KeyBanc analyst Eric Gonzalez maintains $Brinker International (EAT.US)$ with a buy rating, and adjusts the target price from $72 to $100.
According to TipRanks data, the analyst has a success rate of 56.1% and a total average return of 7.1% 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 industry has shown signs of improvement since the summer, as evidenced by a 15% rise in the group since the end of July. This uptick aligns with an industry-wide enhancement in same-store sales trends, which has generally seen a relaxation in year-over-year growth comparisons. This positive shift is reflected in the sustained same-store sales momentum observed at Chili's.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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