Analyst Price Target Update on Brinker International (NYSE:EAT)

Brinker International (NYSE:EAT) shares are expected to touch $51.1 in the short term. This short term price target has been shared by 10 analysts. However, the standard deviation of short term price estimate has been valued at 5.95. The target price could hit $66 on the higher end and $45 on the lower end.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Barclays maintains its rating on Brinker International (NYSE:EAT). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Barclays raises the price target from $47 per share to $48 per share. The rating by the firm was issued on June 10, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The officer (VP, Corp. Affairs & Inv. Rel.) of Brinker International Inc, Taylor Joseph G sold 2,500 shares at $46.87 on May 3, 2016. The Insider selling transaction had a total value worth of $117,175. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Brinker International (NYSE:EAT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.19% at $46.3 with 1,303,566 shares getting traded. Post opening the session at $45.82, the shares hit an intraday low of $45.63 and an intraday high of $46.765 and the price was in this range throughout the day. The company has a market cap of $2,579 million and the number of outstanding shares have been calculated to be 55,711,827 shares. The 52-week high of Brinker International (NYSE:EAT) is $60.34 and the 52-week low is $43.2.

Brinker International, Inc. (Brinker) owns, develops, operates and franchises the Chilis Grill & Bar (Chilis) and Maggianos Little Italy (Maggianos) restaurant brands. At September 24, 2014, the Company owned, operated or franchised 1,622 restaurants in the United States and 29 countries and two territories outside of the United States. Chilis operates in the Bar and Grill category of casual dining. The Company has operations around the world, with locations in 32 foreign countries and two United States territories. Maggianos is a full-service, casual dining Italian restaurant brand. Its Maggianos restaurants feature individual and family-style menus, and its restaurants also have banquet facilities designed to host party business or social events.

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