Brinker International (EAT) Receives a Sell from Wells Fargo

In a report released today, Zachary Fadem from Wells Fargo maintained a Sell rating on Brinker International (EAT – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $46.21.

According to TipRanks, Fadem is a 5-star analyst with an average return of 14.0% and a 64.19% success rate. Fadem covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Lowe’s, and O’Reilly Auto.

The word on The Street in general, suggests a Hold analyst consensus rating for Brinker International with a $47.56 average price target.

EAT market cap is currently $2.04B and has a P/E ratio of 13.52.

Based on the recent corporate insider activity of 56 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 February 2024, Joseph G. Taylor, the EVP & CFO of EAT sold 24,163.00 shares for a total of $1,086,513.86.

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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.