Why Brinker International Stock Jumped Today
Yahoo Finance ·
Shares of Brinker International ( EAT +4.17% ) , the parent of Chili's, were moving higher today after the casual dining chain got an upgrade from a Wall Street analyst. As of 11:29 a.m. ET, the stock was up 4% after gaining as much as 6.5% earlier in the session. Northcoast upgraded the restaurant stock from neutral to buy, citing strong growth at Chili's. Analyst Jim Sanderson gave the stock a price target of $275, implying upside of 37% over the next year. He also said Chili's is well-positioned for long-term growth under new management, and that menu improvements and better marketing put the company in a position to exceed in-store margins of 20%.
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