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
|Jan 2017||Morgan Stanley||Downgrades||Equal-Weight||Underweight|
|Jan 2017||Telsey Advisory Group||Downgrades||Outperform||Market Perform|
|Dec 2016||BMO Capital||Downgrades||Market Perform||Underperform|
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