Wells Fargo analyst Zachary Fadem maintains $Brinker International (EAT.US)$ with a sell rating, and adjusts the target price from $50 to $85.
According to TipRanks data, the analyst has a success rate of 68.1% and a total average return of 13.7% 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 assessment of Brinker observed that comparable sales moderated at the beginning of the third quarter before finding equilibrium at reduced levels. It is noted that although all sectors are susceptible to the spending patterns of lower-income consumers, the quick-service segment's emphasis on value has proven to be efficacious. Additionally, it is mentioned that the trends of inflation and pricing appear to be diminishing.
As Q3 earnings reports for the restaurant industry commence in the final week of October, discussions primarily revolve around aligning expectations and preparations for the releases. The rationale for the increased market multiples, which subsequently lifted the valuation benchmarks for companies like McDonald's and Brinker, has been attributed to market expansion.
The firm acknowledges a previous misjudgment regarding Brinker, anticipating further positive adjustments in the future.
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富国集团分析师Zachary Fadem维持$布林克国际 (EAT.US)$卖出评级,并将目标价从50美元上调至85美元。
根据TipRanks数据显示,该分析师近一年总胜率为68.1%,总平均回报率为13.7%。
此外,综合报道,$布林克国际 (EAT.US)$近期主要分析师观点如下:
布林克的评估发现,可比销售额在第三季度初有所放缓,然后才在下降的水平上找到平衡。值得注意的是,尽管所有行业都容易受到低收入消费者支出模式的影响,但事实证明,快捷服务部门对价值的强调是有效的。此外,有人提到,通货膨胀和定价的趋势似乎正在减弱。
随着餐饮业第三季度收益报告将于10月的最后一周发布,讨论主要围绕调整预期和为发布做准备。市场倍数增加的原因归因于市场扩张,这随后提高了麦当劳和布林克等公司的估值基准。
该公司承认先前对Brinker的错误判断,预计未来还会有进一步的积极调整。
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