Analysts Set Brinker International, Inc. (EAT) Price Target at $45.53

Brinker International, Inc. (NYSE:EAT) has been assigned an average recommendation of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $45.53.

A number of research analysts recently commented on EAT shares. Telsey Advisory Group lowered their price objective on shares of Brinker International from $52.00 to $49.00 and set a “market perform” rating on the stock in a research report on Friday, August 10th. Gordon Haskett started coverage on shares of Brinker International in a research report on Thursday, October 18th. They set a “hold” rating and a $44.00 price objective on the stock. Piper Jaffray Companies boosted their price objective on shares of Brinker International to $48.00 and gave the company a “positive” rating in a research report on Wednesday, August 15th. Morgan Stanley boosted their price objective on shares of Brinker International from $37.00 to $38.00 and gave the company an “underweight” rating in a research report on Wednesday, August 15th. Finally, Canaccord Genuity lowered their price objective on shares of Brinker International from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, August 15th.

In other Brinker International news, CFO Joseph G. Taylor sold 4,000 shares of Brinker International stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $50.70, for a total value of $202,800.00. Following the completion of the sale, the chief financial officer now directly owns 7,536 shares in the company, valued at $382,075.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steve Provost sold 11,985 shares of Brinker International stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $51.00, for a total transaction of $611,235.00. Following the completion of the sale, the executive vice president now owns 27,568 shares of the company’s stock, valued at $1,405,968. The disclosure for this sale can be found here. Insiders sold 60,444 shares of company stock valued at $2,904,925 over the last quarter. Corporate insiders own 2.72% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Brinker International by 8.0% in the third quarter. Vanguard Group Inc. now owns 4,909,754 shares of the restaurant operator’s stock valued at $229,433,000 after acquiring an additional 365,235 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Brinker International by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,310,802 shares of the restaurant operator’s stock worth $62,397,000 after buying an additional 5,541 shares during the last quarter. Contrarius Investment Management Ltd lifted its stake in shares of Brinker International by 61.1% in the second quarter. Contrarius Investment Management Ltd now owns 1,116,833 shares of the restaurant operator’s stock worth $53,161,000 after buying an additional 423,705 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Brinker International by 120.3% in the third quarter. Deutsche Bank AG now owns 624,185 shares of the restaurant operator’s stock worth $29,163,000 after buying an additional 340,790 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Brinker International by 2,460.9% in the second quarter. Millennium Management LLC now owns 576,652 shares of the restaurant operator’s stock worth $27,449,000 after buying an additional 601,077 shares during the last quarter.

Shares of EAT opened at $51.08 on Thursday. Brinker International has a 52 week low of $32.03 and a 52 week high of $54.14. The company has a market cap of $1.97 billion, a P/E ratio of 14.59, a P/E/G ratio of 1.53 and a beta of 0.01.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. Brinker International had a net margin of 4.52% and a negative return on equity of 23.89%. The firm had revenue of $753.80 million for the quarter, compared to the consensus estimate of $756.40 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, equities analysts anticipate that Brinker International will post 3.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Friday, December 7th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, December 6th. Brinker International’s dividend payout ratio (DPR) is presently 43.43%.

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.

Featured Story: How To Calculate Debt-to-Equity Ratio

Analyst Recommendations for Brinker International (NYSE:EAT)

Receive News & Ratings for Brinker International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit