In a report released on January 25, Christopher Carril from RBC Capital maintained a Hold rating on Brinker International (EAT – Research Report), with a price target of $43.00. The company’s shares closed yesterday at $39.41.
Carril covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Brinker International, and Chipotle. According to TipRanks, Carril has an average return of 9.4% and a 67.25% success rate on recommended stocks.
In addition to RBC Capital, Brinker International also received a Hold from Barclays’s Jeff Bernstein in a report issued yesterday. However, on January 23, J.P. Morgan maintained a Buy rating on Brinker International (NYSE: EAT).
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EAT market cap is currently $1.76B and has a P/E ratio of 12.85.
Based on the recent corporate insider activity of 60 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 14,951.00 shares for a total of $609,402.76.
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 (EAT) Company Description:
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.
Read More on EAT:
- Brinker price target raised to $44 from $38 at JPMorgan
- JPMorgan downgrades Bloomin and Cheesecake Factory, upgrades Texas Roadhouse
- Brinker price target raised to $42 from $36 at Piper Sandler
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