Brinker International, Inc. (NYSE:EAT – Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 5,410,000 shares, an increase of 7.1% from the December 31st total of 5,050,000 shares. Approximately 12.4% of the company’s stock are sold short. Based on an average trading volume of 1,200,000 shares, the short-interest ratio is currently 4.5 days.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Brinker International from $105.00 to $125.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Wells Fargo & Company upped their price objective on Brinker International from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Bank of America lifted their target price on Brinker International from $97.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Bank Of America (Bofa) upped their price target on Brinker International from $94.00 to $97.00 in a research report on Tuesday, October 29th. Finally, Argus raised shares of Brinker International from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Tuesday, December 24th. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.18.
Read Our Latest Report on Brinker International
Institutional Inflows and Outflows
Brinker International Stock Performance
NYSE:EAT traded down $0.60 on Tuesday, hitting $188.55. The company’s stock had a trading volume of 438,581 shares, compared to its average volume of 1,295,160. The company has a current ratio of 0.33, a quick ratio of 0.27 and a debt-to-equity ratio of 4.96. Brinker International has a one year low of $42.99 and a one year high of $192.22. The stock has a fifty day moving average of $140.46 and a two-hundred day moving average of $103.44. The firm has a market capitalization of $8.37 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 0.58 and a beta of 2.54.
Brinker International (NYSE:EAT – Get Free Report) last posted its earnings results on Wednesday, January 29th. The restaurant operator reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $1.43. Brinker International had a return on equity of 879.47% and a net margin of 5.45%. Research analysts predict that Brinker International will post 8.33 earnings per share for the current year.
Brinker International Company Profile
Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.
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