Piper Sandler analyst Brian Mullan raised the firm’s price target on Brinker (EAT) to $168 from $155 and keeps a Neutral rating on the shares following quarterly results. The firm notes the quarter marked the end of a very impressive year for Brinker during which Chili’s grew same-store sales by about 25%, RLMs expanded by 415 bps, adjusted EPS grew by more than 100%, and the balance sheet was further de-levered.
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