Brinker International (NYSE:EAT) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.
Several other research firms have also recently weighed in on EAT. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price objective on shares of Brinker International in a research report on Thursday, December 21st. BMO Capital Markets reiterated a “hold” rating on shares of Brinker International in a research report on Monday, November 6th. Stephens decreased their price objective on shares of Brinker International from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. Barclays decreased their price objective on shares of Brinker International from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Finally, Zacks Investment Research cut shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $40.50.
Brinker International (EAT) opened at $38.84 on Friday. The company has a debt-to-equity ratio of -2.51, a current ratio of 0.34 and a quick ratio of 0.28. Brinker International has a 12-month low of $29.50 and a 12-month high of $50.21. The stock has a market cap of $1,797.90, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 1.22 and a beta of 0.24.
In other Brinker International news, SVP Charles A. Lousignont sold 3,364 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $33.00, for a total value of $111,012.00. Following the completion of the sale, the senior vice president now directly owns 15,074 shares in the company, valued at $497,442. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wyman Roberts sold 33,683 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $37.88, for a total transaction of $1,275,912.04. Following the completion of the sale, the insider now owns 137,572 shares of the company’s stock, valued at $5,211,227.36. The disclosure for this sale can be found here. Company insiders own 1.91% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. AXA lifted its stake in shares of Brinker International by 21.5% in the third quarter. AXA now owns 186,760 shares of the restaurant operator’s stock valued at $5,950,000 after buying an additional 33,000 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Brinker International in the third quarter valued at $1,299,000. Marco Investment Management LLC bought a new position in shares of Brinker International in the third quarter valued at $427,000. Neuberger Berman Group LLC bought a new position in shares of Brinker International in the third quarter valued at $306,000. Finally, California Public Employees Retirement System lifted its stake in shares of Brinker International by 9.2% in the third quarter. California Public Employees Retirement System now owns 185,780 shares of the restaurant operator’s stock valued at $5,919,000 after buying an additional 15,726 shares in the last quarter.
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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.
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