BofA lowered the firm’s price target on Brinker (EAT) to $182 from $192 and keeps a Buy rating on the shares. Brinker’s lowered restaurant level margin guidance implies about 50 basis points of margin compression for the rest of the year, but the firm believes the company has “left itself considerable room to maneuver,” even considering tariff-driven pressure on ground beef and the lapping of Chili’s outsized margin gains in Q2 of FY25, the analyst tells investors.
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