Why Brinker International Stock Was Tumbling Today
Shares of Chili's parent Brinker International (NYSE: EAT) were getting sent back to the kitchen today even as the fast-casual chain delivered another quarter of blistering growth.
Despite the strong results, the numbers didn't seem to be quite good enough to keep up with the high expectations priced into the stock, especially at a time when investors are fearful that a trade war could cause a recession.
As of 11:26 a.m. ET, the stock was down 14% on the news.
Source Fool.com
Brinker International Inc. Stock
€217.90
2.830%
The stock is an absolute favorite of our community with 39 Buy predictions and no Sell predictions.
On the other hand, the target price of 199 € is below the current price of 217.9 € for Brinker International Inc., so the potential is actually -8.67%.
