Morgan Stanley analyst John Glass maintained a Hold rating on Brinker International (EAT) today and set a price target of $68.00. The company’s shares closed last Monday at $68.87, close to its 52-week high of $78.33.
According to TipRanks.com, Glass is a 4-star analyst with an average return of 6.7% and a 65.4% success rate. Glass covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and Red Robin Gourmet.
Currently, the analyst consensus on Brinker International is a Moderate Buy with an average price target of $72.69, a 6.1% upside from current levels. In a report issued on April 9, Deutsche Bank also maintained a Hold rating on the stock with a $72.00 price target.
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Brinker International’s market cap is currently $3.11B and has a P/E ratio of -6924.00. The company has a Price to Book ratio of -4.81.
Based on the recent corporate insider activity of 110 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.
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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.
