On Oct 31, major Wall Street analysts update their ratings for $Brinker International (EAT.US)$, with price targets ranging from $95 to $110.
BofA Securities analyst Katherine Griffin maintains with a hold rating, and sets the target price at $110.
Citi analyst Jon Tower maintains with a hold rating, and adjusts the target price from $67 to $110.
Wells Fargo analyst Zachary Fadem maintains with a sell rating, and adjusts the target price from $85 to $95.
BMO Capital analyst Andrew Strelzik downgrades to a hold rating, and adjusts the target price from $80 to $105.
KeyBanc analyst Eric Gonzalez maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Brinker International (EAT.US)$'s main analysts recently are as follows:
The company's emphasis on a value platform paired with a dynamic marketing approach, which includes traditional media and social media involvement, has been fundamental in driving traffic growth that surpasses the industry standard. The potential to enhance awareness via television ads is noted, and there is an expectation that the company will continue to utilize advertising effectively to sustain the topline momentum of Chili's into the second fiscal quarter.
The firm anticipates continued share strength following the Q3 report as a result of the company's commentary on trends and industry outperformance that improved throughout the quarter and into October. This could position the company for another beat and raise scenario in its fiscal Q2.
The company's fiscal Q1 results surpassed expectations across the board and its positive momentum persisted into October. Nevertheless, the current stock valuation is perceived as comprehensive.
The assessment is that Brinker's stock valuation appears to be fully realized currently. It's noted that the CEO has significantly revitalized and redirected the company, particularly after facing challenging times during the fiscal quarter where losses were recorded.
A robust first quarter and heightened guidance for fiscal year 2025 indicate that there is sustained momentum in the near term. It's observed that the current valuation aptly reflects the improved near-term transparency into same-store growth and margin trends. However, there remains a subdued clarity regarding the medium and long-term revenue and profit factors, despite a considerable increase in near-term marketing expenditures.
Here are the latest investment ratings and price targets for $Brinker International (EAT.US)$ from 5 analysts:
Note:
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