Why Brinker International Stock Was Tumbling Today
Shares of Chili's parent Brinker International (NYSE: EAT) were getting sent back to the kitchen today even as the fast-casual chain delivered another quarter of blistering growth.
Despite the strong results, the numbers didn't seem to be quite good enough to keep up with the high expectations priced into the stock, especially at a time when investors are fearful that a trade war could cause a recession.
As of 11:26 a.m. ET, the stock was down 14% on the news.
Source Fool.com
Brinker International Inc. Aktie
155,00 €
0,65 %
Leichte Community-Bevorzugung: Brinker International Inc. mit mehr Buy- als Sell-Einschätzungen.
Obwohl das Kursziel von 82 € unter dem aktuellen Kurs von 155.0 € für Brinker International Inc. liegt, zeigt sich ein negatives Potenzial von -47.1%.
