Brokerages Set Brinker International, Inc. (NYSE:EAT) PT at $193.25

Shares of Brinker International, Inc. (NYSE:EAT) have earned an average rating of “Moderate Buy” from the twenty-two analysts that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $193.25.

A number of equities research analysts recently weighed in on the company. KeyCorp increased their price target on Brinker International from $177.00 to $204.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. TD Cowen lifted their price objective on shares of Brinker International from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Citigroup upped their price objective on shares of Brinker International from $189.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Wells Fargo & Company increased their price objective on shares of Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Brinker International by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock worth $691,680,000 after purchasing an additional 73,346 shares in the last quarter. UBS Group AG raised its stake in Brinker International by 103.2% in the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock valued at $427,066,000 after purchasing an additional 1,511,266 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Brinker International by 27.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock worth $176,542,000 after purchasing an additional 301,912 shares during the period. Balyasny Asset Management L.P. lifted its position in Brinker International by 667.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after purchasing an additional 993,435 shares during the period. Finally, Capital World Investors grew its stake in Brinker International by 96.5% during the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock worth $163,306,000 after buying an additional 558,799 shares in the last quarter.

Brinker International Price Performance

NYSE:EAT opened at $213.76 on Thursday. 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 stock’s 50 day moving average price is $169.10 and its two-hundred day moving average price is $156.10. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.27 and a beta of 1.24. Brinker International has a 12-month low of $100.30 and a 12-month high of $214.23.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, topping the consensus estimate of $2.85 by $0.05. The company had revenue of $1.47 billion during 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 firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.66 EPS. On average, analysts anticipate that Brinker International will post 10.76 earnings per share for the current year.

Brinker International Company Profile

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.