Shares of Brinker International, Inc. (NYSE:EAT) have been assigned an average rating of “Hold” from the twenty-two analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $44.06.

EAT has been the topic of a number of recent research reports. Raymond James reaffirmed an “outperform” rating and set a $47.00 price objective (down previously from $50.00) on shares of Brinker International in a research report on Wednesday, August 14th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered Brinker International from an “overweight” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research report on Tuesday, September 24th. Gordon Haskett raised Brinker International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $41.00 to $45.00 in a research report on Tuesday, September 3rd. ValuEngine raised Brinker International from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Evercore ISI reaffirmed a “hold” rating and set a $40.00 price objective on shares of Brinker International in a research report on Tuesday, August 13th.

In other Brinker International news, EVP Steve Provost sold 11,419 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $40.00, for a total value of $456,760.00. Following the completion of the transaction, the executive vice president now owns 42,321 shares in the company, valued at $1,692,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelly C. Baltes acquired 850 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was bought at an average price of $38.00 per share, with a total value of $32,300.00. Following the purchase, the executive vice president now directly owns 13,984 shares of the company’s stock, valued at $531,392. The disclosure for this purchase can be found here. Insiders sold 13,112 shares of company stock worth $523,720 in the last three months. 3.51% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EAT. Amundi Pioneer Asset Management Inc. boosted its stake in Brinker International by 2.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 504,946 shares of the restaurant operator’s stock valued at $22,409,000 after buying an additional 10,023 shares during the last quarter. Arizona State Retirement System boosted its stake in Brinker International by 1.1% during the second quarter. Arizona State Retirement System now owns 27,217 shares of the restaurant operator’s stock valued at $1,071,000 after buying an additional 290 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in Brinker International during the second quarter valued at approximately $252,000. SG Americas Securities LLC boosted its stake in Brinker International by 16.9% during the second quarter. SG Americas Securities LLC now owns 19,790 shares of the restaurant operator’s stock valued at $779,000 after buying an additional 2,867 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Brinker International during the second quarter valued at approximately $219,000.

NYSE EAT traded down $0.29 on Friday, reaching $40.21. The stock had a trading volume of 745,613 shares, compared to its average volume of 738,131. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 1.64 and a beta of 0.27. Brinker International has a 12-month low of $36.44 and a 12-month high of $53.61. The stock has a fifty day moving average price of $41.21 and a two-hundred day moving average price of $40.60.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Tuesday, August 13th. The restaurant operator reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. Brinker International had a negative return on equity of 18.81% and a net margin of 4.81%. The business had revenue of $834.10 million for the quarter, compared to analyst estimates of $834.69 million. During the same quarter in the prior year, the company earned $1.19 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that Brinker International will post 4.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 6th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, September 5th. Brinker International’s dividend payout ratio (DPR) is presently 38.68%.

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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