Brinker International (NYSE:EAT) Price Target Increased to $53.00 by Analysts at Evercore ISI

Brinker International (NYSE:EAT) had its price target hoisted by Evercore ISI from $50.00 to $53.00 in a report released on Wednesday, Benzinga reports. Evercore ISI currently has an in-line rating on the restaurant operator’s stock.

A number of other equities analysts have also commented on EAT. Wedbush raised their price objective on shares of Brinker International from $45.00 to $47.00 and gave the company a neutral rating in a research report on Friday, April 26th. Jefferies Financial Group raised their price target on shares of Brinker International from $47.00 to $48.00 and gave the company a hold rating in a report on Tuesday, April 16th. StockNews.com cut shares of Brinker International from a buy rating to a hold rating in a report on Thursday, February 1st. Raymond James increased their price objective on Brinker International from $45.00 to $50.00 and gave the stock a strong-buy rating in a research report on Thursday, February 1st. Finally, Barclays boosted their target price on Brinker International from $36.00 to $39.00 and gave the stock an equal weight rating in a research report on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $46.06.

Brinker International Price Performance

NYSE:EAT opened at $54.96 on Wednesday. Brinker International has a 1 year low of $28.23 and a 1 year high of $55.69. The stock’s fifty day moving average price is $47.44 and its two-hundred day moving average price is $41.99. The company has a market cap of $2.43 billion, a P/E ratio of 16.12, a P/E/G ratio of 0.81 and a beta of 2.46.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm posted $1.23 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts expect that Brinker International will post 3.71 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Joseph G. Taylor sold 24,163 shares of Brinker International stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $44.97, for a total value of $1,086,610.11. Following the transaction, the chief financial officer now owns 56,661 shares in the company, valued at approximately $2,548,045.17. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brinker International

Several institutional investors have recently bought and sold shares of EAT. Victory Capital Management Inc. lifted its position in Brinker International by 1.3% in 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 last quarter. Quadrant Capital Group LLC increased its stake in shares of Brinker International by 12.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,070 shares of the restaurant operator’s stock worth $89,000 after buying an additional 235 shares during the period. Signaturefd LLC raised its holdings in Brinker International by 68.9% during the 3rd quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 386 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Brinker International by 3.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,408 shares of the restaurant operator’s stock valued at $424,000 after buying an additional 487 shares during the period. Finally, Bogart Wealth LLC boosted its position in Brinker International by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 500 shares during the period.

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.