Brinker International (NYSE:EAT) Price Target Raised to $160.00

Brinker International (NYSE:EAT) had its target price increased by JPMorgan Chase & Co. from $140.00 to $160.00 in a report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the restaurant operator’s stock.

A number of other research firms have also recently weighed in on EAT. Bank of America lifted their price objective on shares of Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. 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 report on Friday, January 24th. 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 research note on Monday. BMO Capital Markets upped their target price on Brinker International from $105.00 to $125.00 and gave the company a “market perform” rating in a report on Monday. Finally, Piper Sandler upped their price objective on shares of Brinker International from $62.00 to $97.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Sixteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $135.48.

Brinker International Stock Performance

EAT opened at $182.37 on Thursday. The firm has a 50 day moving average of $138.17 and a two-hundred day moving average of $101.23. The firm has a market capitalization of $8.10 billion, a PE ratio of 31.61, a P/E/G ratio of 0.97 and a beta of 2.52. The company has a current ratio of 0.32, a quick ratio of 0.26 and a debt-to-equity ratio of 63.54. Brinker International has a 12-month low of $40.50 and a 12-month high of $184.19.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 EPS 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%. On average, analysts anticipate that Brinker International will post 7.75 EPS for the current year.

Hedge Funds Weigh In On Brinker International

A number of hedge funds and other institutional investors have recently made changes to their positions in EAT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Brinker International during the 4th quarter worth approximately $434,000. MADDEN SECURITIES Corp acquired a new position in Brinker International during the fourth quarter worth about $265,000. Savant Capital LLC increased its holdings in Brinker International by 4.7% in the fourth quarter. Savant Capital LLC now owns 3,274 shares of the restaurant operator’s stock valued at $433,000 after buying an additional 147 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Brinker International by 20.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,248 shares of the restaurant operator’s stock valued at $562,000 after acquiring an additional 730 shares during the period. Finally, Stephens Inc. AR acquired a new stake in shares of Brinker International in the 4th quarter worth approximately $661,000.

About Brinker International

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.