Brinker International Reaches New 52-Week High (EAT)

NEW YORK ( TheStreet) -- Brinker International (NYSE: EAT) hit a new 52-week high Wednesday as it is currently trading at $29.22, above its previous 52-week high of $29.10 with 197,672 shares traded as of 10:15 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Brinker International has a market cap of $2.07 billion and is part of the services sector and leisure industry. Shares are up 7.6% year to date as of the close of trading on Tuesday.

Brinker International, Inc. owns, develops, operates, and franchises various restaurant brands primarily in the United States. It operates the restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brand names. The company has a P/E ratio of 17.6, above the average leisure industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Brinker International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Brinker International Ratings Report.

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