Brinker International Stock Climbs 38% Over Past Month, Analyst Turns Bullish Despite Outperformance
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Shares of Brinker International, Inc. (NYSE:EAT) ended Tuesday’s trading lower, after hitting a record high earlier in the session.
The casual dining restaurant company, which owns the Chili’s and Maggiano’s Little Italy brands, trades at a slight discount on price/sales and price/earnings.
The stock price does not fully reflect the company’s improved earnings outlook, according to Argus Research Group’s Christine Dooley.
The Brinker International Analyst: Dooley upgraded the rating for Brinker International from Hold to Buy, while keeping the price target at $72.
The Brinker International Thesis: Against the backdrop of …
Full story available on Benzinga.com
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