In a report released yesterday, Christopher O`Cull from Stifel Nicolaus downgraded Brinker International (EAT – Research Report) to Hold, with a price target of $55.00. The company’s shares closed last Friday at $54.80.
According to TipRanks.com, O`Cull is a 5-star analyst with an average return of 20.9% and a 73.3% success rate. O`Cull covers the Services sector, focusing on stocks such as Restaurant Brands International, Dave & Busters Entertainment, and Papa John’s International.
Brinker International has an analyst consensus of Moderate Buy, with a price target consensus of $67.16, representing a 25.1% upside. In a report issued on August 19, Barclays also maintained a Hold rating on the stock with a $60.00 price target.
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Brinker International’s market cap is currently $2.51B and has a P/E ratio of 19.60. The company has a Price to Book ratio of -8.27.
Based on the recent corporate insider activity of 120 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EAT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Brinker International, Inc. engages in owning, developing, and franchising Chili’s Grill and Bar and Maggiano’s Little Italy restaurant brands. It operates through the following segments: Chili’s, and Maggiano’s. The Chili’s segment includes the results of company-owned Chili’s restaurants in the U.S. and Canada as well as the results from domestic and international franchise business. The Maggiano’s segment comprises the results of company-owned Maggiano’s restaurants. The company was founded by Larry Lavine on March 13, 1975 and is headquartered in Dallas, TX.
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