ValuEngine Downgrades Brinker International (EAT) to Hold

ValuEngine downgraded shares of Brinker International (NYSE:EAT) from a buy rating to a hold rating in a research note issued to investors on Friday.

Several other research firms also recently commented on EAT. Zacks Investment Research upgraded shares of Brinker International from a hold rating to a buy rating and set a $42.00 target price on the stock in a research report on Friday, January 12th. Telsey Advisory Group reiterated a market perform rating and set a $39.00 target price (up from $37.00) on shares of Brinker International in a research report on Wednesday. BMO Capital Markets reiterated a hold rating on shares of Brinker International in a research report on Wednesday. Stephens cut their target price on shares of Brinker International from $40.00 to $34.00 and set an equal weight rating on the stock in a research report on Wednesday, October 11th. Finally, Maxim Group reiterated a buy rating and set a $49.00 target price on shares of Brinker International in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Brinker International currently has an average rating of Hold and an average target price of $41.09.

Shares of Brinker International (NYSE:EAT) opened at $36.11 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.28 and a debt-to-equity ratio of -2.47. Brinker International has a 1 year low of $29.50 and a 1 year high of $46.16. The company has a market cap of $1,709.96, a P/E ratio of 13.78, a P/E/G ratio of 0.79 and a beta of 0.12.

Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 EPS for the quarter, topping the consensus estimate of $0.72 by $0.15. Brinker International had a net margin of 4.10% and a negative return on equity of 30.98%. The business had revenue of $766.40 million for the quarter, compared to the consensus estimate of $773.84 million. During the same period last year, the company earned $0.71 EPS. The firm’s revenue was down .6% compared to the same quarter last year. analysts predict that Brinker International will post 3.48 earnings per share for the current year.

In other Brinker International news, SVP Charles A. Lousignont sold 3,364 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were 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 in the company, valued at approximately $497,442. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andres Tinajero sold 200,000 shares of Brinker International stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $0.57, for a total transaction of $114,000.00. In the last 90 days, insiders have sold 237,047 shares of company stock valued at $1,500,924. Company insiders own 1.91% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado increased its stake in shares of Brinker International by 1.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 200,835 shares of the restaurant operator’s stock valued at $7,800,000 after acquiring an additional 3,682 shares in the last quarter. US Bancorp DE increased its stake in shares of Brinker International by 275.2% in the 4th quarter. US Bancorp DE now owns 22,530 shares of the restaurant operator’s stock valued at $875,000 after acquiring an additional 16,525 shares in the last quarter. Aperio Group LLC increased its stake in shares of Brinker International by 61.0% in the 4th quarter. Aperio Group LLC now owns 50,091 shares of the restaurant operator’s stock valued at $1,946,000 after acquiring an additional 18,981 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Brinker International by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 24,341 shares of the restaurant operator’s stock valued at $945,000 after acquiring an additional 1,476 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Brinker International in the 4th quarter valued at $240,000.

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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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