Brinker International, Inc. (NYSE:EAT) has been assigned a $36.00 price target by investment analysts at BMO Capital Markets in a research report issued to clients and investors on Saturday. The firm currently has a “hold” rating on the restaurant operator’s stock. BMO Capital Markets’ price target would suggest a potential upside of 1.93% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Brinker International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. J P Morgan Chase & Co cut shares of Brinker International from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $48.00 to $44.00 in a research report on Thursday, June 15th. ValuEngine cut shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada reiterated a “hold” rating and set a $49.00 price target on shares of Brinker International in a research report on Thursday, April 20th. Finally, Maxim Group reissued a “buy” rating and set a $54.00 price objective on shares of Brinker International in a research note on Thursday, June 15th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. Brinker International presently has an average rating of “Hold” and an average price target of $45.67.

Shares of Brinker International (EAT) opened at 35.32 on Friday. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 12.01 and a beta of 0.25. Brinker International has a 1-year low of $33.41 and a 1-year high of $55.84. The company’s 50-day moving average is $36.42 and its 200 day moving average is $41.04.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.09 EPS for the quarter, topping the consensus estimate of $1.04 by $0.05. Brinker International had a net margin of 4.79% and a negative return on equity of 31.46%. The company had revenue of $810.66 million during the quarter, compared to analysts’ expectations of $809.94 million. During the same quarter in the previous year, the company earned $1.24 EPS. Brinker International’s revenue was down 8.1% on a year-over-year basis. On average, analysts expect that Brinker International will post $3.22 EPS for the current fiscal year.

Brinker International declared that its Board of Directors has authorized a share buyback plan on Thursday, August 10th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to buy up to 14.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Brinker International by 5.9% in the second quarter. Vanguard Group Inc. now owns 5,874,194 shares of the restaurant operator’s stock worth $223,806,000 after buying an additional 329,577 shares in the last quarter. BlackRock Inc. raised its stake in shares of Brinker International by 27.8% in the second quarter. BlackRock Inc. now owns 5,080,271 shares of the restaurant operator’s stock worth $193,557,000 after buying an additional 1,104,999 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Brinker International by 33.8% in the first quarter. Alliancebernstein L.P. now owns 2,236,357 shares of the restaurant operator’s stock worth $98,310,000 after buying an additional 565,294 shares in the last quarter. Cooke & Bieler LP raised its stake in shares of Brinker International by 4.4% in the second quarter. Cooke & Bieler LP now owns 1,522,933 shares of the restaurant operator’s stock worth $58,024,000 after buying an additional 64,780 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Brinker International by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,198,052 shares of the restaurant operator’s stock worth $45,647,000 after buying an additional 9,729 shares in the last quarter.

About Brinker International

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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