Brinker (NYSE:EAT) Rating Reiterated
The firm have set TP of $37.0 on Brinker (NYSE:EAT) shares. This is 12.63 % from the last price. In an analyst note revealed on Thursday morning, RBC Capital reconfirmed their “Sector Perform” rating on shares of EAT.
Out of 13 brokers covering Brinker, 5 rate it a Buy, 15 indicate a Hold while 1 suggest a Sell. The highest target is $57 and the lowest is $45 according to Thomson/First Call. The 12-month mean target is $49.69, which means upside potential of 53.36% over the current price.
Reinhart Partners Inc. had the largest stake with ownership of 463,813 shares as of Q2 2015 for 2.32% of the US long stock exposure. Cubic Asset Management Llc is another quite bullish fund who is having 138,610 shares of Brinker or 2.26% of their US long stock exposure. In addition, Hillcrest Asset Management Llc have 1.82% of their US long stock exposure invested in the company for 159,349 shares. The New York-based fund Boyar Asset Management Inc. revealed it had purchased a stake worth about 1.48% of the fund’s stock portfolio in Brinker. The Pennsylvania-based fund Cooke & Bieler Lp is also positive about the stock, possessing 37,264 shares or 1.44% of their US long stock exposure.
Brinker (NYSE:EAT) Profile
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.
Brinker (NYSE:EAT) traded down -1.37% on 19 October, hitting $32.4. A total of 955,792 shares of the company’s stock traded hands. This is down from average of 1.54 million shares. Brinker has a 52 week low of $29.50 and a 52 week high of $55.84. The company has a market cap of $1.57 billion and a P/E ratio of 10.86.
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