Brinker International (NYSE:EAT) Given New $42.00 Price Target at Loop Capital

Brinker International (NYSE:EAT) had its price target lowered by Loop Capital to $42.00 in a research report sent to investors on Wednesday, The Fly reports. The firm currently has a hold rating on the restaurant operator’s stock.

Several other brokerages have also commented on EAT. Telsey Advisory Group upgraded shares of Brinker International from a market perform rating to an outperform rating and set a $47.00 price objective for the company in a report on Wednesday, June 12th. Deutsche Bank initiated coverage on shares of Brinker International in a report on Friday, June 28th. They issued a hold rating and a $40.00 price objective for the company. Evercore ISI restated a hold rating and issued a $40.00 price objective on shares of Brinker International in a report on Tuesday, August 13th. OTR Global lowered shares of Brinker International to a positive rating in a report on Wednesday, August 7th. Finally, Raymond James restated an outperform rating and issued a $47.00 price objective (down from $50.00) on shares of Brinker International in a report on Wednesday. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Brinker International presently has a consensus rating of Hold and a consensus price target of $44.33.

Brinker International stock opened at $38.46 on Wednesday. The firm has a 50-day moving average of $39.38 and a 200-day moving average of $41.58. The firm has a market cap of $1.39 billion, a P/E ratio of 9.79, a P/E/G ratio of 1.11 and a beta of 0.25. Brinker International has a 1-year low of $36.44 and a 1-year high of $53.61.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Tuesday, August 13th. The restaurant operator reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Brinker International had a net margin of 4.81% and a negative return on equity of 18.81%. The business had revenue of $834.10 million during the quarter, compared to analyst estimates of $834.69 million. During the same period last year, the business posted $1.19 earnings per share. Brinker International’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that Brinker International will post 4.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, September 5th. This represents a $1.52 annualized dividend and a dividend yield of 3.95%. Brinker International’s payout ratio is 38.68%.

Several hedge funds have recently added to or reduced their stakes in EAT. Strategy Asset Managers LLC bought a new stake in shares of Brinker International during the first quarter valued at approximately $79,000. Quantamental Technologies LLC bought a new stake in Brinker International in the 2nd quarter worth approximately $173,000. Janney Montgomery Scott LLC bought a new stake in Brinker International in the 2nd quarter worth approximately $219,000. Nomura Holdings Inc. bought a new stake in Brinker International in the 2nd quarter worth approximately $234,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Brinker International in the 2nd quarter worth approximately $252,000.

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.

See Also: Return on Equity (ROE)

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Analyst Recommendations for Brinker International (NYSE:EAT)

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