Brinker International, Inc. (NYSE:EAT) Given Average Recommendation of “Hold” by Analysts

Shares of Brinker International, Inc. (NYSE:EAT) have earned an average rating of “Hold” from the twenty ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $44.33.

Several research firms have issued reports on EAT. Telsey Advisory Group restated a “market perform” rating and set a $4.00 target price (down previously from $5.00) on shares of Chico’s FAS in a research report on Wednesday, June 12th. Maxim Group restated a “buy” rating and set a $58.00 target price on shares of Brinker International in a research report on Tuesday, April 30th. Evercore ISI started coverage on shares of Mondelez International in a report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price target on the stock. UBS Group decreased their price target on shares of PVH from $159.00 to $144.00 and set a “buy” rating on the stock in a report on Monday, June 3rd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of in a report on Friday, June 28th.

In other news, EVP Kelly C. Baltes bought 800 shares of Brinker International stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $42.05 per share, with a total value of $33,640.00. Following the completion of the purchase, the executive vice president now directly owns 13,134 shares in the company, valued at $552,284.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.72% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EAT. Great West Life Assurance Co. Can increased its stake in Brinker International by 2.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 24,408 shares of the restaurant operator’s stock valued at $996,000 after acquiring an additional 478 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Brinker International by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,326,114 shares of the restaurant operator’s stock valued at $58,322,000 after buying an additional 16,133 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Brinker International by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 466,930 shares of the restaurant operator’s stock valued at $20,535,000 after buying an additional 7,495 shares during the last quarter. Mackay Shields LLC bought a new position in shares of Brinker International during the fourth quarter valued at about $1,416,000. Finally, Stone Ridge Asset Management LLC grew its stake in shares of Brinker International by 3.3% during the fourth quarter. Stone Ridge Asset Management LLC now owns 16,015 shares of the restaurant operator’s stock valued at $704,000 after buying an additional 515 shares during the last quarter.

Shares of NYSE:EAT traded up $0.32 during trading on Friday, hitting $38.70. 859,092 shares of the company were exchanged, compared to its average volume of 1,042,291. The firm has a market cap of $1.45 billion, a P/E ratio of 11.06, a PEG ratio of 1.16 and a beta of 0.28. The firm’s 50 day moving average is $38.78. Brinker International has a 52-week low of $36.82 and a 52-week high of $53.61.

Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, April 30th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.06. The firm had revenue of $839.30 million for the quarter, compared to the consensus estimate of $831.16 million. Brinker International had a negative return on equity of 19.10% and a net margin of 4.75%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 earnings per share. On average, sell-side analysts forecast that Brinker International will post 3.92 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Friday, June 7th were paid a $0.38 dividend. The ex-dividend date was Thursday, June 6th. This represents a $1.52 dividend on an annualized basis and a yield of 3.93%. Brinker International’s dividend payout ratio is presently 43.43%.

About Brinker International

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.

Further Reading: What is meant by a buy rating?

Analyst Recommendations for Brinker International (NYSE:EAT)

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