Brinker International, Inc. (NYSE:EAT) had its price target dropped by investment analysts at Telsey Advisory Group from $49.00 to $40.00 in a report issued on Monday, July 17th, MarketBeat Ratings reports. The brokerage currently has a “market perform” rating on the restaurant operator’s stock. Telsey Advisory Group’s price target would indicate a potential upside of 15.24% from the stock’s previous close.
A number of other brokerages also recently commented on EAT. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating on shares of Brinker International in a research report on Friday, April 21st. Zacks Investment Research raised Brinker International from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. CIBC reissued an “outperform” rating on shares of Brinker International in a research report on Friday, April 21st. BMO Capital Markets reissued a “sell” rating on shares of Brinker International in a research report on Wednesday, April 26th. Finally, Maxim Group reissued a “buy” rating on shares of Brinker International in a research report on Monday, April 10th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $46.54.
Brinker International (EAT) opened at 34.71 on Monday. Brinker International has a 1-year low of $34.19 and a 1-year high of $55.84. The company’s 50-day moving average price is $37.21 and its 200 day moving average price is $41.61. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 11.34 and a beta of 0.25.
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In related news, EVP Steve Provost sold 2,750 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was 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 directly owns 29,780 shares of the company’s stock, valued at approximately $1,312,106.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.76% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Kernodle & Katon Asset Management Group LLC raised its position in shares of 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 worth $214,000 after buying an additional 17 shares during the last quarter. Eqis Capital Management Inc. raised its position in shares of Brinker International by 0.3% in the first quarter. Eqis Capital Management Inc. now owns 6,393 shares of the restaurant operator’s stock worth $281,000 after buying an additional 18 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Brinker International by 1.3% in the second quarter. Wedge Capital Management L L P NC now owns 10,275 shares of the restaurant operator’s stock worth $391,000 after buying an additional 135 shares during the last quarter. Creative Planning raised its position in shares of Brinker International by 2.7% in the first quarter. Creative Planning now owns 6,843 shares of the restaurant operator’s stock worth $301,000 after buying an additional 180 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of 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 worth $860,000 after buying an additional 200 shares during the last quarter.
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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