Brinker International (NYSE:EAT) Given New $260.00 Price Target at UBS Group

Brinker International (NYSE:EAT) had its price target lifted by research analysts at UBS Group from $190.00 to $260.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. UBS Group’s price target points to a potential upside of 14.47% from the company’s current price.

Other research analysts have also issued research reports about the stock. Stephens began coverage on shares of Brinker International in a report on Friday, July 17th. They set an “overweight” rating and a $220.00 price target for the company. Weiss Ratings raised shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. TD Cowen upped their price target on shares of Brinker International from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Morgan Stanley lifted their price objective on Brinker International from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Citigroup upped their target price on Brinker International from $189.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $196.75.

Brinker International Trading Up 0.9%

Shares of EAT traded up $1.92 during mid-day trading on Monday, reaching $227.12. 678,925 shares of the company were exchanged, compared to its average volume of 1,157,044. Brinker International has a 52 week low of $100.30 and a 52 week high of $229.99. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.35 and a current ratio of 0.40. The stock has a market capitalization of $9.74 billion, a PE ratio of 22.32, a PEG ratio of 1.34 and a beta of 1.23. The business has a 50 day simple moving average of $177.52 and a two-hundred day simple moving average of $158.17.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EAT. UBS Group AG lifted its position in Brinker International by 103.2% in the 4th quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock valued at $427,066,000 after acquiring an additional 1,511,266 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Brinker International by 667.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after purchasing an additional 993,435 shares during the period. Norges Bank purchased a new position in shares of Brinker International in the 4th quarter worth about $83,603,000. Capital World Investors grew its position in Brinker International by 96.5% during the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after buying an additional 558,799 shares during the period. Finally, Samlyn Capital LLC grew its position in Brinker International by 104.9% during the third quarter. Samlyn Capital LLC now owns 878,584 shares of the restaurant operator’s stock valued at $111,299,000 after buying an additional 449,871 shares during the period.

About Brinker International

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.