Stifel Nicolaus analyst Christopher O`Cull reiterated a Hold rating on Brinker International (EAT) yesterday and set a price target of $57. The company’s shares opened today at $50.19.
According to TipRanks.com, O`Cull is a 5-star analyst with an average return of 11.1% and a 70.0% success rate. O`Cull covers the Services sector, focusing on stocks such as Papa John’s International, Jack In The Box Inc, and Red Robin Gourmet.
The word on The Street in general, suggests a Hold analyst consensus rating for Brinker International with a $48.57 average price target, representing a -3.2% downside. In a report issued on November 29, Barclays also maintained a Hold rating on the stock with a $48 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 49 insiders, corporate insider sentiment is negative on the stock. Last 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.