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Should You Buy #1 (Strong Buy)-Ranked Brinker International (EAT) for Your Portfolio?
Brinker International was upgraded to the Zacks Rank #1 list on June 15, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Based in Dallas, TX, Brinker International owns, operates, develops and franchises various restaurants under Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) brands. The company took over Chili’s, Inc., a Texas corporation, in September 1983 and completed the acquisition of Maggiano’s in August 1995.
Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.29 to $4 per share. EAT also boasts an average earnings surprise of 213.4%.
Earnings are forecasted to see growth of 41.3% for the current fiscal year, and sales are expected to increase 5.1%.
Even more impressive, EAT has gained in value over the past four weeks, up 7.9% compared to the S&P 500's gain of 3.7%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Brinker International could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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Brinker International, Inc. (EAT) : Free Stock Analysis Report