Brinker International (NYSE:EAT) PT Raised to $50.00 at UBS Group

Brinker International (NYSE:EAT) had its price objective increased by research analysts at UBS Group from $46.00 to $50.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s target price points to a potential upside of 3.58% from the company’s previous close.

EAT has been the topic of several other reports. Raymond James upped their price target on Brinker International from $45.00 to $50.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. BMO Capital Markets increased their target price on shares of Brinker International from $52.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Barclays boosted their price target on shares of Brinker International from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 3rd. Evercore ISI increased their price objective on Brinker International from $48.00 to $50.00 and gave the stock an “in-line” rating in a research report on Thursday, April 18th. Finally, Gordon Haskett upgraded Brinker International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.19.

Brinker International Stock Up 1.4 %

NYSE EAT opened at $48.27 on Wednesday. The company’s 50 day moving average is $47.09 and its 200-day moving average is $41.40. The firm has a market cap of $2.13 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.78 and a beta of 2.46. Brinker International has a 12-month low of $28.23 and a 12-month high of $51.72.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, January 31st. The restaurant operator reported $0.99 earnings per share (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 negative return on equity of 113.41% and a net margin of 3.63%. Equities analysts expect that Brinker International will post 3.71 EPS for the current year.

Insider Activity

In related news, CFO Joseph G. Taylor sold 24,163 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,548,045.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Brinker International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EAT. TFO Wealth Partners LLC increased its position in shares of Brinker International by 64,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 649 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 648 shares during the period. Parkside Financial Bank & Trust increased its holdings in Brinker International by 3,611.1% during 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 during the period. Signaturefd LLC raised its position 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 purchasing an additional 386 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Brinker International in the 3rd quarter worth approximately $31,000. Finally, Bogart Wealth LLC grew its position in shares of Brinker International by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock worth $32,000 after buying an additional 500 shares during the last quarter.

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.