Jim Cramer Recently Expressed Thoughts on These 18 Stocks

12. Brinker International, Inc. (NYSE:EAT)

Number of Hedge Fund Holders: 52

Brinker International, Inc. (NYSE:EAT) is one of the stocks Jim Cramer recently expressed his thoughts on. Noting that the stock is down 26% over the past three months, a caller asked if it presents a buying opportunity. Cramer replied:

“Okay, so what’s happened is the commodities have gone way up, right? And gasoline’s trying to stabilize. But now, gasoline’s coming down, and a lot of the key commodities are coming down too. So it is time to pull the trigger for those young’uns. I would be a buyer of Brinker for them.”

Brinker International, Inc. (NYSE:EAT) owns, operates, and franchises casual dining restaurants under the Chili’s Grill & Bar and Maggiano’s Little Italy brands. During an August episode, Cramer said that it has “been a winner in this environment.” He commented:

“You heard about it all day: This earnings season has been filled with disappointment in the restaurant space. You know, we got the CAVA that was really bad, the Sweetgreen. But some of these companies always seem to come through because they have something different, like Brinker International, the parent company of Chili’s and Maggiano’s. This morning, Brinker reported a beautiful top and bottom line beat with a mindboggling 23.7% same-store sales numbers from the Chili’s business. They just keep doing it. Even better, management issued a strong forecast for the year ahead, which is why the stock rallied over 1.6% today, although at one point it was up even bigger. Brinker’s been a winner in this environment because they offer their customers an incredible value proposition.”