Brinker International found using ticker (EAT) have now 15 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 43 and 28 with a mean TP of 35.47. Given that the stocks previous close was at 39.06 this would imply there is a potential downside of -9.2%. The day 50 moving average is 34.91 and the 200 day MA is 30.42. The company has a market cap of $1,697m. Company Website: https://brinker.com
The potential market cap would be $1,541m based on the market concensus.
Brinker International, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants under the under the Chili’s Grill & Bar and Maggiano’s Little Italy brand name in the United States and internationally. The company operates in two segments, Chili’s and Maggiano’s. As of June 29, 2022, it operated approximately 1,650 restaurants comprising 1,188 company-owned restaurants and 462 franchised restaurants. The company also operates in virtual brands, including Just Wings and Maggiano’s Italian Classics. Brinker International was founded in 1983 and is headquartered in Dallas, Texas.
