UPDATE: MIller Tabak Raises PT on Brinker International to $33

Miller Tabak raises its price target on Brinker International EAT from $31 to $33 and maintains its Buy rating on the company in a research report out today. In the report, Miller Tabak writes, "We think a mix of strong traffic driven in part by mild weather, and well as positive changes in menu mix, will result in an above consensus March quarter. Our thesis has been that rising same-restaurant sales (particularly at Chili's) and efficiency gains would allow EAT to gain earnings power, but now think accelerated market share gains driven by peer closures and increased operating leverage on a more stable company-owned unit base will contribute to EAT reaching its goal of doubling EPS growth one year ahead of schedule. " Shares of Brinker International are currently trading at $27.47, up 2.12% from yesterday's close.