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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EAT:
- Brinker price target lowered to $155 from $175 at JPMorgan
- Brinker price target lowered to $144 from $156 at Citi
- Brinker International: Hold Rating Amid Cost Pressures and Normalizing Trends
- Brinker price target lowered to $160 from $175 at Wells Fargo
- Brinker price target lowered to $135 from $145 at Barclays