As previously reported, Argus has upgraded Brinker (TO EAT) to purchase from the hold with an amount of $150 price target The company cites that the company’s trends are improving as restaurant sales and visitor numbers increase, the analyst told investors in a research note. Improved performance reflects management’s streamlined efforts with the menu, higher prices and greater investments in Brinker’s workforce, while the simplified processes drive better efficiencies in the kitchen and in overall operations, the company added.
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