Brinker International (EAT): Citi's Buy Upgrade and Strategic Growth Moves Drive Valuation Reassessments

Brinker International (EAT) stock has surged 18% in the past week and 20% in the last month following a Citi Buy rating upgrade and strategic growth moves. The company's share price has gained 16% over the past year and 354% over three years, driven by cost improvements and fresh growth at Chili's. The most popular narrative assigns a fair value of $159.41, indicating room for upside if the narrative's assumptions hold true. However, persistent labor inflation and slow adaptation to health trends remain key risks that could challenge Brinker's growth outlook in the future.