Evercore ISI Raises Brinker International (NYSE:EAT) Price Target to $50.00

Brinker International (NYSE:EAT) had its price target hoisted by Evercore ISI from $48.00 to $50.00 in a research report report published on Thursday, Benzinga reports. Evercore ISI currently has an in-line rating on the restaurant operator’s stock.

A number of other equities research analysts also recently commented on the company. BMO Capital Markets raised their target price on Brinker International from $52.00 to $55.00 and gave the company an outperform rating in a report on Thursday, February 1st. Morgan Stanley lifted their price target on Brinker International from $36.00 to $39.00 and gave the stock an underweight rating in a research note on Friday, April 12th. Stifel Nicolaus lifted their price target on Brinker International from $50.00 to $55.00 and gave the stock a buy rating in a research note on Thursday, April 11th. Gordon Haskett raised Brinker International from a hold rating to a buy rating and set a $48.00 price target for the company in a research note on Tuesday, January 16th. Finally, Barclays lifted their price target 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 research analysts have rated the stock with a sell rating, nine 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.com, Brinker International presently has an average rating of Hold and an average target price of $43.80.

Brinker International Stock Performance

Brinker International stock opened at $45.23 on Thursday. Brinker International has a one year low of $28.23 and a one year high of $51.72. The business has a fifty day moving average of $46.86 and a two-hundred day moving average of $41.00. The company has a market cap of $2.00 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 0.73 and a beta of 2.46.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Brinker International had a negative return on equity of 113.41% and a net margin of 3.63%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Sell-side analysts predict that Brinker International will post 3.71 EPS for the current year.

Insider Buying and Selling

In other Brinker International news, CFO Joseph G. Taylor sold 24,163 shares of Brinker International stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $44.97, for a total value of $1,086,610.11. Following the completion of the sale, the chief financial officer now owns 56,661 shares in the company, valued at approximately $2,548,045.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Brinker International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wyoming purchased a new stake in Brinker International in the 2nd quarter valued at about $27,000. TFO Wealth Partners LLC lifted its stake in shares of Brinker International by 64,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 648 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Brinker International by 3,611.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 650 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Brinker International by 68.9% in the 3rd quarter. Signaturefd LLC now owns 946 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 386 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Brinker International in the 3rd quarter valued at about $31,000.

Brinker International Company Profile

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.