Tigress Reiterates On Brinker International
In a report released Thursday, Tigress analyst Ivan Feinseth released coverage on Brinker International (NYSE: EAT), reiterating a Buy.
Analysts at Tigress believe Brinker International displays strong growth potential due to its recent menu innovations focused on targeting more younger customers who value a natural food selection. Feinseth favors Brinker's use of technology; for example, the company's announcement of Ziosk, a tableside tablet improving ticket size and churn, given credit to future earnings.
Brinker International displayed strong sales last quarter with a 3.7 percent increase in company-wide sales and a 2.3 percent increase in comp sales at company-owned restaurants. Tigress analysts see future improvement in net operating profit before tax margin in full year 2015 influencing cost savings and less CapEx spending forecasts.
Latest Ratings for EAT
|Aug 2016||Canaccord Genuity||Initiates Coverage on||Hold|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.