Brinker International Gets a Hold from RBC Capital

By Ryan Adsit

RBC Capital analyst David Palmer reiterated a Hold rating on Brinker International (NYSE: EAT) today and set a price target of $49. The company’s shares opened today at $43.56.

According to TipRanks.com, Palmer is a top 100 analyst with an average return of 11.0% and a 77.8% success rate. Palmer covers the Services sector, focusing on stocks such as Restaurant Brands International, McDonald’s Corp, and Texas Roadhouse.

Currently, the analyst consensus on Brinker International is Hold and the average price target is $47, representing a 7.9% upside.

In a report issued on April 5, Canaccord Genuity also reiterated a Hold rating on the stock with a $43 price target.

Based on Brinker International’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $771 million and quarterly net profit of $34.64 million. In comparison, last year the company earned revenue of $825 million and had a net profit of $57.5 million.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock. Last month, Harriet Edelman, a Director at EAT sold 3,218 shares for a total of $136,604.

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. operates as a casual dining restaurant company. It owns, develops, operates, and franchises the Chili’s Grill & Bar and Maggiano’s Little Italy restaurant brands. The company was founded by Larry Lavine on March 13, 1975 and is headquartered in Dallas, TX.