Yesterday | ||||
Stephens analyst James… Story temporarily locked. |
Over a week ago | ||||
BMO Capital analyst… BMO Capital analyst Andrew Strelzik raised the firm's price target on Brinker to $75 from $68 and keeps an Outperform rating on the shares. The analyst is citing the "confident tone" of the company's management at the recent investor meetings about its go-forward business trajectory and longer-term growth opportunities. Strelzik adds that his post-COVID-19 earnings potential for Brinker is moving higher than his initial base case outlook. | ||||
Piper Sandler analyst… Piper Sandler analyst Nicole Miller Regan raised the firm's price target on Brinker to $76 from $70 and keeps an Overweight rating on the shares after a round of restaurant checks highlighted improving top-line trends in the January/February timeframe. | ||||
KeyBanc analyst Eric… KeyBanc analyst Eric Gonzalez raised the firm's price target on Brinker to $77 from $64 and keeps an Overweight rating on the shares. Following his virtual meetings, the analyst is increasingly confident Brinker can consistently out-execute the competition during COVID-19 and capitalize on future demand tailwinds. Gonzalez also sees a path to higher post-pandemic AUVs and margins, which should support EPS upside. | ||||
MKM Partners analyst… MKM Partners analyst Brett Levy raised the firm's price target on Brinker to $75 from $67 and keeps a Buy rating on the shares. The analyst says his discussions with the company's CFO and investor relations executive yesterday indicate that despite the "currently challenged" backdrop, they are "steadfast" in the hopes of participating in the ongoing recovery. Levy adds that he is positive on Brinker's "solid" baseline business, technology innovation, and efforts to meet the consumers' needs. |
Virtual Meeting to be… Virtual Meeting to be held on February 9 hosted by KeyBanc. | |
Virtual Meeting to be… Virtual Meeting to be held on February 8 hosted by MKM Partners. | |
Stifel analyst Chris… Stifel analyst Chris O'Cull raised the firm's price target on Brinker to $80 from $65 and keeps a Buy rating on the shares, citing his thesis regarding the company's ability to grow sales and earnings by creating new virtual restaurants to use the excess kitchen capacity in Chili's locations. One opportunity "we are especially excited about is the Italian category," said O'Cull, who believes the company has found "a compelling idea" with Maggiano's Italian Classics and has updated his model to incorporate the concept in his out-year estimates. | |
Virtual Meeting to be… Virtual Meeting to be held on February 8 hosted by MKM Partners. | |
Virtual Meeting to be… Virtual Meeting to be held on February 9 hosted by KeyBanc. |