Brinker International (NYSE:EAT)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a report released on Wednesday, Marketbeat.com reports. They presently have a $53.00 target price on the restaurant operator’s stock, up from their prior target price of $49.00. Telsey Advisory Group’s price target indicates a potential upside of 7.35% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. ValuEngine upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a report on Wednesday. Raymond James upgraded shares of Brinker International from a “market perform” rating to an “outperform” rating in a report on Tuesday. Stifel Nicolaus upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research cut shares of Brinker International from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Finally, Barclays cut their price target on shares of Brinker International from $50.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, November 29th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Brinker International presently has a consensus rating of “Hold” and an average target price of $46.31.

Shares of EAT opened at $49.37 on Wednesday. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.53 and a beta of 0.25. Brinker International has a fifty-two week low of $32.03 and a fifty-two week high of $54.14.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. Brinker International had a net margin of 4.52% and a negative return on equity of 23.89%. The firm had revenue of $753.80 million for the quarter, compared to analysts’ expectations of $756.40 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities analysts expect that Brinker International will post 3.76 EPS for the current year.

In other Brinker International news, CFO Joseph G. Taylor sold 4,000 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $50.70, for a total value of $202,800.00. Following the transaction, the chief financial officer now directly owns 7,536 shares in the company, valued at $382,075.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michaela M. Ware sold 2,078 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $48.61, for a total transaction of $101,011.58. Following the completion of the transaction, the vice president now owns 11,633 shares in the company, valued at $565,480.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,539 shares of company stock worth $2,692,195. 2.72% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of EAT. Aperio Group LLC grew its stake in shares of Brinker International by 13.3% in the 3rd quarter. Aperio Group LLC now owns 61,197 shares of the restaurant operator’s stock worth $2,860,000 after buying an additional 7,180 shares in the last quarter. Renaissance Technologies LLC grew its position in Brinker International by 1,919.7% during the 3rd quarter. Renaissance Technologies LLC now owns 513,000 shares of the restaurant operator’s stock worth $23,972,000 after purchasing an additional 487,600 shares during the last quarter. Deutsche Bank AG grew its position in Brinker International by 120.3% during the 3rd quarter. Deutsche Bank AG now owns 624,185 shares of the restaurant operator’s stock worth $29,163,000 after purchasing an additional 340,790 shares during the last quarter. SG Americas Securities LLC grew its position in Brinker International by 83.3% during the 3rd quarter. SG Americas Securities LLC now owns 26,636 shares of the restaurant operator’s stock worth $1,245,000 after purchasing an additional 12,108 shares during the last quarter. Finally, Bowling Portfolio Management LLC purchased a new stake in shares of Brinker International in the 3rd quarter valued at $1,127,000.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 27, 2018, it owned, operated, or franchised 1,686 restaurants comprising 997 company-owned restaurants and 689 franchised restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names.

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Analyst Recommendations for Brinker International (NYSE:EAT)

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