UBS reported on Friday that they have increased their price target for restaurant company, Brinker International, Inc.(EAT) .
The firm, which currently has a “Buy” rating on EAT, has increased its price target to $39. This price target suggests a 13% increase from the stock’s current price of $33.80.
Analysts have increased their estimates based on improving same-store sales trends.
Brinker International shares were mostly flat during premarket trading Friday. The stock has increased 23% in the past year.
The Bottom Line
Shares of Brinker International (EAT) have a 2.40% dividend yield, based on last night’s closing stock price of $33.27. The stock has technical support in the $30 price area. If the shares can firm up, we see overhead resistance around the all-time high level of $36 per share.
Brinker International, Inc.(EAT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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