Brinker International, Inc. (NYSE:EAT – Get Free Report) shares were down 3.2% during trading on Friday after Piper Sandler lowered their price target on the stock from $40.00 to $35.00. Piper Sandler currently has a neutral rating on the stock. Brinker International traded as low as $30.63 and last traded at $30.70. Approximately 209,563 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 1,009,274 shares. The stock had previously closed at $31.72.
Several other research analysts have also issued reports on the company. Royal Bank of Canada boosted their target price on Brinker International from $40.00 to $41.00 in a research report on Wednesday, July 12th. JPMorgan Chase & Co. dropped their target price on Brinker International from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, August 17th. Wedbush restated a “neutral” rating and set a $37.00 target price on shares of Brinker International in a research report on Thursday, August 17th. StockNews.com began coverage on Brinker International in a research report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Citigroup dropped their target price on Brinker International from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $37.57.
Check Out Our Latest Analysis on Brinker International
Hedge Funds Weigh In On Brinker International
Brinker International Stock Down 4.9 %
The company has a market cap of $1.35 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.21 and a beta of 2.38. The business’s 50 day moving average is $35.04 and its 200 day moving average is $36.56.
Brinker International (NYSE:EAT – Get Free Report) last issued its quarterly earnings data on Wednesday, August 16th. The restaurant operator reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.09. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Brinker International had a net margin of 2.48% and a negative return on equity of 55.47%. Brinker International’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. As a group, equities research analysts forecast that Brinker International, Inc. will post 3.35 EPS for the current year.
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.
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