A number of research firms have changed their ratings and price targets for Brinker International (NYSE: EAT):

  • 8/3/2017 – Brinker International had its price target lowered by analysts at Royal Bank Of Canada from $49.00 to $40.00. They now have a “sector perform” rating on the stock.
  • 8/3/2017 – Brinker International had its price target lowered by analysts at Maxim Group from $54.00 to $49.00. They now have a “buy” rating on the stock.
  • 7/28/2017 – Brinker International was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/27/2017 – Brinker International was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/25/2017 – Brinker International had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $50.00 price target on the stock.
  • 7/24/2017 – Brinker International had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 7/21/2017 – Brinker International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Brinker’s shares underperformed the industry year to date. Notably, Brinker’s revenues missed the Zacks Consensus Estimate in eight of the trailing nine quarters, mainly due to traffic decline at its restaurants. The company has a mixed record of earnings surprises in recent quarters. Meanwhile, estimates have been going down ahead of its fiscal Q4 earnings release. A slowdown in some of the international markets and overall choppiness in the restaurant space might keep on pressurizing comps in the coming quarters. Nevertheless, the company’s expansion strategies, sales building initiatives along with various operational, remodeling and digital initiatives are expected to drive growth. Yet, higher labor and costs related to initiatives might continue to hurt margins in the near term. Brinker’s presence in energy-exposed markets may also continue to hurt traffic.”
  • 7/19/2017 – Brinker International had its price target lowered by analysts at Barclays PLC from $47.00 to $44.00. They now have an “equal weight” rating on the stock.
  • 7/17/2017 – Brinker International had its price target lowered by analysts at Telsey Advisory Group from $49.00 to $40.00. They now have a “market perform” rating on the stock.
  • 7/4/2017 – Brinker International had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $47.00 price target on the stock.
  • 6/27/2017 – Brinker International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Brinker International’s shares have underperformed the Zacks categorized Retail-Restaurants industry year to date. Notably, Brinker’s revenues missed the Zacks Consensus Estimate in eight of the trailing nine quarters, mainly due to traffic decline at its restaurants. The company’s presence in energy-exposed markets, where the economy is currently sluggish due to the persistent decline in oil prices, may continue to hurt traffic. Nevertheless, the company’s aggressive expansion strategies, sales building initiatives should boost comps. Also, various operational, remodeling and digital initiatives are expected to drive growth. Yet, higher labor and costs related to initiatives might continue to hurt margins in the near term. Additionally, a slowdown in some of the international markets that the company operates in and overall choppiness in the restaurant space might also keep on pressurizing comps in the coming quarters.”
  • 6/22/2017 – Brinker International was upgraded by analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating. They now have a $40.00 price target on the stock.
  • 6/15/2017 – Brinker International was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating. They now have a $44.00 price target on the stock, down previously from $48.00.
  • 6/15/2017 – Brinker International had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $54.00 price target on the stock. They wrote, “We maintain our Buy rating and $54 price target on Brinker International (EAT) following our conference call with Interim CFO Joe Taylor on Tuesday, June 13.””

Brinker International, Inc. (EAT) opened at 35.68 on Tuesday. Brinker International, Inc. has a 1-year low of $34.18 and a 1-year high of $55.84. The company has a 50 day moving average of $37.21 and a 200 day moving average of $41.61. The firm has a market capitalization of $1.75 billion, a PE ratio of 11.65 and a beta of 0.25.

In other Brinker International news, EVP Steve Provost sold 2,750 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 29,780 shares of the company’s stock, valued at $1,312,106.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.76% of the stock is currently owned by company insiders.

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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