Brokerage firm JP Morgan Maintains its rating on Brinker International(NYSE:EAT). In a research note issued to the investors, the brokerage major Raises the price-target to $54.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Jun 10, 2016.
In a different note, On Jun 10, 2016, Barclays said it Maintains its rating on Brinker International. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jun 6, 2016, Topeka Capital said it Assumes its rating on Brinker International. The shares have been rated ‘Outperform’ by the firm. Stephens & Co. said it Initiates Coverage on Brinker International, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Equal-weight’ by the firm. On May 26, 2016, Bernstein said it Assumes its rating on Brinker International. The shares have been rated ‘Market Perform’ by the firm. On Apr 20, 2016, BTIG Research said it Downgrades its rating on Brinker International. The shares have been rated ‘Neutral’ by the firm. On Apr 19, 2016, Barclays said it Downgrades its rating on Brinker International. In the research note, the firm Lowers the price-target to $59.00 per share. The shares have been rated ‘Equal-weight’ by the firm.
Brinker International (EAT) shares turned negative on Wednesdays trading session with the shares closing down -0.52 points or -1.12% at a volume of 7,05,789. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.68. The peak price level was also seen at $46.68 while the days lowest was $45.77. Finally the shares closed at $45.8. The 52-week high of the shares is $60.34 while the 52-week low is $43.2. According to the latest information available, the market cap of the company is $2,552 M.
Brinker International(EAT) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $824.64M. Analysts had an estimated revenue of $845.75M. Earnings per share were $1.00. Analysts had estimated an EPS of $0.99.
Several Insider Transactions has been reported to the SEC. On May 5, 2016, Joseph G Taylor (VP, Corp. Affairs & Inv. Rel.) sold 2,500 shares at $46.87 per share price.Also, On Apr 28, 2016, Thomas Jr. Edwards (CFO) purchased 5,500 shares at $45.50 per share price.On Feb 10, 2016, George R Jr Mrkonic (director) sold 5,584 shares at $46.98 per share price, according to the Form-4 filing with the securities and exchange commission.
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 1622 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.