Brinker International’s (NYSE:EAT) Market Perform Rating Reiterated at Raymond James Financial, Inc.

Brinker International, Inc. (NYSE:EAT)‘s stock had its “market perform” rating restated by stock analysts at Raymond James Financial, Inc. in a research note issued to investors on Monday.

EAT has been the subject of several other research reports. Barclays PLC cut their target price on Brinker International from $47.00 to $44.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 19th. ValuEngine downgraded Brinker International from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded Brinker International from a “hold” rating to a “strong sell” rating in a research report on Friday. Telsey Advisory Group cut their target price on Brinker International from $49.00 to $40.00 and set a “market perform” rating for the company in a research report on Monday, July 17th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $49.00 target price on shares of Brinker International in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $47.92.

Shares of Brinker International (NYSE:EAT) traded down 1.35% on Monday, reaching $35.73. The company had a trading volume of 770,200 shares. The company’s 50-day moving average is $38.10 and its 200 day moving average is $42.11. The firm has a market capitalization of $1.75 billion, a PE ratio of 11.67 and a beta of 0.27. Brinker International has a 12 month low of $35.61 and a 12 month high of $55.84.

Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, April 25th. The restaurant operator reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.09. The business had revenue of $810.60 million during the quarter, compared to the consensus estimate of $817.50 million. Brinker International had a negative return on equity of 39.89% and a net margin of 5.05%. Brinker International’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $1.00 EPS. Equities analysts forecast that Brinker International will post $3.14 earnings per share for the current year.

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In other Brinker International news, SVP David Roy Doyle sold 7,182 shares of Brinker International stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $44.41, for a total value of $318,952.62. Following the completion of the transaction, the senior vice president now owns 54,074 shares in the company, valued at approximately $2,401,426.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Steve Provost sold 2,750 shares of Brinker International stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $44.06, for a total value of $121,165.00. Following the completion of the transaction, the executive vice president now owns 29,780 shares of the company’s stock, valued at approximately $1,312,106.80. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Kernodle & Katon Asset Management Group LLC boosted its stake in Brinker International by 0.4% in the first quarter. Kernodle & Katon Asset Management Group LLC now owns 4,864 shares of the restaurant operator’s stock valued at $214,000 after buying an additional 17 shares during the period. Eqis Capital Management Inc. boosted its stake in Brinker International by 0.3% in the first quarter. Eqis Capital Management Inc. now owns 6,393 shares of the restaurant operator’s stock valued at $281,000 after buying an additional 18 shares during the period. Creative Planning boosted its stake in Brinker International by 2.7% in the first quarter. Creative Planning now owns 6,843 shares of the restaurant operator’s stock valued at $301,000 after buying an additional 180 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Brinker International by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 19,564 shares of the restaurant operator’s stock valued at $860,000 after buying an additional 200 shares during the period. Finally, State Treasurer State of Michigan boosted its stake in Brinker International by 1.5% in the second quarter. State Treasurer State of Michigan now owns 20,177 shares of the restaurant operator’s stock valued at $769,000 after buying an additional 300 shares during the period.

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.