UBS Group Boosts Brinker International (NYSE:EAT) Price Target to $50.00

Brinker International (NYSE:EAT) had its price target hoisted by UBS Group from $46.00 to $50.00 in a research note issued to investors on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the restaurant operator’s stock.

Other equities analysts have also recently issued research reports about the company. Evercore ISI lifted their price target on Brinker International from $48.00 to $50.00 and gave the stock an in-line rating in a report on Thursday, April 18th. Stifel Nicolaus upped their price objective on Brinker International from $50.00 to $55.00 and gave the company a buy rating in a report on Thursday, April 11th. Raymond James boosted their target price on shares of Brinker International from $45.00 to $50.00 and gave the company a strong-buy rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. increased their target price on shares of Brinker International from $44.00 to $48.00 and gave the stock an overweight rating in a research report on Tuesday, March 19th. Finally, Barclays raised their price objective on Brinker International from $36.00 to $39.00 and gave the stock an equal weight rating in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $44.19.

Brinker International Trading Down 0.8 %

EAT stock opened at $47.61 on Wednesday. Brinker International has a 1-year low of $28.23 and a 1-year high of $51.72. The firm has a market cap of $2.11 billion, a PE ratio of 13.96, a P/E/G ratio of 0.78 and a beta of 2.46. The business’s 50-day moving average price is $47.02 and its two-hundred day moving average price is $41.36.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. Brinker International had a net margin of 3.63% and a negative return on equity of 113.41%. On average, analysts forecast that Brinker International will post 3.71 earnings per share for the current year.

Insider Activity at Brinker International

In related news, CFO Joseph G. Taylor sold 24,163 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $44.97, for a total transaction of $1,086,610.11. Following the completion of the sale, the chief financial officer now directly owns 56,661 shares of the company’s stock, valued at $2,548,045.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. grew its holdings in Brinker International by 1.3% during the fourth quarter. Victory Capital Management Inc. now owns 17,318 shares of the restaurant operator’s stock valued at $748,000 after purchasing an additional 230 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Brinker International by 12.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,070 shares of the restaurant operator’s stock worth $89,000 after acquiring an additional 235 shares during the period. Signaturefd LLC increased its holdings in Brinker International by 68.9% in the 3rd quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 386 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Brinker International by 3.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,408 shares of the restaurant operator’s stock valued at $424,000 after acquiring an additional 487 shares during the period. Finally, Bogart Wealth LLC lifted its holdings in Brinker International by 100.0% during the third quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 500 shares during the last quarter.

About Brinker International

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.