Why Brinker International Stock Soared in January
Shares of Brinker International (NYSE: EAT) rose by a mouthwatering 37.6% in January, according to data from S&P Global Market Intelligence. The company behind the popular restaurant chains Chili's and Maggiano's Little Italy delivered an earnings report strong enough to boost other restaurant stocks that day.
Brinker reported second-quarter results on Jan. 29, and it was a blowout performance.
Earnings more than doubled year over year, landing at $2.80 per share. Revenues rose 27% to $1.36 billion. Your average analyst firm would have settled for earnings of roughly $1.56 per share on sales near $1.19 billion.
Source Fool.com
Brinker International Inc. Stock
€123.00
-1.600%
Brinker International Inc. is currently one of the favorites of our community with 19 Buy predictions and no Sell predictions.
With a target price of 151 € there is a positive potential of 22.76% for Brinker International Inc. compared to the current price of 123.0 €.
