Maxim Group analyst Stephen Anderson maintained a Buy rating on Brinker International (NYSE: EAT) today and set a price target of $55. The company’s shares closed yesterday at $43.62.
Anderson commented:
“Brinker International (EAT) reported pro forma F1Q19 (September) pro forma EPS of $0.47, which beat the $0.45 Street mean, but were below our $0.48 estimate.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 13.2% and a 70.0% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Brinker International has an analyst consensus of Moderate Buy, with a price target consensus of $49.17.
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Based on Brinker International’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $43.72 million. In comparison, last year the company had a net profit of $9.88 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock.
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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.
