Brinker International (EAT) : Analyst Rating Update

Brinker International (EAT) : Zacks Investment Research ranks Brinker International (EAT) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.59, which indicates as a Hold.

Brinker International (EAT) : The highest short term price target forecast on Brinker International (EAT) is $55 and the lowest target price is $45. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $50 with a standard deviation of $3.09.

Brinker International (NYSE:EAT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.83 and $46.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.65, notching a gain of 0.52% for the day. The total traded volume was 1,490,961 . The stock had closed at $46.41 on the previous day.

Also, Barclays maintains their rating on the shares of Brinker International (NYSE:EAT). The current rating of the shares is Equalweight. Equity Analysts at the Firm raises the price target to $48 per share from $47 per share. The rating by the firm was issued on June 10, 2016. The company shares have dropped -19.64% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $60.34 and the one year low was seen on Dec 3, 2015. The 50-Day Moving Average price is $45.40 and the 200 Day Moving Average price is recorded at $46.87.

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.

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