EAT

Brinker International, Inc.

Consumer


Presented:01/21/2021
Price:$61.82
Cap:$2.28B
Current Price:$89.53
Cap:$4.01B

Presented

Date01/21/2021
Price$61.82
Market Cap$2.28B
Ent Value$4.28B
P/E Ratio106.9x
Book ValueN/A
Div Yield0.61%
Shares O/S36.91M
Ave Daily Vol1,290,438
Short IntN/A

Current

Price$89.53
Market Cap$4.01B
Brinker International, Inc. engages in owning, developing, and franchising Chili's Grill and Bar and Maggiano's Little Italy restaurant brands. It operates through the following segments: Chili's, and Maggiano's. The Chili's segment includes the results of company-owned Chili's restaurants in the U.S. and Canada as well as the results from domestic and international franchise business. The Maggiano's segment comprises the results of company-owned Maggiano's restaurants. The company was founded by Larry Lavine on March 13, 1975 and is headquartered in Dallas, TX.

Publicly traded companies mentioned herein: Brinker International Inc (EAT), Darden Restaurants Inc (DRI), DoorDash Inc (DASH)

Highlights

The presenter is long shares of Brinker International Inc (EAT, $61), which owns, operates, or franchises 1,600 restaurants under its Chili’s Grill & Bar and Maggiano’s Little Italy brands. The presenter is bullish based on COVID-19-driven cost cuts, anticipated economic reopenings as vaccines become widely available, and the introduction of cloud kitchens that are already generating revenue. His price target is ~$90 per share, which he reaches by applying a 15x earnings multiple to his expectation that EPS will reach $6 possibly as soon as 2022.

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Idea Discussion

Commentor 1 - 2 weeks ago

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