Brinker International (EAT) Gets a Buy Rating from Maxim Group

By Jason Carr

Maxim Group analyst Stephen Anderson maintained a Buy rating on Brinker International (EATResearch Report) yesterday and set a price target of $58. The company’s shares closed last Monday at $38.46, close to its 52-week low of $36.44.

Anderson noted:

“We maintain our Buy rating and $58 price target on Brinker International (EAT) following yesterday’s Investor Day conference at the company’s headquarters in Coppell, TX.”

According to TipRanks.com, Anderson is a 4-star analyst with an average return of 5.6% and a 57.4% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.

Currently, the analyst consensus on Brinker International is a Moderate Buy with an average price target of $45.17, representing a 19.3% upside. In a report issued on August 14, Raymond James also maintained a Buy rating on the stock with a $47 price target.

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The company has a one-year high of $53.61 and a one-year low of $36.44. Currently, Brinker International has an average volume of 1.01M.

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Brinker International, Inc. engages in owning, developing, and franchising Chili’s Grill and Bar and Maggiano’s Little Italy restaurant brands. It operates through the following segments: Chili’s, and Maggiano’s.