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Morgan Stanley Maintains a Hold Rating on Brinker International (EAT)

Morgan Stanley analyst John Glass maintained a Hold rating on Brinker International (EATResearch Report) today and set a price target of $43.00. The company’s shares closed last Friday at $37.06, close to its 52-week low of $33.52.

According to TipRanks.com, Glass is a 4-star analyst with an average return of 8.8% and a 67.1% success rate. Glass covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and Texas Roadhouse.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brinker International with a $54.47 average price target, a 48.8% upside from current levels. In a report released today, Gordon Haskett Capital Corporation also downgraded the stock to Hold with a $41.00 price target.

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Based on Brinker International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $876 million and net profit of $13.2 million. In comparison, last year the company earned revenue of $740 million and had a net profit of $10.7 million.

Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is neutral on the stock.

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Brinker International, Inc. engages in owning, developing, and franchising Chili’s Grill and Bar and Maggiano’s Little Italy restaurant brands. It operates through the following segments: Chili’s, and Maggiano’s. The Chili’s segment includes the results of company-owned Chili’s restaurants in the U.S. and Canada as well as the results from domestic and international franchise business. The Maggiano’s segment comprises the results of company-owned Maggiano’s restaurants. The company was founded by Larry Lavine on March 13, 1975 and is headquartered in Dallas, TX.

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