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Cindy L. Davis, a director at Brinker International, Inc. (NYSE:EAT), recently sold 5,802 shares of the company’s common stock. The transaction, which took place on February 3, 2025, was executed at a price of $187.86 per share, amounting to a total sale value of approximately $1.09 million. Following this transaction, Davis holds 11,107 shares in the company.
Brinker International, known for its restaurant brands, including Chili’s Grill & Bar, is headquartered in Dallas, Texas.
In other recent news, Brinker International has been the subject of several analyst upgrades. Stifel has raised its stock price target for the company to $200, while BMO Capital Markets, BofA Securities, JPMorgan, and Citi have also increased their targets to $150, $195, $160, and $185 respectively. This follows Brinker’s impressive financial results, with Chili’s comparable store sales surging over 31% and earnings skyrocketing by 180% year-over-year to $2.80 per share.
The company’s strong performance continued into the quarter-to-date, and management expressed confidence in the trend’s endurance. Brinker’s turnaround efforts, bolstered by improved operations and marketing strategies, have been key in achieving these results. Despite heightened competition, the company has managed to stand out due to these comprehensive efforts, positively impacting all facets of the Chili’s brand.
These recent developments have led analysts to revise their estimates upward, signaling strong confidence in Brinker International’s continued success in the competitive restaurant industry. However, some analysts, while acknowledging the company’s progress, have maintained neutral ratings on the stock, highlighting potential challenges in sustaining the current pace of growth. This reflects a cautious approach, with the expectation that the current positive trends will eventually normalize.
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