Zacks Investment Research downgraded Brinker International, Inc. (NYSE:EAT) to Hold in a report released today.
- Updated: October 7, 2016
Zacks Investment Research has downgraded Brinker International, Inc. (NYSE:EAT) to Hold in a report released on 10/7/2016.
Previously on Wednesday October 05, 2016, Zacks Investment Research reported about Brinker International, Inc. (NYSE:EAT) raised the target price from $0.00 to $56.00. At the time, this indicated a possible upside of 0.12%.
Yesterday Brinker International, Inc. (NYSE:EAT) traded -0.61% lower at $50.39. The company’s 50-day moving average is $52.24 and its 200-day moving average is $47.95. The last stock close price is up 4.70% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 390,018 shares of the stock were exchanged, down from an average trading volume of 1,273,360
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Brinker International, Inc. has a 52 week low of $43.20 and a 52 week high of $55.16 with a P/E ratio of 14.68 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is $49.69 with 1 firm rating the stock a strong buy, 4 firms rating the stock a buy, 15 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Brinker International, Inc. (NYSE:EAT)
Brinker International, Inc. is engaged in the ownership, operation, development, and franchising of the Chili's Grill & Bar (Chili's) and Maggiano's Little Italy (Maggiano's) restaurant brands. The Company's Chili's operates Bar & Grill category of casual dining. Chili's menu features authentic Fresh Mex and Fresh Tex cuisine, including signature items, such as Baby Back Ribs smoked in-house, Hand-Crafted Burgers served with house-made garlic dill pickles, Mix and Match Fajitas, Tableside Guacamole and house-made Chips and Salsa. Maggiano's is a full-service, casual dining Italian restaurant brand. Its Maggiano's restaurants feature individual and family-style menus, and its restaurants also has banquet facilities designed to host party business or social events. The Company owns, operates or franchises restaurants, which include approximately 1,650 restaurants in the United States, over 30 countries and approximately two territories outside of the United States.
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