Brinker International (NYSE:EAT) was upgraded by research analysts at OTR Global from a “mixed” rating to a “positive” rating in a research report issued on Thursday, BenzingaRatingsTable reports.
EAT has been the topic of several other reports. ValuEngine raised Brinker International from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Piper Jaffray Companies raised Brinker International from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $39.00 to $54.00 in a research report on Thursday, October 31st. Telsey Advisory Group raised their target price on Brinker International from $47.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut Brinker International from an “overweight” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Tuesday, September 24th. Finally, DA Davidson started coverage on Brinker International in a research report on Friday, September 27th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.67.
NYSE:EAT traded up $1.62 on Thursday, hitting $44.26. The stock had a trading volume of 15,600 shares, compared to its average volume of 559,566. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.30 and a beta of 0.24. The business’s 50-day simple moving average is $42.58 and its two-hundred day simple moving average is $41.55. Brinker International has a 52-week low of $36.44 and a 52-week high of $49.28.
Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $802.16 million. Brinker International had a negative return on equity of 19.76% and a net margin of 4.41%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. Equities analysts forecast that Brinker International will post 4.24 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in Brinker International by 117.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,248 shares of the restaurant operator’s stock worth $53,000 after acquiring an additional 674 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Brinker International by 48,525.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,945 shares of the restaurant operator’s stock worth $83,000 after acquiring an additional 1,941 shares during the last quarter. North Star Investment Management Corp. bought a new stake in Brinker International in the 3rd quarter worth approximately $159,000. Wealthstreet Investment Advisors LLC bought a new stake in Brinker International in the 3rd quarter worth approximately $228,000. Finally, Nomura Holdings Inc. bought a new stake in Brinker International in the 2nd quarter worth approximately $234,000.
About Brinker International
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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