Bank of America has revised its price target for Brinker International (EAT, Financial), lowering it from $195 to $166 while maintaining a Neutral rating. This adjustment comes as part of the firm's broader assessment of the restaurant sector, where they are revisiting estimates for over 20 companies.
The financial institution is making these changes to better align with recent shifts in market multiples and updated forecasts. This move is part of its calendar first-quarter preview, aiming to provide clearer guidance based on evolving market conditions within the restaurant industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Brinker International Inc (EAT, Financial) is $178.31 with a high estimate of $215.00 and a low estimate of $147.00. The average target implies an upside of 16.42% from the current price of $153.17. More detailed estimate data can be found on the Brinker International Inc (EAT) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Brinker International Inc's (EAT, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Brinker International Inc (EAT, Financial) in one year is $52.04, suggesting a downside of 66.02% from the current price of $153.165. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Brinker International Inc (EAT) Summary page.
