Brinker International (NYSE:EAT) : The consensus on Brinker International (NYSE:EAT) based on 17 analyst recommendation on the company stock is 2.59, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Brinker International (NYSE:EAT).
Brinker International (NYSE:EAT) : Currently there are 11 street experts covering Brinker International (NYSE:EAT) stock. The most bullish and bearish price target for the stock is $66 and $45 respectively for the short term. The average price target of all the analysts comes to $51.46. The estimated standard deviation from the target is $5.65.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Brinker International (NYSE:EAT). The current rating of the shares is Equalweight, according to the research report released by the firm. The brokerage firm raises the price target from $47 per share to $48 per share. The rating by the firm was issued on June 10, 2016.
Brinker International (NYSE:EAT): stock turned positive on Tuesday. Though the stock opened at $45.17, the bulls momentum made the stock top out at $45.93 level for the day. The stock recorded a low of $44.99 and closed the trading day at $45.1, in the green by 0.27%. The total traded volume for the day was 1,183,264. The stock had closed at $44.98 in the previous days trading.
In an insider trading activity, Taylor Joseph G, officer (VP, Corp. Affairs & Inv. Rel.) of Brinker International Inc, unloaded 2,500 shares at an average price of $46.87 on May 3, 2016. The total amount of the transaction was worth $117,175, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.