Brinker International (EAT) has an average broker rating of 2.67, which is interpreted as a Hold, as rated by 15 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 considers that the stock is a Sell.
Brinker International (EAT) : 9 Wall Street analysts covering Brinker International (EAT) believe that the average level the stock could reach for the short term is $50.33. The maximum price target given is $56 and the minimum target for short term is around $45, hence the standard deviation is calculated at $3.81.
Company shares have received an average consensus rating of Hold for the current week Brinker International (NYSE:EAT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.48 and $49.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.72, notching a gain of 12.24% for the day. The total traded volume was 6,903,166 . The stock had closed at $46.97 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Taylor Joseph G, officer (VP, Corp. Affairs & Inv. Rel.) of Brinker International Inc, had unloaded 2,500 shares at an average price of $46.87 in a transaction dated on May 3, 2016. The total value of the transaction was worth $117,175.
Brinker International, Inc. (Brinker) owns, develops, operates and franchises the Chilis Grill & Bar (Chilis) and Maggianos Little Italy (Maggianos) restaurant brands. At September 24, 2014, the Company owned, operated or franchised 1,622 restaurants in the United States and 29 countries and two territories outside of the United States. Chilis operates in the Bar and Grill category of casual dining. The Company has operations around the world, with locations in 32 foreign countries and two United States territories. Maggianos is a full-service, casual dining Italian restaurant brand. Its Maggianos restaurants feature individual and family-style menus, and its restaurants also have banquet facilities designed to host party business or social events.