On Nov 01, major Wall Street analysts update their ratings for $Brinker International (EAT.US)$, with price targets ranging from $70 to $110.
Morgan Stanley analyst Brian Harbour maintains with a sell rating, and adjusts the target price from $65 to $70.
BofA Securities analyst Katherine Griffin maintains with a hold rating, and sets the target price at $110.
Evercore analyst David Palmer maintains with a hold rating, and adjusts the target price from $90 to $110.
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 focus on value offerings and a strong marketing mix, which includes both conventional media advertisements and social media interactions, has been instrumental in advancing traffic growth that surpasses industry standards. There is potential to boost recognition via television promotions, and it is anticipated that the company can sustain the upward trajectory of its top line for Chili's during the second fiscal quarter by continuing to effectively utilize advertising.
The firm anticipates that the company's share strength post-earnings will continue in the near term, supported by the company's commentary on trends and industry outperformance that improved throughout the quarter and into October. This is expected to position the company for a potentially higher guidance update in fiscal Q2.
The company's fiscal Q1 results surpassed expectations across the board, and its positive momentum persisted into October. Nonetheless, the current stock valuation is considered to reflect its full potential.
The stock is perceived as having reached its full potential in terms of valuation. CEO Kevin Hochman has been commended for his impressive efforts in revitalizing and sharpening the focus of a brand that, arguably, experienced its lowest point in the unprofitable quarter of Q1 of fiscal 2023.
The firm believes that a robust first quarter and raised guidance for fiscal year 2025 suggest continued momentum in the near term. It is perceived that the current valuation of Brinker adequately reflects the enhanced near-term clarity into same-store growth and margin trends, balanced by a still-obscured outlook on medium- and long-term revenue and profit factors, notwithstanding a significant increase in near-term marketing expenditures.
Here are the latest investment ratings and price targets for $Brinker International (EAT.US)$ from 6 analysts:
Note:
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