Brinker International (NYSE:EAT) Price Target Raised to $62.00 at Stifel Nicolaus

Brinker International (NYSE:EAT) had its price objective lifted by Stifel Nicolaus from $55.00 to $62.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the restaurant operator’s stock.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group boosted their price objective on Brinker International from $47.00 to $48.00 and gave the stock a hold rating in a research note on Tuesday, April 16th. Raymond James upped their price objective on shares of Brinker International from $45.00 to $50.00 and gave the company a strong-buy rating in a report on Thursday, February 1st. JPMorgan Chase & Co. lifted their target price on shares of Brinker International from $44.00 to $48.00 and gave the stock an overweight rating in a research note on Tuesday, March 19th. Royal Bank of Canada increased their price target on shares of Brinker International from $43.00 to $46.00 and gave the company a sector perform rating in a research note on Thursday, February 1st. Finally, Gordon Haskett raised shares of Brinker International from a hold rating to a buy rating and set a $48.00 price target on the stock in a research report on Tuesday, January 16th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $46.06.

Brinker International Stock Up 1.2 %

EAT opened at $54.98 on Wednesday. The company has a market cap of $2.45 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.84 and a beta of 2.42. The company has a 50-day moving average price of $47.81 and a 200 day moving average price of $42.16. Brinker International has a twelve month low of $28.23 and a twelve month high of $56.30.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.09. Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm posted $1.23 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts expect that Brinker International will post 3.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. TFO Wealth Partners LLC raised its stake in 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 buying an additional 648 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Brinker International by 3,611.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 668 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 650 shares during the last quarter. Signaturefd LLC boosted its holdings in Brinker International by 68.9% in the third 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. DekaBank Deutsche Girozentrale purchased a new position in Brinker International in the third quarter valued at approximately $31,000. Finally, Bogart Wealth LLC raised its holdings in Brinker International by 100.0% during the third quarter. Bogart Wealth LLC now owns 1,000 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 500 shares in 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.