Brinker International (EAT) Rating Increased to Buy at ValuEngine

Brinker International (NYSE:EAT) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other research firms have also weighed in on EAT. Maxim Group reissued a “buy” rating and issued a $55.00 target price on shares of Brinker International in a research note on Tuesday, October 30th. Stifel Nicolaus raised Brinker International from a “hold” rating to a “buy” rating in a research note on Monday. Barclays lowered their target price on Brinker International from $50.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, November 29th. Loop Capital initiated coverage on Brinker International in a research note on Wednesday, October 24th. They issued a “hold” rating and a $50.00 target price for the company. Finally, Gordon Haskett initiated coverage on Brinker International in a research note on Thursday, October 18th. They issued a “hold” rating and a $44.00 target price for the company. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Brinker International currently has an average rating of “Hold” and an average target price of $46.31.

EAT opened at $49.37 on Wednesday. Brinker International has a 12-month low of $32.03 and a 12-month high of $54.14. The stock has a market capitalization of $1.75 billion, a PE ratio of 14.11, a PEG ratio of 1.37 and a beta of 0.25.

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

In other Brinker International news, EVP Steve Provost sold 11,985 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $51.00, for a total transaction of $611,235.00. Following the completion of the transaction, the executive vice president now owns 27,568 shares of the company’s stock, valued at approximately $1,405,968. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph G. Taylor sold 4,000 shares of the company’s 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 transaction, the chief financial officer now directly owns 7,536 shares of the company’s stock, valued at approximately $382,075.20. The disclosure for this sale can be found here. Insiders have sold a total of 55,539 shares of company stock valued at $2,692,195 in the last ninety days. 2.72% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aperio Group LLC raised its position in shares of Brinker International by 13.3% in the 3rd quarter. Aperio Group LLC now owns 61,197 shares of the restaurant operator’s stock worth $2,860,000 after acquiring an additional 7,180 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Brinker International by 1,919.7% in the 3rd quarter. Renaissance Technologies LLC now owns 513,000 shares of the restaurant operator’s stock worth $23,972,000 after acquiring an additional 487,600 shares in the last quarter. Deutsche Bank AG raised its position in shares of Brinker International by 120.3% in the 3rd quarter. Deutsche Bank AG now owns 624,185 shares of the restaurant operator’s stock worth $29,163,000 after acquiring an additional 340,790 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Brinker International by 83.3% in the 3rd quarter. SG Americas Securities LLC now owns 26,636 shares of the restaurant operator’s stock worth $1,245,000 after acquiring an additional 12,108 shares in the last quarter. Finally, Bowling Portfolio Management LLC bought a new position in shares of Brinker International in the 3rd quarter worth approximately $1,127,000.

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.

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Analyst Recommendations for Brinker International (NYSE:EAT)

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