Royal Bank of Canada reaffirmed their hold rating on shares of Brinker International, Inc. (NYSE:EAT) in a report issued on Thursday. They currently have a $49.00 price target on the restaurant operator’s stock.

Several other research analysts have also issued reports on the company. Telsey Advisory Group lowered Brinker International from an outperform rating to a market perform rating and reduced their price target for the stock from $60.00 to $52.00 in a research report on Wednesday, January 4th. Zacks Investment Research upgraded Brinker International from a sell rating to a hold rating in a research report on Tuesday, March 28th. Morgan Stanley lowered Brinker International from an equal weight rating to an underweight rating and set a $47.00 price target on the stock. in a research report on Tuesday, January 17th. Canaccord Genuity restated a hold rating and issued a $43.00 price target on shares of Brinker International in a research report on Friday, February 24th. Finally, Maxim Group reduced their price target on Brinker International from $58.00 to $54.00 and set a buy rating on the stock in a research report on Thursday, January 26th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $52.80.

Analyst Recommendations for Brinker International (NYSE:EAT)

Shares of Brinker International (NYSE:EAT) traded up 1.36% on Thursday, reaching $44.67. The company’s stock had a trading volume of 923,484 shares. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 13.83 and a beta of 0.23. The stock has a 50-day moving average of $42.68 and a 200 day moving average of $47.45. Brinker International has a 52 week low of $40.92 and a 52 week high of $55.84.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, January 25th. The restaurant operator reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $0.04. Brinker International had a negative return on equity of 49.35% and a net margin of 5.49%. The company earned $771 million during the quarter, compared to the consensus estimate of $792.60 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts expect that Brinker International will post $3.10 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by Financial Market News and is the sole property of of Financial Market News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at http://www.financial-market-news.com/brinker-international-inc-eat-given-hold-rating-at-royal-bank-of-canada/1406059/.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Friday, March 10th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, March 8th. This represents a $1.36 annualized dividend and a yield of 3.09%. Brinker International’s dividend payout ratio is presently 42.24%.

In other Brinker International news, EVP Kelli Valade sold 10,500 shares of Brinker International stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $45.81, for a total transaction of $481,005.00. Following the transaction, the executive vice president now directly owns 65,919 shares in the company, valued at $3,019,749.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Harriet Edelman sold 3,218 shares of Brinker International stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $42.45, for a total value of $136,604.10. Following the transaction, the director now owns 22,059 shares in the company, valued at $936,404.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,218 shares of company stock worth $639,039. Corporate insiders own 1.76% of the company’s stock.

Several hedge funds have recently modified their holdings of EAT. BlackRock Fund Advisors raised its stake in shares of Brinker International by 2.7% in the third quarter. BlackRock Fund Advisors now owns 2,029,429 shares of the restaurant operator’s stock worth $102,344,000 after buying an additional 53,958 shares during the period. Boyar Asset Management Inc. purchased a new stake in shares of Brinker International during the third quarter worth approximately $1,879,000. Dynamic Capital Management Ltd purchased a new stake in shares of Brinker International during the third quarter worth approximately $5,145,000. BlackRock Advisors LLC raised its stake in shares of Brinker International by 0.3% in the third quarter. BlackRock Advisors LLC now owns 32,052 shares of the restaurant operator’s stock worth $1,616,000 after buying an additional 82 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Brinker International during the fourth quarter worth approximately $10,618,000.

About Brinker International

Brinker International, Inc is engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. The Company’s Chili’s operates Bar & Grill category of casual dining. Chili’s menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa.

5 Day Chart for NYSE:EAT

Receive News & Ratings for Brinker International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brinker International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.