Jefferies Reaffirms Their Hold Rating on Brinker International (EAT)

In a report released today, from Jefferies maintained a Hold rating on Brinker International, with a price target of $144.00. The company’s shares closed last Friday at $124.86.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brinker International with a $180.09 average price target.

Based on Brinker International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.46 billion and a net profit of $107 million. In comparison, last year the company earned a revenue of $1.12 billion and had a net profit of $48.7 million

Based on the recent corporate insider activity of 116 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. Last month, Douglas N. Comings, the SVP & COO, Chili’s of EAT sold 18,631.00 shares for a total of $2,917,615.23.