Jim Cramer on Brinker: “I Think It’s a Buying Opportunity”

Brinker International, Inc. (NYSE:EAT) is one of the stocks Jim Cramer shed light on recently. Cramer highlighted the company’s “impressive” quarter, as he said:

A couple of days ago, we got this really impressive quarter from Brinker International. That’s the parent company of Chili’s and Maggiano’s. This was a 25-cent earnings beat off a $2.62 basis. Higher than expected revenue, which is what I really like to see from a restaurant. Chili’s saw same store sales grow at 8.6%. That’s incredible. Wall Street was only looking for 6.1. This time, they’re up against some very tough comparisons. Even better, Brinker raised its full-year forecast for both sales and earnings. However, the stock, which has more than tripled since start of 2024, has kind of stalled out in the past 12 months. It’s down almost 14%. Now, it shot up $4 yesterday but then it gave… back vast bulk of these gains today. That doesn’t make sense to me. I think it’s a buying opportunity.

Photo by Artem Podrez on Pexels

Brinker International, Inc. (NYSE:EAT) owns, operates, and franchises casual dining restaurants under the Chili’s Grill & Bar and Maggiano’s Little Italy brands.

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Disclosure: None. This article is originally published at Insider Monkey.