Stifel Nicolaus analyst Chris O`Cull reiterated a Buy rating on Brinker International (EAT – Research Report) today and set a price target of $50.00. The company’s shares closed last Friday at $45.27.
According to TipRanks, O`Cull is a 5-star analyst with an average return of 10.8% and a 58.88% success rate. O`Cull covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, Jack In The Box, and Brinker International.
The word on The Street in general, suggests a Hold analyst consensus rating for Brinker International with a $45.00 average price target, representing a -0.60% downside. In a report released on February 1, BMO Capital also assigned a Buy rating to the stock with a $55.00 price target.
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The company has a one-year high of $46.11 and a one-year low of $28.23. Currently, Brinker International has an average volume of 1.21M.
Based on the recent corporate insider activity of 58 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. Most recently, in December 2023, Douglas N. Comings, the SVP & COO, Chili’s of EAT sold 14,951.00 shares for a total of $609,402.76.
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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 $55 from $52 at BMO Capital
- Brinker price target raised to $46 from $43 at RBC Capital
- Brinker price target raised to $45 from $39 at Barclays
- Brinker price target raised to $45 from $43 at Wedbush
- Brinker raises FY24 EPS view to $3.45-$3.70 from $3.35-$3.65, consensus $3.54
