Brinker International (EAT) Receives Hold Rating from Canaccord Genuity

Brinker International (NYSE:EAT)‘s stock had its “hold” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Thursday. They currently have a $40.00 price target on the restaurant operator’s stock. Canaccord Genuity’s price target points to a potential upside of 1.39% from the stock’s previous close.

A number of other equities research analysts have also commented on EAT. ValuEngine lowered shares of Brinker International from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Brinker International from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Maxim Group reiterated a “buy” rating and set a $49.00 price target on shares of Brinker International in a report on Tuesday, September 12th. Telsey Advisory Group lowered their price target on shares of Brinker International from $40.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, September 19th. Finally, Stifel Nicolaus initiated coverage on shares of Brinker International in a report on Monday, October 2nd. They set a “hold” rating and a $36.00 price target for the company. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $40.50.

Shares of Brinker International (NYSE:EAT) traded up $0.37 during trading on Thursday, hitting $39.45. 1,180,000 shares of the stock were exchanged, compared to its average volume of 1,441,404. Brinker International has a 12 month low of $29.50 and a 12 month high of $51.08. The stock has a market cap of $1,809.02, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.23 and a beta of 0.24. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of -2.51.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). Brinker International had a net margin of 4.39% and a negative return on equity of 30.36%. The business had revenue of $739.40 million during the quarter, compared to analysts’ expectations of $749.05 million. During the same period last year, the company posted $0.49 EPS. Brinker International’s revenue for the quarter was down 2.5% on a year-over-year basis. analysts predict that Brinker International will post 3.22 earnings per share for the current year.

In other Brinker International news, insider Wyman Roberts sold 33,683 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $37.88, for a total value of $1,275,912.04. Following the completion of the transaction, the insider now directly owns 137,572 shares in the company, valued at approximately $5,211,227.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles A. Lousignont sold 3,364 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $33.00, for a total transaction of $111,012.00. Following the completion of the transaction, the senior vice president now owns 15,074 shares of the company’s stock, valued at $497,442. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Profund Advisors LLC grew its position in shares of Brinker International by 0.8% in the 2nd quarter. Profund Advisors LLC now owns 6,849 shares of the restaurant operator’s stock worth $261,000 after buying an additional 57 shares during the period. D.A. Davidson & CO. grew its position in shares of Brinker International by 2.2% in the 2nd quarter. D.A. Davidson & CO. now owns 7,832 shares of the restaurant operator’s stock worth $298,000 after buying an additional 166 shares during the period. Arizona State Retirement System grew its position in shares of Brinker International by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 20,600 shares of the restaurant operator’s stock worth $785,000 after buying an additional 300 shares during the period. California Public Employees Retirement System grew its position in shares of Brinker International by 0.4% in the 2nd quarter. California Public Employees Retirement System now owns 170,054 shares of the restaurant operator’s stock worth $6,479,000 after buying an additional 600 shares during the period. Finally, Thrivent Financial For Lutherans grew its position in shares of Brinker International by 7.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 9,925 shares of the restaurant operator’s stock worth $378,000 after buying an additional 680 shares during the period.

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About Brinker International

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.

Analyst Recommendations for Brinker International (NYSE:EAT)

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