UBS Maintains a 'Buy' on Brinker Intl (EAT); Executing the Plan
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Price: $233.10 -0.15%
Rating Summary:
22 Buy, 17 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
22 Buy, 17 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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UBS maintains a 'Buy' on Brinker Intl (NYSE: EAT) price target raised $1 to $27.
UBS analyst says, "Following Brinker’s above-consensus fiscal 1Q release and earnings conference call, we are raising our FY12 EPS estimate from $1.80 to $1.85 (+20% YOY). Our higher EPS estimate reflects better-than-expected productivity gains, and solid ongoing sales momentum. We would note that Brinker has been developing a solid track record of execution over the last year or so—and we believe delivering its planned FY12 EPS guidance ($1.80-$1.95) represents upside for the stock."
"We believe Chili’s underlying sales and traffic trends have been driven by the addition of nationally-advertised value platforms (both at lunch and dinner) and by increasing customer satisfaction...We find it heartening that the company seemed to suggest that October SSS growth has accelerated."
For more ratings news on Brinker Intl click here and for the rating history of Brinker Intl click here.
Shares of Brinker Intl closed at $22.75 yesterday.
UBS analyst says, "Following Brinker’s above-consensus fiscal 1Q release and earnings conference call, we are raising our FY12 EPS estimate from $1.80 to $1.85 (+20% YOY). Our higher EPS estimate reflects better-than-expected productivity gains, and solid ongoing sales momentum. We would note that Brinker has been developing a solid track record of execution over the last year or so—and we believe delivering its planned FY12 EPS guidance ($1.80-$1.95) represents upside for the stock."
"We believe Chili’s underlying sales and traffic trends have been driven by the addition of nationally-advertised value platforms (both at lunch and dinner) and by increasing customer satisfaction...We find it heartening that the company seemed to suggest that October SSS growth has accelerated."
For more ratings news on Brinker Intl click here and for the rating history of Brinker Intl click here.
Shares of Brinker Intl closed at $22.75 yesterday.
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