Wells Fargo Resumes Coverage on Brinker Int'l (EAT) at Outperform; Poised For Acceleration

Wells Fargo resumes coverage on Brinker Int'l (NYSE: EAT) with an Outperform. PT range $37-40.

Analyst, Jeff Farmer, said, "We expect to see multiple expansion in the coming quarters as Brinker is one of the few restaurant companies poised to maintain same-store sales (SSS) momentum and deliver margin expansion over the balance of 2012 heading into 2013."

"Chili’s remodel program expected to pick up steam in FY2013 and should provide approximately a 1% SSS tailwind...We expect the new kitchen equipment and point-of sales (POS) system rollouts to drive continued margin expansion in FY2013."

For an analyst ratings summary and ratings history on Brinker Int'l click here. For more ratings news on Brinker Int'l click here.

Shares of Brinker Int'l closed at $31.41 yesterday.

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