Brinker International, Inc. (NYSE:EAT) has earned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $45.53.

A number of research firms have recently weighed in on EAT. Barclays cut their target price on Brinker International from $50.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday, November 29th. BMO Capital Markets set a $43.00 target price on Brinker International and gave the company a “hold” rating in a research report on Tuesday, August 14th. Wells Fargo & Co upped their target price on Brinker International from $42.00 to $43.00 and gave the company a “market perform” rating in a research report on Monday, August 13th. Maxim Group reiterated a “buy” rating and set a $55.00 target price on shares of Brinker International in a research report on Tuesday, October 30th. Finally, TheStreet downgraded Brinker International from a “b-” rating to a “c” rating in a research report on Wednesday, August 15th.

In related news, SVP Wade Allen sold 1,998 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $45.13, for a total transaction of $90,169.74. Following the completion of the sale, the senior vice president now directly owns 8,479 shares in the company, valued at approximately $382,657.27. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Michaela M. Ware sold 2,078 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $48.61, for a total value of $101,011.58. Following the sale, the vice president now owns 11,633 shares of the company’s stock, valued at $565,480.13. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,539 shares of company stock valued at $2,692,195. 2.72% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in EAT. Stratos Wealth Partners LTD. bought a new stake in shares of Brinker International during the 3rd quarter worth $138,000. Sei Investments Co. lifted its position in shares of Brinker International by 913.2% during the 2nd quarter. Sei Investments Co. now owns 3,597 shares of the restaurant operator’s stock worth $171,000 after buying an additional 3,242 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Brinker International during the 2nd quarter worth $199,000. Ausdal Financial Partners Inc. bought a new stake in shares of Brinker International during the 2nd quarter worth $211,000. Finally, Ifrah Financial Services Inc. bought a new stake in shares of Brinker International during the 2nd quarter worth $215,000.

Shares of NYSE:EAT traded up $0.49 during trading on Thursday, reaching $50.28. 1,602,800 shares of the company traded hands, compared to its average volume of 1,337,830. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 1.50 and a beta of 0.02. Brinker International has a 52 week low of $32.03 and a 52 week high of $54.14.

Brinker International (NYSE:EAT) last released its earnings results on Tuesday, October 30th. The restaurant operator reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $753.80 million during the quarter, compared to the consensus estimate of $756.40 million. Brinker International had a negative return on equity of 23.89% and a net margin of 4.52%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. On average, analysts expect that Brinker International will post 3.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Friday, December 7th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 3.02%. Brinker International’s dividend payout ratio is currently 43.43%.

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.

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Analyst Recommendations for Brinker International (NYSE:EAT)

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