Brinker weakness a buying opportunity at Sterne Agee Sterne Agee recommends buying Brinker on weakness following the CFO resignation and said there is no change in the investment thesis. Shares are Buy rated with a $55 price target.
Brinker backs guidance of 25-50 bp of restaurant-levell op margin expansion The company said we were not surprised by margins with the exception of the commodity expenses. Expects commodity expenses also comes back in line. The company said it is now working on changing the trajectory of the brand at Chili's with a lot more initiatives to come. It said it is nowhere near the end of the potential of grow market share. Comments taken from Q1 earnings conference call.