In a report released yesterday, Stephen Anderson from Maxim Group maintained a Buy rating on Brinker International (EAT), with a price target of $58. The company’s shares closed last Monday at $38.64, close to its 52-week low of $36.82.
Anderson wrote:
“Brinker International (EAT) reported pro forma F4Q19 (June) pro forma EPS of $1.36, above the $1.34 Street mean, but below our $1.39 estimate as the diluted share count increased for the first time in nine years.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 6.6% and a 58.5% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brinker International with a $46.29 average price target.
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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 $49.8 million. In comparison, last year the company had a net profit of $43.72 million.
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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.
