Brinker International (EAT) Gets a Hold Rating from Evercore ISI

Evercore ISI analyst David Palmer maintained a Hold rating on Brinker International (EATResearch Report) on July 19 and set a price target of $30.00. The company’s shares closed last Tuesday at $23.62, close to its 52-week low of $21.47.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 5.9% and a 59.8% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, The Hershey Company, and BellRing Brands.

Brinker International has an analyst consensus of Moderate Buy, with a price target consensus of $32.83, which is a 32.6% upside from current levels. In a report issued on July 18, Goldman Sachs also downgraded the stock to Hold with a $28.00 price target.

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Based on Brinker International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $980 million and net profit of $36.6 million. In comparison, last year the company earned revenue of $828 million and had a net profit of $33.9 million.

Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is neutral on the stock.

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Brinker International, Inc. engages in owning, developing, and franchising Chili’s Grill and Bar and Maggiano’s Little Italy restaurant brands. It operates through the following segments: Chili’s, and Maggiano’s. The Chili’s segment includes the results of company-owned Chili’s restaurants in the U.S. and Canada as well as the results from domestic and international franchise business. The Maggiano’s segment comprises the results of company-owned Maggiano’s restaurants. The company was founded by Larry Lavine on March 13, 1975 and is headquartered in Dallas, TX.

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