Brinker International (EAT) Cut to “Hold” at ValuEngine

ValuEngine cut shares of Brinker International (NYSE:EAT) from a buy rating to a hold rating in a report issued on Friday morning.

Several other analysts have also recently commented on EAT. Telsey Advisory Group reiterated a market perform rating and issued a $39.00 target price (up from $37.00) on shares of Brinker International in a report on Wednesday, January 31st. BMO Capital Markets reiterated a hold rating on shares of Brinker International in a report on Wednesday, January 31st. Royal Bank of Canada reiterated a hold rating and issued a $40.00 target price on shares of Brinker International in a report on Wednesday, January 31st. Barclays reduced their target price on Brinker International from $42.00 to $40.00 and set an equal weight rating on the stock in a report on Wednesday, January 31st. Finally, Maxim Group reiterated a buy rating and issued a $52.00 target price (up from $49.00) on shares of Brinker International in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $41.09.

Shares of Brinker International (NYSE EAT) opened at $34.33 on Friday. The firm has a market capitalization of $1,590.00, a PE ratio of 13.10, a PEG ratio of 0.78 and a beta of 0.12. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.28 and a current ratio of 0.43. Brinker International has a twelve month low of $29.50 and a twelve month high of $46.16.

Brinker International (NYSE:EAT) last announced its earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.15. Brinker International had a negative return on equity of 30.98% and a net margin of 4.10%. The business had revenue of $766.40 million for the quarter, compared to analysts’ expectations of $773.84 million. During the same period in the prior year, the business posted $0.71 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. research analysts anticipate that Brinker International will post 3.44 EPS for the current year.

In other Brinker International news, insider Wyman Roberts sold 33,683 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $37.88, for a total transaction of $1,275,912.04. Following the transaction, the insider now directly owns 137,572 shares in the company, valued at approximately $5,211,227.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andres Tinajero sold 200,000 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $0.57, for a total value of $114,000.00. Insiders have sold a total of 237,047 shares of company stock worth $1,500,924 over the last 90 days. Company insiders own 1.91% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Brinker International by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,198,052 shares of the restaurant operator’s stock worth $45,647,000 after purchasing an additional 9,729 shares during the period. Gotham Asset Management LLC raised its position in shares of Brinker International by 348.9% during the second quarter. Gotham Asset Management LLC now owns 421,534 shares of the restaurant operator’s stock worth $16,060,000 after purchasing an additional 327,637 shares during the period. BlackRock Inc. raised its position in shares of Brinker International by 27.8% during the second quarter. BlackRock Inc. now owns 5,080,271 shares of the restaurant operator’s stock worth $193,557,000 after purchasing an additional 1,104,999 shares during the period. Bank of Nova Scotia acquired a new position in shares of Brinker International during the second quarter worth approximately $4,243,000. Finally, Legal & General Group Plc raised its position in shares of Brinker International by 11.4% during the third quarter. Legal & General Group Plc now owns 66,922 shares of the restaurant operator’s stock worth $2,137,000 after purchasing an additional 6,841 shares during the period.

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Brinker International Company Profile

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Brinker International (NYSE:EAT)

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