#4 - Brinker International (NYSE:EAT)
Brinker International Inc. (NYSE: EAT) is the parent company of brands such as Chili’s and Maggiano’s Little Italy. The company is still growing, but its first quarter 2024 earnings showed that growth is slowing. However, EAT stock has been up 64% in the last three months.
That may have some investors believing that the stock is overvalued. And the Brinker International analyst forecasts on MarketBeat seem to agree. The stock does have a consensus rating of Hold with a price target around $50, which is 32.9% lower than its current price. That said, analyst ratings are often a case of "What have you done for me lately?" On June 25, 2024, Stifel Nicolaus reaffirmed its Buy rating on EAT stock and raised its price target to $90 from $62.
A forward P/E of 18x suggests the stock may have residual value. And comparable store sales were up 3.3% year-over-year in the last quarter despite a slowdown in restaurant traffic. This suggests that the company’s efforts for greater efficiency are paying off.
About Brinker International
Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.
Read More - Current Price
- $116.55
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 13 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $86.45 (25.8% Downside)
