Brinker International (EAT) Receives Hold Rating from Canaccord Genuity

Brinker International (NYSE:EAT)‘s stock had its “hold” rating reiterated by equities research analysts at Canaccord Genuity in a research report issued on Friday. They presently have a $43.00 target price on the restaurant operator’s stock. Canaccord Genuity’s price objective would indicate a potential upside of 8.83% from the stock’s current price.

EAT has been the subject of a number of other research reports. Barclays reiterated an “equal weight” rating and issued a $41.00 price target (up previously from $37.00) on shares of Brinker International in a research report on Tuesday, January 16th. Zacks Investment Research lowered Brinker International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. ValuEngine lowered Brinker International from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Royal Bank of Canada reiterated a “hold” rating and issued a $40.00 price target on shares of Brinker International in a research report on Wednesday, January 31st. Finally, Maxim Group reiterated a “buy” rating and issued a $52.00 price target (up previously from $49.00) on shares of Brinker International in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $41.25.

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NYSE:EAT opened at $39.51 on Friday. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.43 and a quick ratio of 0.38. Brinker International has a 1-year low of $29.50 and a 1-year high of $45.81. The firm has a market capitalization of $1,823.30, a P/E ratio of 12.35, a P/E/G ratio of 1.05 and a beta of 0.06.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Tuesday, January 30th. The restaurant operator reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. Brinker International had a negative return on equity of 30.98% and a net margin of 4.10%. The business had revenue of $766.40 million during the quarter, compared to analyst estimates of $773.84 million. During the same quarter last year, the company posted $0.71 EPS. Brinker International’s revenue for the quarter was down .6% on a year-over-year basis. research analysts expect that Brinker International will post 3.44 EPS for the current fiscal year.

In other Brinker International news, VP Michaela M. Ware sold 830 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $34.08, for a total transaction of $28,286.40. Following the completion of the sale, the vice president now directly owns 8,181 shares in the company, valued at approximately $278,808.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.91% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in EAT. Russell Investments Group Ltd. lifted its holdings in shares of Brinker International by 235.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 72,064 shares of the restaurant operator’s stock valued at $2,297,000 after buying an additional 50,599 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Brinker International by 11.4% during the 3rd quarter. Legal & General Group Plc now owns 66,922 shares of the restaurant operator’s stock valued at $2,137,000 after buying an additional 6,841 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Brinker International by 10.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,323,378 shares of the restaurant operator’s stock valued at $42,164,000 after buying an additional 125,326 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Brinker International during the 3rd quarter valued at about $422,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Brinker International during the 3rd quarter valued at about $428,000.

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About Brinker International

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name.

Analyst Recommendations for Brinker International (NYSE:EAT)

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