In a report released today, Stephen Anderson from Maxim Group reiterated a Buy rating on Brinker International (NYSE: EAT), with a price target of $55. The company’s shares opened today at $44.62.
Anderson observed:
“We reiterate our Buy rating and $55 price target on Brinker International (EAT) ahead of the release of F4Q18 (June) results on Tuesday, August 14 before the open.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 14.2% and a 73.4% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Currently, the analyst consensus on Brinker International is a Moderate Buy with an average price target of $52.50.
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Based on Brinker International’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $46.92 million. In comparison, last year the company had a net profit of $50.58 million.
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Brinker International, Inc. is a casual dining restaurant company, which 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.
