Brinker says targeting EPS of $4.00 or more by FY17 Says to be 2/3 of way to doubling EPS goal by June, says will achieve 330 bps of its LT operating margin goal of 400bps expansion by this June. Sees achieving 400bp goal by end of next FY, says could reach goal of doubling EPS perhaps even as soon as next FY. Sees Maggiano's revenue climbing to over $500M by FY17. Comments made at the Bank of America Merrill Lynch Consumer & Retail Conference.
News For EAT From The Last 14 Days
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Brinker upgraded to Buy from Hold at Wunderlich Wunderlich upgraded Brinker to Buy citing the company's stronger than industry same-store-sales trends and strong operating economies. The firm raised its price target for shares to $55 from $52.