Barclays analyst Jeff Bernstein maintained a Hold rating on Brinker International (EAT) today and set a price target of $48. The company’s shares closed yesterday at $53.02, close to its 52-week high of $54.14.
According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 8.5% and a 70.6% success rate. Bernstein covers the Services sector, focusing on stocks such as Jack In The Box Inc, Cheesecake Factory, and BJ’s Restaurants.
The word on The Street in general, suggests a Hold analyst consensus rating for Brinker International with a $48.57 average price target.
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Based on Brinker International’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $26.4 million. In comparison, last year the company had a net profit of $9.88 million.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Joseph G. Taylor, the SVP & CFO of EAT sold 4,000 shares for a total of $202,760.
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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.
