Brinker International Upgraded to “Buy” at Argus Research (EAT)


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Full-service restaurant chain operator Brinker International, Inc. ( EAT ) on Thursday caught a big upgrade from analysts at Argus Research.

The firm said it upgraded EAT from "Hold" to "Buy" with a $37 price target, suggesting a 22% upside to the stock's Wednesday closing price of $30.28.

Back in April, Brinker reported much better-than-expected fiscal third quarter earnings results and said it remains on track to double EPS by 2015.

Brinker International shares were mostly flat in premarket trading Thursday.

The Bottom Line
Shares of Brinker International ( EAT ) have a 2.11% dividend yield, based on last night's closing stock price of $30.28. The stock has technical support in the $26-$28 price area. The stock is trading near all-time highs of $32-$34 a share.

Brinker International, Inc. ( EAT ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks

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