BofA Securities analyst Katherine Griffin maintains $Brinker International (EAT.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 51.6% and a total average return of 13.8% 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 indicates that initially, comparable sales softened as the third quarter began, but then steadied at diminished figures. It's noted that while the entire sector is exposed to the impact of a lower-income consumer base, the effectiveness of the quick service segment's emphasis on value stands out. Additionally, there is observation that inflation and pricing pressures have been showing signs of subsiding.
Heading into the third-quarter earnings reports for the restaurant industry, discussions have primarily revolved around aligning expectations and preparing for the outcomes. The revision of valuation multiples in the market is noted for influencing raised valuations for companies like McDonald's and Brinker.
Note:
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