Telsey Advisory reported on (NYSE:EAT) Brinker, stepping up its stock price target to $60 earlier today

August 12, 2016

Finance News

Telsey Advisory bumped the estimated target of Brinker (NYSE:EAT) to $60, indicating a possible upside of 0.14%,

On Friday August 12 2016, RBC Capital released a statement about Brinker(NYSE:EAT) suggesting “Sector Perform” with a target price of $55. At the time, this indicated a possible upside of 0.04%.

Only yesterday Brinker (NYSE:EAT) traded 1.19% higher at $52.72. The company’s 50-day average is $47.11 and its 200-day moving average is $46.88. The last stock price is up 13.81% from the two hundred day average, compared with the Standard & Poor’s 500 Index which has fallen 0.00% over the same period. 2,902,056 shares of Brinker exchanged hands, up from an average volume of 1,261,500.

Performance Graph:

Brinker (NYSE:EAT)

With a market capitalization of $3.0B, Brinker has a one-year low of $43.20 and a 52 week high of $56.75 with a price-earnings ratio of 16.

A total of 13 brokers have issued a report on the stock. One firm rate the company a strong buy, four analysts rate the stock a buy, 15 firms rate the stock a hold, one firm rate the stock to underperform, and lastly zero brokeragesrate the company as sell with a 12-month target of $49.69

General Information About Brinker (NYSE:EAT)

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. Maggiano’s is a full-service, casual dining Italian restaurant brand. Its Maggiano’s restaurants feature individual and family-style menus, and its restaurants also has banquet facilities designed to host party business or social events. The Company owns, operates or franchises restaurants, which include approximately 1, 650 restaurants in the United States, and over 30 countries and approximately two territories outside of the United States.

Comments are closed.