Brinker International, Inc. (NYSE:EAT)‘s stock had its “sector perform” rating reiterated by equities research analysts at Royal Bank Of Canada in a research note issued on Wednesday. They presently have a $40.00 price objective on the restaurant operator’s stock, down from their previous price objective of $49.00. Royal Bank Of Canada’s price objective suggests a potential upside of 14.51% from the company’s previous close.

A number of other equities research analysts have also recently commented on EAT. Maxim Group restated a “buy” rating and set a $49.00 target price (down from $54.00) on shares of Brinker International in a research report on Wednesday. ValuEngine upgraded Brinker International from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Sanford C. Bernstein restated a “market perform” rating and set a $50.00 target price on shares of Brinker International in a research report on Tuesday, July 25th. Barclays PLC dropped their target price on Brinker International from $47.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 19th. Finally, Stephens restated an “equal weight” rating and set a $52.00 target price on shares of Brinker International in a research report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.54.

Shares of Brinker International (NYSE EAT) opened at 34.93 on Wednesday. The stock has a market capitalization of $1.71 billion, a P/E ratio of 11.41 and a beta of 0.25. The company has a 50 day moving average price of $36.81 and a 200-day moving average price of $41.46. Brinker International has a 52-week low of $34.18 and a 52-week high of $55.84.

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In other Brinker International news, EVP Steve Provost sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $44.06, for a total value of $121,165.00. Following the transaction, the executive vice president now directly owns 29,780 shares of the company’s stock, valued at approximately $1,312,106.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.76% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its position in Brinker International by 64.8% in the first quarter. Canada Pension Plan Investment Board now owns 498,600 shares of the restaurant operator’s stock worth $21,918,000 after buying an additional 196,000 shares during the period. Oregon Public Employees Retirement Fund raised its position in Brinker International by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 19,564 shares of the restaurant operator’s stock worth $860,000 after buying an additional 200 shares during the period. First Mercantile Trust Co. raised its position in Brinker International by 28.8% in the first quarter. First Mercantile Trust Co. now owns 7,340 shares of the restaurant operator’s stock worth $323,000 after buying an additional 1,640 shares during the period. Glen Harbor Capital Management LLC raised its position in Brinker International by 10.6% in the first quarter. Glen Harbor Capital Management LLC now owns 133,960 shares of the restaurant operator’s stock worth $5,889,000 after buying an additional 12,818 shares during the period. Finally, Sit Investment Associates Inc. raised its position in Brinker International by 41.5% in the first quarter. Sit Investment Associates Inc. now owns 25,650 shares of the restaurant operator’s stock worth $1,128,000 after buying an additional 7,525 shares during the period.

Brinker International Company Profile

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.

Analyst Recommendations for Brinker International (NYSE:EAT)

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