NEW YORK (TheStreet) -- Shares of Brinker International Inc. (EAT) are down by -1.39% to $46.99 in pre-market trading on Friday following a ratings downgrade to "hold" from "buy" at Wunderlich Securities.
The firm said it cut its rating on the company, which owns, develops, operates, and franchises the Chili's Grill and Bar, and Maggiano's Littlie Italy restaurant brands, as the company is facing increased competition.
Wunderlich reduced its price target on Brinker stock to $52 from $56.
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Separately, TheStreet Ratings team rates BRINKER INTL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate BRINKER INTL INC (EAT) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Highlights from the analysis by TheStreet Ratings Team goes as follows: