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

VaselineAugust 17, 2024

0 4 minutes read

Brinker International (NYSE:EAT – Get a Free Report) The target price was upped by stock analysts at Wells Fargo & Company from $45.00 to $50.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “underweight” rating on the restaurant operator’s stock. Wells Fargo & Company’s target price would indicate a potential downside of 23.75% from the company’s current price.

Several other analysts have recently issued reports on the company. UBS Group boosted their price target on Brinker International from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Evercore ISI boosted their price target on Brinker International from $65.00 to $69.00 and gave the company an “in-line” rating in a report on Thursday. Stifel Nicolaus upped their target price on Brinker International from $62.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Barclays boosted their price objective on shares of Brinker International from $53.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Brinker International from $48.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.58.

Check out our latest analysis of EAT

Brinker International shares fell 2.2%

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Shares of EAT stock opened at $65.57 on Thursday. Brinker International has a 52 week low of $28.23 and a 52 week high of $76.02. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 0.63 and a beta of 2.52. The company has a fifty day simple moving average of $67.23 and a 200 day simple moving average of $57.17.

Brinker International (NYSE:EAT – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.04). Brinker International had a net margin of 3.55% and a negative return on equity of 154.29%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. In the same quarter last year, the company posted earnings of $1.39 per share. The company’s revenue for the quarter was up 12.3% year-over-year. As a group, analysts expect that Brinker International will post 4.18 earnings per share for the current fiscal year.

Insider trading at Brinker International

In other news, COO Douglas N. Comings sold 10,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $68.31, for a total transaction of $683,100.00. Following the transaction, the chief operating officer now owns 38,164 shares of the company’s stock, valued at $2,606,982.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other news, COO Douglas N. Comings sold 10,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $68.31, for a total transaction of $683,100.00. Following the transaction, the chief operating officer now owns 38,164 shares of the company’s stock, valued at $2,606,982.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, SVP Daniel S. Fuller sold 3,611 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $69.04, for a total transaction of $249,303.44. Following the completion of the transaction, the senior vice president now directly owns 34,764 shares in the company, valued at approximately $2,400,106.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,564 shares of company stock worth $1,147,884. Insiders own 1.50% of the company’s shares.

Hedge funds influence Brinker International

Large investors have recently bought and sold shares of the business. Seven Eight Capital LP bought a new position in Brinker International in the fourth quarter valued at approximately $1,594,000. Cetera Advisors LLC bought a new position in Brinker International in the 1st quarter valued at about $714,000. Alpha DNA Investment Management LLC bought a new position in Brinker International in the fourth quarter valued at approximately $584,000. Lazard Asset Management LLC boosted its holdings in Brinker International by 36.7% in the first quarter. Lazard Asset Management LLC now owns 279,974 shares of the restaurant operator’s stock worth $13,908,000 after acquiring an additional 75,225 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Brinker International by 2.5% in the first quarter. Vanguard Group Inc. now owns 5,535,500 shares of the restaurant operator’s stock worth $275,004,000 after purchasing an additional 135,580 shares during the last quarter.

Brinker International Company Profile

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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 the Chili’s Grill & Bar and Maggiano’s Little Italy restaurant brands.