Dividend Daily RSS Feed RSS
Dividend Stocks

The Dividend Daily

Dividend stocks - News, notes, updates, and analysis, delivered fresh daily

Citigroup Begins Coverage of Brinker (EAT)

By
December 13th, 2012

Citigroup Begins Coverage of Brinker (EAT)

Try Dividend.com Premium for FREE »

Citigroup announced on Thursday that they have initiated coverage of restaurant franchise operator, Brinker International, Inc.(EAT).

The firm reported that they have begun coverage of EAT with a “Buy” rating, and a $38 price target. This price target suggests an 18% increase over the stock’s current price of $30.92.

Analysts believe that since short term pressures are already known, the company will have opportunities for growth.

Brinker shares were up 27 cents, or 0.88% during Thursday morning trading. The stock is up 15.5% YTD.

The Bottom Line
Shares of Brinker International (EAT) have a 2.60% dividend yield, based on last night’s closing stock price of $30.77. The stock has technical support in the $28 price area. If the shares can firm up, we see overhead resistance around the $32-$34 price levels.

Brinker International, Inc.(EAT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

5 Rules of Winning Dividend Investing

FREE Dividend Stock Newsletter

Get the Dividend.com email newsletter to receive:

  • A free copy of our acclaimed report, 5 Rules of Winning Dividend Stock Investing
  • Free daily investing tips and picks from Dividend.com CEO Paul Rubillo
  • Tons of great market analysis and recommendations

Your Email

No Thanks

Free Dividend Newsletter

Get free dividend tips, analysis and updates straight to your inbox

Most Popular Articles MOST POPULAR ARTICLES ON DIVIDEND.COM
Comments on this Article COMMENTS ON THIS ARTICLE

Comments are closed.

About This Article ABOUT THIS ARTICLE

You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.