Brinker price target raised to $69 from $65 at Evercore ISI

Evercore ISI raised the firm’s price target on Brinker to $69 from $65 and keeps an In Line rating on the shares following the Q4 results. While Chili’s same store sales growth is sustaining at high single digit levels through the first five weeks of the quarter, incremental investments and reticence to raise menu prices are limiting EPS upside and SSS trends should slow through FY25, the analyst tells investors in a research note.