Jefferies analyst Alexander Slagle initiated coverage with a Buy rating on Brinker International (EAT) today and set a price target of $34.00. The company’s shares closed last Tuesday at $27.65.
According to TipRanks.com, Slagle is a 4-star analyst with an average return of 8.2% and a 59.7% success rate. Slagle covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Del Taco Restaurants.
Currently, the analyst consensus on Brinker International is a Moderate Buy with an average price target of $29.86.
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Brinker International’s market cap is currently $1.24B and has a P/E ratio of 8.30. The company has a Price to Book ratio of -1.49.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EAT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The Chili’s segment includes the results of company-owned Chili’s restaurants in the U.S. and Canada as well as the results from domestic and international franchise business. The Maggiano’s segment comprises the results of company-owned Maggiano’s restaurants. The company was founded by Larry Lavine on March 13, 1975 and is headquartered in Dallas, TX.
