Raymond James analyst Brian Vaccaro downgrades $Brinker International (EAT.US)$ to a hold rating.
According to TipRanks data, the analyst has a success rate of 54.5% and a total average return of 8.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Brinker International (EAT.US)$'s main analysts recently are as follows:
The firm anticipates that Brinker will maintain a strong sales momentum and continue to capture more market share in Q1, as a result of steady progress in strategic initiatives and positive reactions from customers. It is noted that the balance between risk and reward appears relatively even at present, considering the high expectations for significant improvements to financial figures. Moreover, the persistence of sales and earnings momentum may justify the company's valuation.
Sentiment towards the restaurant industry has enhanced since the summer, as evidenced by a 15% rise in the sector since the end of July. This uptick coincides with industry-wide improvements in same-store sales trends, which is attributed to more favorable year-over-year growth comparisons. Sustained same-store sales momentum at Chili's is noted as a contributing factor.
Note:
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