Brinker International, Inc. (EAT) Receives $46.50 Average Price Target from Analysts

Shares of Brinker International, Inc. (NYSE:EAT) have been assigned an average rating of “Hold” from the eighteen research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $46.46.

A number of equities research analysts have commented on the company. Raymond James raised Brinker International from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Zacks Investment Research raised Brinker International from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Thursday, January 31st. Telsey Advisory Group restated a “market perform” rating and issued a $53.00 target price on shares of Brinker International in a report on Wednesday, January 30th. Maxim Group restated a “buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Brinker International in a report on Wednesday, January 23rd. Finally, Stifel Nicolaus upgraded Brinker International from a “hold” rating to a “buy” rating in a report on Monday, January 7th.

NYSE EAT traded up $0.05 during trading hours on Wednesday, hitting $43.11. 491,890 shares of the company’s stock were exchanged, compared to its average volume of 1,129,753. Brinker International has a 1-year low of $37.76 and a 1-year high of $54.14. The stock has a market capitalization of $1.61 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.30 and a beta of 0.14.

Brinker International (NYSE:EAT) last released its earnings results on Tuesday, January 29th. The restaurant operator reported $0.89 EPS for the quarter, hitting the consensus estimate of $0.89. Brinker International had a negative return on equity of 20.64% and a net margin of 4.70%. The business had revenue of $790.70 million during the quarter, compared to analysts’ expectations of $779.19 million. During the same quarter last year, the firm posted $0.87 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts predict that Brinker International will post 3.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.53%. Brinker International’s dividend payout ratio is presently 43.43%.

In other Brinker International news, SVP Charles A. Lousignont purchased 2,590 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The shares were acquired at an average cost of $43.00 per share, for a total transaction of $111,370.00. Following the completion of the acquisition, the senior vice president now owns 14,836 shares of the company’s stock, valued at approximately $637,948. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelly C. Baltes purchased 800 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The shares were acquired at an average price of $41.75 per share, for a total transaction of $33,400.00. Following the completion of the acquisition, the executive vice president now directly owns 800 shares of the company’s stock, valued at approximately $33,400. The disclosure for this purchase can be found here. 2.72% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in Brinker International by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 466,930 shares of the restaurant operator’s stock worth $20,535,000 after acquiring an additional 7,495 shares during the period. Norges Bank bought a new stake in Brinker International during the fourth quarter worth $28,030,000. Nordea Investment Management AB bought a new stake in Brinker International during the fourth quarter worth $147,000. APG Asset Management N.V. lifted its holdings in Brinker International by 147.6% during the fourth quarter. APG Asset Management N.V. now owns 320,100 shares of the restaurant operator’s stock worth $12,315,000 after acquiring an additional 190,800 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in Brinker International by 2,134.6% during the fourth quarter. Advisory Services Network LLC now owns 6,592 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 6,297 shares during the period.

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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Analyst Recommendations for Brinker International (NYSE:EAT)

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