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Northcoast Research Upgrades Brinker International to Buy, Announces $275 Price Target

Benzinga Newsdesk

Northcoast Research analyst Jim Sanderson upgrades Brinker International (NYSE:EAT) from Neutral to Buy and announces $275 price target.

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  1. Jeremy Bowman

    Why Brinker International Stock Jumped Today

    Brinker International (Chili's parent company) stock rose 3.49% after Northcoast upgraded the stock from neutral to buy with a $275 price target, implying 37% upside. The upgrade was driven by strong growth at Chili's, menu improvements, better marketing, and management confidence in achieving in-store margins exceeding 20%. While hypergrowth may be slowing, the company targets 4%-6% annual revenue growth through fiscal 2029 with double-digit adjusted EPS growth.

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