Brinker International, Inc. (NYSE:EAT – Get Rating) has received an average rating of "Hold" from the twenty brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $36.74.
EAT has been the topic of several recent analyst reports. The Goldman Sachs Group lowered shares of Brinker International from a "buy" rating to a "neutral" rating and dropped their price target for the company from $46.00 to $28.00 in a research note on Monday, July 18th. MKM Partners lowered their target price on shares of Brinker International from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, June 3rd. Raymond James raised their target price on shares of Brinker International from $28.50 to $37.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 16th. Piper Sandler lowered their target price on shares of Brinker International from $80.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, August 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Brinker International from $33.00 to $31.00 and set a "hold" rating on the stock in a research report on Monday, August 29th.
Get Brinker International alerts:Brinker International Stock Up 2.7 %
Shares of Brinker International stock opened at $26.61 on Thursday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 10.27, a P/E/G ratio of 0.90 and a beta of 2.43. Brinker International has a 52 week low of $21.47 and a 52 week high of $52.56. The firm's 50 day moving average is $28.03 and its two-hundred day moving average is $30.00.
Brinker International (NYSE:EAT – Get Rating) last announced its quarterly earnings results on Wednesday, August 24th. The restaurant operator reported $1.15 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.01). The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Brinker International had a net margin of 3.09% and a negative return on equity of 45.77%. The business's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 earnings per share. As a group, research analysts expect that Brinker International will post 2.6 earnings per share for the current fiscal year.Insider Buying and Selling at Brinker International
In other Brinker International news, EVP Rick Badgley sold 10,000 shares of the firm's stock in a transaction on Friday, September 9th. The stock was sold at an average price of $29.66, for a total value of $296,600.00. Following the completion of the sale, the executive vice president now owns 37,441 shares of the company's stock, valued at $1,110,500.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.21% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Brinker International by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 5,382,945 shares of the restaurant operator's stock worth $205,414,000 after buying an additional 102,122 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Brinker International by 143.6% during the 2nd quarter. Franklin Resources Inc. now owns 2,238,343 shares of the restaurant operator's stock worth $49,311,000 after buying an additional 1,319,424 shares during the last quarter. GMT Capital Corp raised its stake in shares of Brinker International by 250.6% during the 2nd quarter. GMT Capital Corp now owns 2,118,900 shares of the restaurant operator's stock worth $46,679,000 after buying an additional 1,514,500 shares during the last quarter. State Street Corp raised its stake in shares of Brinker International by 2.9% during the 1st quarter. State Street Corp now owns 1,654,811 shares of the restaurant operator's stock worth $63,148,000 after buying an additional 46,935 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Brinker International by 2.6% during the 2nd quarter. Macquarie Group Ltd. now owns 1,643,652 shares of the restaurant operator's stock worth $36,209,000 after buying an additional 42,373 shares during the last quarter. Institutional investors and hedge funds own 95.38% of the company's stock.
About Brinker International
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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. The company operates in two segments, Chili's and Maggiano's. As of June 30, 2021, it owned, operated, or franchised 1,648 restaurants comprising 1,594 restaurants under the Chili's Grill & Bar name and 54 restaurants under the Maggiano's Little Italy brand name.
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