January 18, 2013 at 09:37 AM EST
USB Raises Price Target on Brinker International (EAT)

UBS reported on Friday that they have increased their price target for restaurant company, Brinker International, Inc.(EAT) .

The firm, which currently has a “Buy” rating on EAT, has increased its price target to $39. This price target suggests a 13% increase from the stock’s current price of $33.80.

Analysts have increased their estimates based on improving same-store sales trends.

Brinker International shares were mostly flat during premarket trading Friday. The stock has increased 23% in the past year.

The Bottom Line
Shares of Brinker International (EAT) have a 2.40% dividend yield, based on last night’s closing stock price of $33.27. The stock has technical support in the $30 price area. If the shares can firm up, we see overhead resistance around the all-time high level of $36 per share.

Brinker International, Inc.(EAT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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