Christine Dooley from Argus Research sets a price target of $150 for NYSE:EAT, indicating a potential increase of approximately 9.34%.
Brinker’s stock reaches a yearly high of $137.19, showcasing significant growth from its lowest point at $37.25.
The company’s market capitalization stands at approximately $6.1 billion, with a trading volume of 354,394 shares, reflecting its strong market presence.
Brinker International, traded on the NYSE under the symbol EAT, operates well-known restaurant chains like Chili’s Grill & Bar and Maggiano’s Little Italy. The company is currently experiencing a positive shift in its earnings estimates, which has led to increased optimism among analysts about its financial future. This optimism is reflected in the recent momentum of Brinker’s stock price.
On December 24, 2024, Christine Dooley from Argus Research set a price target of $150 for NYSE:EAT. At that time, the stock was priced at $137.19, suggesting a potential increase of approximately 9.34% to reach the target. This target aligns with the positive sentiment surrounding the company’s earnings outlook, as highlighted by the Zacks Rank system.
Brinker’s stock has recently seen a price increase of $4.10, a 3.08% rise, reaching a high of $137.19. This price is not only the highest for the day but also the highest over the past year. The stock’s lowest price over the past year was $37.25, indicating significant growth and recovery.
The market capitalization of Brinker International is approximately $6.1 billion, with a trading volume of 354,394 shares. The correlation between earnings estimate revisions and stock price movements is well-documented, and Brinker’s improving earnings outlook could lead to further stock price increases, supporting the price target set by Argus Research.
