KeyBanc Starts Brinker Int'l (EAT) at Buy; The Mojo is Back at Chili's
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Price: $237.15 -0.61%
Rating Summary:
22 Buy, 17 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
22 Buy, 17 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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KeyBanc initiates coverage on Brinker Int'l (NYSE: EAT) with a Buy. PT $40.00.
Analyst, Christopher O'Cull, said, "Chili's is well-positioned to grow EPS in the 17-20% range for the next few years fueled by at least 3% SRS gains, 1-2% unit growth, 150 bps of margin expansion during the next two years, and 5-7% of annual share count reduction. The Street's 15% EPS growth projection for the next few years will likely prove conservative as SRS gains, coupled with cost improvements, deliver better than expected profit growth, which in turn provides greater capacity for share repurchases."
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 $31.94 yesterday.
Analyst, Christopher O'Cull, said, "Chili's is well-positioned to grow EPS in the 17-20% range for the next few years fueled by at least 3% SRS gains, 1-2% unit growth, 150 bps of margin expansion during the next two years, and 5-7% of annual share count reduction. The Street's 15% EPS growth projection for the next few years will likely prove conservative as SRS gains, coupled with cost improvements, deliver better than expected profit growth, which in turn provides greater capacity for share repurchases."
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 $31.94 yesterday.
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