Jefferies Believes Brinker International (NYSE: EAT) Still Has Room to Grow

Jefferies analyst Andy Barish maintained a Buy rating on Brinker International (EATResearch Report) today. The company’s shares closed last Monday at $68.82, close to its 52-week high of $78.33.

According to TipRanks.com, Barish is a 5-star analyst with an average return of 12.2% and a 59.6% success rate. Barish covers the Services sector, focusing on stocks such as Bloomin’ Brands, El Pollo LoCo, and Shake Shack.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brinker International with a $72.69 average price target, implying a 6.1% upside from current levels. In a report issued on April 1, MKM Partners also maintained a Buy rating on the stock with a $82.00 price target.

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The company has a one-year high of $78.33 and a one-year low of $14.00. Currently, Brinker International has an average volume of 987K.

Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EAT in relation to earlier this year.

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Brinker International, Inc. engages in owning, developing, and franchising Chili’s Grill and Bar and Maggiano’s Little Italy restaurant brands. It operates through the following segments: Chili’s, and Maggiano’s. The Chili’s segment includes the results of company-owned Chili’s restaurants in the U.S. and Canada as well as the results from domestic and international franchise business. The Maggiano’s segment comprises the results of company-owned Maggiano’s restaurants. The company was founded by Larry Lavine on March 13, 1975 and is headquartered in Dallas, TX.