Brinker International (NYSE:EAT) Price Target Raised to $38.00 at Deutsche Bank Aktiengesellschaft

Brinker International (NYSE:EATGet Rating) had its target price upped by Deutsche Bank Aktiengesellschaft from $34.00 to $38.00 in a research report sent to investors on Tuesday morning, The Fly reports. The firm currently has a hold rating on the restaurant operator’s stock.

Several other equities research analysts have also issued reports on EAT. Citigroup boosted their price target on shares of Brinker International from $28.00 to $32.00 and gave the company a neutral rating in a report on Thursday, November 3rd. Morgan Stanley upped their target price on shares of Brinker International from $30.00 to $40.00 and gave the stock an equal weight rating in a report on Wednesday, January 18th. The Goldman Sachs Group lowered shares of Brinker International from a neutral rating to a sell rating and lowered their target price for the stock from $31.00 to $28.00 in a report on Monday, December 12th. Jefferies Financial Group lowered shares of Brinker International from a buy rating to a hold rating and lowered their target price for the stock from $38.00 to $35.00 in a report on Wednesday, December 21st. Finally, Raymond James upped their target price on shares of Brinker International from $37.00 to $42.00 and gave the stock an outperform rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $35.94.

Brinker International Price Performance

Shares of Brinker International stock opened at $37.66 on Tuesday. The firm has a market capitalization of $1.66 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.07 and a beta of 2.25. The company’s fifty day moving average price is $34.56 and its two-hundred day moving average price is $30.31. Brinker International has a 52-week low of $21.47 and a 52-week high of $44.03.

Brinker International (NYSE:EATGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The restaurant operator reported ($0.57) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.03. The firm had revenue of $955.50 million for the quarter, compared to analyst estimates of $934.58 million. Brinker International had a net margin of 1.91% and a negative return on equity of 33.11%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Analysts predict that Brinker International will post 2.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its position in Brinker International by 81.3% during the 3rd quarter. Versant Capital Management Inc now owns 990 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 444 shares during the period. Strengthening Families & Communities LLC lifted its position in Brinker International by 9.4% during the 3rd quarter. Strengthening Families & Communities LLC now owns 6,831 shares of the restaurant operator’s stock valued at $170,000 after purchasing an additional 585 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brinker International by 8.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,603 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 647 shares during the period. Mutual of America Capital Management LLC lifted its position in Brinker International by 14.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 7,363 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 937 shares during the period. Finally, Strs Ohio lifted its position in Brinker International by 0.7% during the 2nd quarter. Strs Ohio now owns 147,200 shares of the restaurant operator’s stock valued at $3,242,000 after purchasing an additional 1,000 shares during the period.

Brinker International Company Profile

(Get Rating)

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants under the under the Chili's Grill & Bar and Maggiano's Little Italy brand name in the United States and internationally. The company operates in two segments, Chili's and Maggiano's.

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