Brinker International (EAT) Misses Q3 EPS by 11c, Offers Guidance

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Go back to Brinker International (EAT) Misses Q3 EPS by 11c, Offers Guidance

Evercore ISI Downgrades Brinker Int'l (EAT) to In Line

May 5, 2022 5:25 AM EDT

Evercore ISI analyst David Palmer downgraded Brinker Int'l (NYSE: EAT) from Outperform to In Line with a price target of $40.00 (from $60.00).

The analyst comments "Even with a solid on-premise sales recovery and upcoming pricing, we now see restaurant margin for FY23 remaining below pre-COVID level and Brinkers stock as likely dead money in the... More