Brinker International (NYSE:EAT) PT Raised to $65.00 at BMO Capital Markets

Brinker International (NYSE:EAT) had its price target upped by BMO Capital Markets from $55.00 to $65.00 in a research note released on Wednesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the restaurant operator’s stock.

Other equities analysts have also issued research reports about the stock. Morgan Stanley boosted their price objective on shares of Brinker International from $36.00 to $39.00 and gave the stock an underweight rating in a report on Friday, April 12th. Wedbush increased their price target on Brinker International from $45.00 to $47.00 and gave the company a neutral rating in a report on Friday, April 26th. Stifel Nicolaus lifted their price objective on Brinker International from $55.00 to $62.00 and gave the stock a buy rating in a report on Wednesday. Evercore ISI increased their target price on Brinker International from $50.00 to $53.00 and gave the company an in-line rating in a research note on Wednesday. Finally, Gordon Haskett upgraded shares of Brinker International from a hold rating to a buy rating and set a $48.00 price target for the company in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $46.06.

Brinker International Trading Up 1.2 %

EAT stock opened at $54.98 on Wednesday. Brinker International has a 12-month low of $28.23 and a 12-month high of $56.30. The company has a market cap of $2.45 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.84 and a beta of 2.42. The stock has a 50-day moving average price of $47.81 and a two-hundred day moving average price of $42.16.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. Brinker International had a negative return on equity of 154.29% and a net margin of 3.55%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 EPS. Equities analysts forecast that Brinker International will post 3.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Brinker International

Several institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. acquired a new position in Brinker International during the 4th quarter valued at approximately $3,522,000. Invesco Ltd. grew its position in shares of Brinker International by 20.4% during the third quarter. Invesco Ltd. now owns 332,176 shares of the restaurant operator’s stock worth $10,493,000 after acquiring an additional 56,192 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Brinker International by 5.5% in the 4th quarter. SG Americas Securities LLC now owns 23,079 shares of the restaurant operator’s stock worth $997,000 after acquiring an additional 1,205 shares during the period. New York State Common Retirement Fund lifted its position in Brinker International by 63.9% in the 3rd quarter. New York State Common Retirement Fund now owns 31,428 shares of the restaurant operator’s stock valued at $993,000 after purchasing an additional 12,251 shares during the last quarter. Finally, Barclays PLC boosted its stake in Brinker International by 411.7% during the 3rd quarter. Barclays PLC now owns 170,719 shares of the restaurant operator’s stock valued at $5,394,000 after purchasing an additional 137,354 shares during the period.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.