Brinker International saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 96.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Brinker International is currently extended beyond a proper buy zone after clearing the 73.68 entry in a cup with handle.
The stock earns a 98 EPS Rating, which means its recent quarterly and annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q3, the company reported 115% earnings growth. Top line growth rose 27%, up from 26% in the prior quarter. That marks two consecutive reports with increasing revenue gains.
Brinker International holds the No. 4 rank among its peers in the Retail-Restaurants industry group. Dutch Bros is the No. 1-ranked stock within the group.
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