Brinker International (NYSE:EAT) had its target price reduced by Wells Fargo & Co from $41.00 to $40.00 in a report released on Monday morning, BenzingaRatingsTable reports. They currently have a market perform rating on the restaurant operator’s stock.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of Brinker International from a neutral rating to an overweight rating and decreased their price target for the stock from $44.00 to $43.00 in a research note on Monday, July 15th. ValuEngine upgraded shares of Brinker International from a sell rating to a hold rating in a research note on Wednesday, May 22nd. Zacks Investment Research downgraded shares of Brinker International from a buy rating to a hold rating in a research note on Friday, May 3rd. UBS Group upgraded shares of Brinker International from a sell rating to a neutral rating and set a $39.00 price target for the company in a research note on Monday, June 3rd. Finally, Telsey Advisory Group upgraded shares of Brinker International from a market perform rating to an outperform rating and set a $47.00 price target for the company in a research note on Wednesday, June 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $44.00.

Shares of EAT stock opened at $39.36 on Monday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 1.28 and a beta of 0.25. The company has a 50 day moving average price of $39.33 and a 200 day moving average price of $41.51. Brinker International has a fifty-two week low of $36.44 and a fifty-two week high of $53.61.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Tuesday, August 13th. The restaurant operator reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. Brinker International had a net margin of 4.81% and a negative return on equity of 18.81%. The firm had revenue of $834.10 million during the quarter, compared to analysts’ expectations of $834.69 million. During the same quarter in the previous year, the business posted $1.19 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that Brinker International will post 4.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 6th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 5th. This represents a $1.52 annualized dividend and a dividend yield of 3.86%. Brinker International’s dividend payout ratio is presently 38.68%.

In other Brinker International news, EVP Kelly C. Baltes bought 850 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost of $38.00 per share, with a total value of $32,300.00. Following the acquisition, the executive vice president now directly owns 13,984 shares of the company’s stock, valued at approximately $531,392. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Wade Allen sold 725 shares of Brinker International stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.74, for a total transaction of $28,811.50. Following the completion of the transaction, the senior vice president now directly owns 6,481 shares in the company, valued at $257,554.94. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in EAT. Strategy Asset Managers LLC acquired a new position in shares of Brinker International in the 1st quarter valued at $79,000. Quantamental Technologies LLC acquired a new position in Brinker International in the 2nd quarter valued at $173,000. Janney Montgomery Scott LLC acquired a new position in Brinker International in the 2nd quarter valued at $219,000. Nomura Holdings Inc. acquired a new position in Brinker International in the 2nd quarter valued at $234,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Brinker International in the 2nd quarter valued at $252,000.

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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