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Fly News Breaks for August 16, 2019
EAT
Aug 16, 2019 | 07:08 EDT
Stephens analyst Will Slabaugh upgraded Brinker to Overweight from Equal Weight, telling investors that he believes the risk/reward has become "too attractive to ignore." Chili's has consistently outpaced the industry in recent quarters and while the market has remained skeptical about the brand continuing this trend, Slabaugh said he's becoming comfortable that Chili's recent sales drivers can help sustain above-industry results. He maintains a $45 price target on Brinker shares.
News For EAT From the Last 2 Days
EAT
Apr 22, 2024 | 08:44 EDT
Raymond James raised the firm's price target on Brinker (EAT) to $54 from $50 and keeps a Strong Buy rating on the shares. The firm maintains a selective stance towards its restaurant coverage universe as industry sales have underwhelmed in recent months, causing Raymond James to increasingly favor stocks it view as having "idiosyncratic factors trading at attractive valuations," such as Brinker, Shake Shack (SHAK), First Watch (FWRG) and Bloomin' Brands (BLMN), the analyst tells investors in a group earnings preview note.
