Brinker price target raised to $215 from $200 at Stifel

Stifel analyst Chris O’Cull raised the firm’s price target on Brinker (EAT) to $215 from $200 and keeps a Buy rating on the shares. After conducting a series of analyses to evaluate Chili’s market share and growth capacity, and to determine whether its outperformance relative to the broader full-service industry is likely to continue, Stifel believes the chain can continue gaining market share in a fragmented category where scale advantages are becoming more valuable. The firm, which believes the company has a proven playbook that will lead to durable same-restaurant sales gains, has raised its long-term growth rate assumptions, the analyst tells investors.