Brinker International (EAT) is Reiterated by Maxim Group to Buy, Raises Price Target to $ 60

Brinker International (EAT) was Reiterated by Maxim Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 60 from a previous price target of $56 . Maxim Group advised their investors in a research report released on Apr 12, 2016.

Many Wall Street Analysts have commented on Brinker International. Company shares were Reiterated by Maxim Group on Apr 12, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $56 .

On the company’s financial health, Brinker International reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 20, 2016. Analyst had a consensus of $0.75. The company had revenue of $788.60 million for the quarter, compared to analysts expectations of $799.30 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Brinker International opened for trading at $46.34 and hit $47.75 on the upside on Monday, eventually ending the session at $46.36, with a gain of 1.40% or 0.64 points. The heightened volatility saw the trading volume jump to 17,51,990 shares. Company has a market cap of $2,647 M.

In a different news, on Feb 10, 2016, George R Jr Mrkonic (director) sold 5,584 shares at $46.98 per share price. According to the SEC, on Feb 10, 2016, Roger F Thomson (EVP, Ch. Dev. Officer) sold 11,460 shares at $46.54 per share price. On Jan 27, 2016, Joseph G Taylor (VP, Corp. Affairs & Inv. Rel.) sold 1,000 shares at $50.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Brinker International Inc. (Brinker) owns develops operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. At September 24 2014 the Company owned operated or franchised 1622 restaurants in the United States and 29 countries and two territories outside of the United States. Chili’s 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. Maggiano’s is a full-service casual dining Italian restaurant brand. Its Maggiano’s restaurants feature individual and family-style menus and its restaurants also have banquet facilities designed to host party business or social events.

Brinker International

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