April 24, 2014 10:09 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Thursday, Bank of America analyst Joseph T. Buckley reiterated an Underperform rating on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Brinker International (NYSE: EAT), and raised the price target from $40.00 to $44.00.In the report, Bank of America noted, “EAT reported 3Q (March) EPS of $0.84, in-line with our estimate and a penny above consensus. Chili's same store sales were up only modestly (+0.7% for company stores and +0.5% systemwide), but outperformed the Knapp-Track casual dining index by 250 bps. Most restaurant companies have highlighted negative winter weather impacts to sales and traffic to start the year and Brinker was no exception, citing a negative 100 bps impact to comps with a greater impact at Maggiano's and less at Chili's given the respective geographic footprints."While top-line results were a little light vs. consensus (but solid within the context of a challenging industry backdrop), EAT performed well on the cost side as restaurant level margins beat our expectations by 10 bps and G&A was also better than expected. A 90 bps y/y improvement in food costs provided a boost, driven by flat inflation and strong margins for Chili's new Fresh Mex menu items and flatbreads.”Brinker International closed on Wednesday at $49.37.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.