Wells Fargo & Co. Initiates Coverage on Brinker International (EAT)
Equities research analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of Brinker International (NYSE: EAT) in a research note issued to investors on Friday. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Brinker International in a research note to investors on Tuesday, April 24th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Brinker International in a research note to investors on Tuesday, April 24th. They now have a $32.00 price target on the stock. Finally, analysts at Bank of America (NYSE: BAC) raised their price target on shares of Brinker International from $20.00 to $24.00 in a research note to investors on Tuesday, April 24th.
Brinker International traded down 1.58% on Friday, hitting $31.16. Brinker International has a 52-week low of $19.50 and a 52-week high of $32.00. The company has a market cap of $2.349 billion and a price-to-earnings ratio of 17.87.
Brinker International last posted its quarterly earnings results on Monday, April 23rd. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.04. Brinker International’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that Brinker International will post $0.38 EPS next quarter.
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.