their price target on shares of Brinker International from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday. Morgan Stanley upped their price target on shares of Brinker International from $68.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, April 29th. Evercore ISI lifted their price objective on shares of Brinker International from $66.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 31st. Finally, Piper Sandler increased their target price on Brinker International from $70.00 to $76.00 and gave the company an “overweight” rating in a report on Friday, February 12th.

In other Brinker International news, CEO Wyman Roberts sold 174,326 shares of the business’s stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $68.69, for a total value of $11,974,452.94. Following the completion of the sale, the chief executive officer now owns 427,258 shares of the company’s stock, valued at $29,348,352.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Douglas N. Comings sold 1,529 shares of the company’s stock in a transaction dated Tuesday, May 11th. The stock was sold at an average price of $63.48, for a total value of $97,060.92. Following the sale, the chief operating officer now owns 22,451 shares of the company’s stock, valued at approximately $1,425,189.48. The disclosure for this sale can be found here. In the last three months, insiders sold 308,129 shares of company stock valued at $21,152,412. 3.72% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd bought a new stake in Brinker International during the first quarter worth approximately $30,000. Valeo Financial Advisors LLC bought a new stake in shares of Brinker International during the 1st quarter worth $36,000. FORA Capital LLC boosted its holdings in shares of Brinker International by 138.2% during the 1st quarter. FORA Capital LLC now owns 1,003 shares of the restaurant operator’s stock worth $71,000 after buying an additional 582 shares during the period. Veriti Management LLC acquired a new position in Brinker International in the 4th quarter valued at $114,000. Finally, Convergence Investment Partners LLC bought a new position in Brinker International in the 1st quarter worth $164,000. Hedge funds and other institutional investors own 99.07% of the company’s stock.

Brinker International stock traded down $0.19 during mid-day trading on Friday, hitting $60.70. The company’s stock had a trading volume of 5,237 shares, compared to its average volume of 1,050,471. The firm has a market capitalization of $2.78 billion, a PE ratio of 3,074.04, a P/E/G ratio of 1.94 and a beta of 2.80. Brinker International has a twelve month low of $20.72 and a twelve month high of $78.33. The firm’s fifty day simple moving average is $64.51.

Brinker International (NYSE:EAT) last issued its earnings results on Tuesday, April 27th. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. The business had revenue of $828.40 million for the quarter, compared to analysts’ expectations of $837.55 million. Brinker International had a negative return on equity of 6.66% and a net margin of 0.26%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 EPS. As a group, equities analysts anticipate that Brinker International will post 3.11 EPS for the current year.

About Brinker International

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 24, 2020, it owned, operated, or franchised 1,663 restaurants comprising 1,610 restaurants under the Chili's Grill & Bar name and 53 restaurants under the Maggiano's Little Italy brand name.

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Analyst Recommendations for Brinker International (NYSE:EAT)

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