Brinker International (NYSE:EAT) Price Target Raised to $208.00 at The Goldman Sachs Group

Brinker International (NYSE:EATFree Report) had its target price increased by The Goldman Sachs Group from $162.00 to $208.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus raised their target price on shares of Brinker International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday. Argus upgraded shares of Brinker International from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Tuesday, December 24th. JPMorgan Chase & Co. raised their price objective on Brinker International from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley upgraded shares of Brinker International from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $70.00 to $115.00 in a report on Friday, December 20th. Finally, KeyCorp cut shares of Brinker International from an “overweight” rating to a “sector weight” rating and set a $115.00 target price for the company. in a research note on Friday, January 24th. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $135.48.

View Our Latest Analysis on Brinker International

Brinker International Trading Up 1.4 %

Brinker International stock opened at $182.37 on Thursday. Brinker International has a 12-month low of $40.50 and a 12-month high of $184.19. The stock has a market capitalization of $8.10 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 0.97 and a beta of 2.52. The firm has a 50 day simple moving average of $138.17 and a 200-day simple moving average of $101.23. The company has a debt-to-equity ratio of 63.54, a current ratio of 0.32 and a quick ratio of 0.26.

Brinker International (NYSE:EATGet Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, beating the consensus estimate of $1.37 by $1.43. Brinker International had a net margin of 5.45% and a return on equity of 16,722.22%. As a group, equities research analysts expect that Brinker International will post 7.75 EPS for the current fiscal year.

Institutional Trading of Brinker International

Large investors have recently made changes to their positions in the business. Hennessy Advisors Inc. bought a new stake in shares of Brinker International during the fourth quarter worth $81,888,000. Assenagon Asset Management S.A. lifted its position in Brinker International by 2,612.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 588,594 shares of the restaurant operator’s stock valued at $77,865,000 after purchasing an additional 566,894 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Brinker International by 1,145.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 416,044 shares of the restaurant operator’s stock valued at $55,038,000 after purchasing an additional 382,633 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Brinker International by 55.1% during the 3rd quarter. Wellington Management Group LLP now owns 618,728 shares of the restaurant operator’s stock worth $47,351,000 after buying an additional 219,836 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Brinker International during the third quarter worth approximately $14,611,000.

Brinker International Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Brinker International (NYSE:EAT)

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